CBL & ASSOCIATES PROPERTIES INC — Director's Dealing 2016

Sep 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CBL & ASSOCIATES PROPERTIES INC (CBL)
CIK: 0000910612
Period of Report: 2016-09-08

Reporting Person: LANDRESS BEN S (Exec VP - Management)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-08	Common Stock	G	1000	—	Disposed	73536	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	266557.31	Direct
Preferred Series D Depositary Shares	1000	Indirect
Preferred Series E Depositary Shares	800	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Units	$	2043-11-03	Common Stock (120480)	120480	Direct

Footnotes

F1: The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2: As the result of the death of the Reporting Person's spouse on January 7, 2014, these shares are now held in a Trust of which the Reporting Person and an unrelated attorney serve as Co-Trustees and in which the Reporting Person retains a beneficial interest during his lifetime with the remaining principal passing to unrelated third parties at his death.

F3: 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 120,480 shares of the Issuer's Common Stock (on a one-for-one basis) or cash, at the Issuer's election.

F4: The Common Units are exerciseable on a 1 to 1 ratio with no exercise price.

F5: Immediately exercisable.