MACERICH CO — Director's Dealing 2015

Feb 13, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2014-12-30

Reporting Person: Salo Eric V (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-30	Common Stock	G	1000	—	Disposed	20222	Direct
2015-02-11	Common Stock	M	29703	$56.633	Acquired	49925	Direct
2015-02-11	Common Stock	D	19188	$87.67	Disposed	30737	Direct
2015-02-12	Common Stock	S	10515	$87.0046	Disposed	20222	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-11	Stock Appreciation Rights	$56.633	M	29703	Disposed	2018-03-07	Common Stock (29703)	Direct

Footnotes

F1: These shares were sold in connection with tax planning.

F2: The sales price ranged from $86.80 to $87.14.

F3: In addition, the reporting person holds the following limited partnership units in The Macerich Partnership, L.P., which are generally redeemable upon certain circumstances for an equal number of shares of The Macerich Company's common stock: 43,536 OP Units; 4,135 vested performance-based LTIP Units and 2,913 unvested service-based LTIP Units.