MACERICH CO — Director's Dealing 2016

Feb 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2016-02-22

Reporting Person: Leanse Thomas J. (Senior EVP, CLO and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-22	Common Stock	C	8053	—	Acquired	8560	Direct
2016-02-22	Common Stock	S	7500	$78.8924	Disposed	1060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-22	OP Units	$	C	8053	Disposed		Common Stock (8053)	Direct

Footnotes

F1: The reporting person redeemed 8,053 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. The reporting person also holds 45,553 vested LTIP Units and 8,527 unvested service-based LTIP Units.

F2: The reporting person also holds 161 shares in a trust for the benefit of one of his children.

F3: In addition, 50 shares are held by his adult child who is currently sharing the reporting person's household. The reporting person disclaims beneficial ownership of all shares held by this child, 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: None.