Seritage Growth Properties — Director's Dealing 2018

Aug 16, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seritage Growth Properties (SRG)
CIK: 0001628063
Period of Report: 2018-08-13

Reporting Person: Dickman Brian Robert (CFO and EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-13	Class A Common Shares	A	1005	—	Acquired	24156	Direct
2018-08-13	Class A Common Shares	F	1482	$49.18	Disposed	22674	Direct

Footnotes

F1: Represents additional restricted shares granted under the Seritage Growth Properties 2015 Share Plan to reflect the final level of performance achievement under the terms of a performance award, consisting of restricted stock, granted on August 13, 2015, and previously included in Form 4 filings at the target level of achievement. The total number of shares subject to this performance award, including the additional shares reported herein, is 4,130, half of which vested on August 13, 2018 when the performance determination was approved by the compensation committee of the board of directors of the issuer and half of which vest on July 1, 2019, subject to the reporting person's continued employment with the issuer.

F2: Includes 14,961 unvested Restricted Share Units and Restricted Shares, as of the date of this filing.

F3: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based and performance-based restricted stock awards.