Seritage Growth Properties — Director's Dealing 2019

May 29, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seritage Growth Properties (SRG)
CIK: 0001628063
Period of Report: 2019-05-24

Reporting Person: Rottler Mary (EVP of Leasing & Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-24	Class A Common Shares	A	28	—	Acquired	17719	Direct

Footnotes

F1: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to increase the number of RSUs attributable to "Tranche 2" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award, such that one-third were vested as of the date of grant and one-third will vest on each of May 2, 2020 and May 2, 2021.

F2: Includes 8,416 unvested RSUs and Restricted Shares, as of the date of this filing, after taking into account the transaction reported herein.