MACERICH CO — Director's Dealing 2018

Mar 2, 2018

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MACERICH CO (MAC)
CIK: 0000912242
Period of Report: 2018-03-01

Reporting Person: Menard Ann C (EVP, CLO and Secretary)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
LTIP Units	$0		Common Stock (1893)		Direct
LTIP Units	$0		Common Stock (13632)		Direct

Footnotes

F1: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.

F2: LTIP Units vest one-third on December 31, 2018, one-third on December 31, 2019 and one-third on December 31, 2020.

F3: LTIP Units vest one-fourth on February 1, 2019, one-fourth on February 1, 2020, one-fourth on February 1, 2021 and one-fourth on February 1, 2022.