MACERICH CO — Director's Dealing 2011

Jan 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2010-11-15

Reporting Person: ANDERSON DANA K (Director, Vice Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-15	Common Stock	G	1100	—	Disposed	198014	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	OP Units	$	G	12166	Acquired		Common Stock (12166)	Indirect

Footnotes

F1: The reporting person also owns 5,447 shares acquired through the Macerich Employee Stock Purchase Plan.

F2: Redeemable for an equal number of common stock or, at the election of the issuer, cash equal to the fair market value of such shares.

F3: None.