Seritage Growth Properties — Director's Dealing 2019

Mar 13, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seritage Growth Properties (SRG)
CIK: 0001628063
Period of Report: 2019-03-08

Reporting Person: Schall Benjamin (Director, CEO, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-08	Class A Common Shares	A	25109	—	Acquired	298944	Direct
2019-03-08	Class A Common Shares	A	11591	—	Acquired	310535	Direct
2019-03-08	Class A Common Shares	F	23362	$45.29	Disposed	287173	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 July 7, 2015, and previously included in Form 4 filings, in which 21,551 Restricted Shares (the initial number of Restricted Shares granted) were reported. The total number of shares subject to this performance award, including the additional shares reported herein, is 46,660, all of which vested on March 8, 2019 when the performance determination was approved by the compensation committee of the board of directors of the issuer.

F2: Represents a grant of Restricted Share Units under the Seritage Growth Properties 2015 Share Plan. This award will vest in substantially equal installments on each of March 8, 2020, March 8, 2021 and March 8, 2022.

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

F4: Includes 136,655 unvested or vested but unsettled Restricted Share Units and Restricted Shares as of the date of this filing, after taking into account the transactions reported herein.