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Seritage Growth Properties — Director's Dealing 2015
Jul 10, 2015
33668_dirs_2015-07-09_6699923e-42d9-4250-8ca8-fabf90fd6ad1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Seritage Growth Properties (SRG)
CIK: 0001628063
Period of Report: 2015-07-07
Reporting Person: Schall Benjamin (Director, CEO, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-07 | Class A common shares of beneficial interest | A | 16903.3125 | $0.00 | Acquired | 17003.3125 | Direct |
| 2015-07-07 | Restricted Shares (time-vesting) | A | 50709.9375 | $0.00 | Acquired | 67713.25 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-07-07 | Restricted Share Units (time-vesting) | $0.00 | A | 21551.72 | Acquired | Class A common shares (21551.72) | Direct | |
| 2015-07-07 | Restricted Shares (performance-vesting) | $0.00 | A | 101419.87 | Acquired | Class A common shares (101419.87) | Direct | |
| 2015-07-07 | Restricted Shares (performance-vesting) | $0.00 | A | 21551.72 | Acquired | Class A common shares (21551.72) | Direct |
Footnotes
F1: Mr. Schall received an award of 67,613.25 shares on July 7, 2015. 25% of this award (16,903.3125 shares) of restricted shares is vested as of July 7, 2015, and the unvested portion will vest in three equal annual installments beginning July 7, 2016.
F2: This award vests in three equal annual installments beginning on July 7, 2016.
F3: This award will vest based on the achievement of applicable performance goals. The reported number of performance-vesting restricted shares represents the number of shares earned based on the achievement of target performance. The number of shares that may be earned based on maximum performance is 150% of the target number of performance-vesting restricted shares.
F4: This award will vest based on the achievement of applicable performance goals. The reported number of performance-vesting restricted shares represents the number of shares earned based on the achievement of target performance. The number of shares that may be earned based on maximum performance is 265% of the target number of performance-vesting restricted shares.