CBL & ASSOCIATES PROPERTIES INC — Director's Dealing 2013

Jan 4, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK: 0000910612
Period of Report: 2012-12-27

Reporting Person: LEBOVITZ STEPHEN D (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-27	Common Units	$	G	49365	Disposed	2043-11-03	Common Stock (49365)	Direct
2012-12-27	Common Units	$	G	9650	Disposed	2043-11-03	Common Stock (9650)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	576682.91	Direct
Common Stock	1150	Indirect
Common Stock	36889.9604	Indirect

Footnotes

F1: Additionally, the Reporting Person owns a limited partnership interest in CBL & Associates Limited Partnership, a Delaware limited partnership, that may be exchanged at any time for an aggregate of 480,297 shares of the Issuer's Common Stock (on a one-for-one basis) or cash, at the Issuer's election.

F2: The Common units are exercisable on a 1 to 1 ratio with no exercise price.

F3: Immediately exercisable.