MACERICH CO — Director's Dealing 2015

Feb 11, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2014-11-20

Reporting Person: O HERN THOMAS E (Senior EVP, Treasurer & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-20	Common Stock	G	1500	—	Disposed	54767	Direct
2014-12-30	Common Stock	G	350	—	Disposed	54417	Direct
2015-02-09	Common Stock	M	59406	$56.633	Acquired	113823	Direct
2015-02-09	Common Stock	D	38521	$87.34	Disposed	75302	Direct
2015-02-10	Common Stock	S	20885	$87.2978	Disposed	54417	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-09	Stock Appreciation Rights	$56.633	M	59406	Disposed	2018-03-07	Common Stock (59406)	Direct

Footnotes

F1: 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: 135,268 OP Units; 10,338 vested performance-based LTIP Units and 7,284 unvested service-based LTIP Units.

F2: 3,924 shares are also held indirectly by the reporting person through the Company's 401(k) Plan.

F3: 4,147 shares are held by children who share the reporting person's household. The reporting person disclaims beneficial ownership of all shares held by his children and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or otherwise.

F4: Includes 1,378 shares held in a joint account for the reporting person and his son.

F5: The sales price ranged from $87.22 to $87.39.