AI assistant
MACERICH CO — Director's Dealing 2016
Sep 16, 2016
31072_dirs_2016-09-16_d634ebd8-ff3c-45b9-9519-f43d20588c91.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2016-09-15
Reporting Person: Brant Randy L (EVP, Real Estate)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-09-15 | Common Stock | C | 20000 | — | Acquired | 51178 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-09-15 | Units | $ | C | 20000 | Disposed | Common Stock (20000) | Direct |
Footnotes
F1: The reporting person redeemed 20,000 units of limited partnership interest ("Units") of The Macerich Partnership, L.P., of which the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's common stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with common stock. Units have no expiration date.
F2: 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: 23,536 OP Units; 42,148 vested LTIP Units and 4,030 unvested service-based LTIP Units.