Seritage Growth Properties — Director's Dealing 2021

Mar 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Seritage Growth Properties (SRG)
CIK: 0001628063
Period of Report: 2021-03-12

Reporting Person: LAMPERT EDWARD S (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-12	Class A Common Shares	S	49999	$23.35	Disposed	1886385	Direct
2021-03-12	Class A Common Shares	S	293101	$23.35	Disposed	0	Indirect
2021-03-15	Class A Common Shares	S	23476	$22.91	Disposed	1862909	Direct

Footnotes

F1: This price represents the approximate weighted average price per share of Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"), of sales that were executed at prices ranging from $23.25 to $23.68 per Class A Share. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the price per Class A Share and the number of Class A Shares sold at each price.

F2: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and ESL Partners, L.P. ("Partners") are the direct beneficial owners of the securities covered by this statement.

F3: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F4: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F5: Represents Class A Shares directly beneficially owned by Partners.

F6: This price represents the approximate weighted average price per share of Class A Shares of sales that were executed at prices ranging from $22.70 to $23.42 per Class A Share. The reporting persons undertake to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the price per Class A Share and the number of Class A Shares sold at each price.