MACERICH CO — Director's Dealing 2016

Jan 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2016-01-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-14	Common Stock	C	11280	—	Acquired	65697	Direct
2016-01-15	Common Stock	S	5000	$75.55	Disposed	60697	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-14	Units	$	C	11280	Disposed		Common Stock (11280)	Direct

Footnotes

F1: The reporting person redeemed 11,280 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: The sales reported were automatic pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2015.

F3: Includes 1,378 shares held in a joint account for the reporting person and his son.

F4: 4,050 shares are also held indirectly by the reporting person through the Company's 401(k) Plan.

F5: In addition, 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.