SIMON PROPERTY GROUP INC /DE/ — Director's Dealing 2010

Mar 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIMON PROPERTY GROUP INC /DE/ (SPG)
CIK: 0001063761
Period of Report: 2010-03-22

Reporting Person: LEIBOWITZ REUBEN S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-22	Common Stock	C	10148	$72.01	Acquired	23819	Direct
2010-03-22	Common Stock	C	2500	$72.01	Acquired	2500	Indirect
2010-03-22	Common Stock	C	932	$72.01	Acquired	2496	Indirect
2010-03-22	Common Stock	C	1000	$72.01	Acquired	2564	Indirect
2010-03-22	Common Stock	C	932	$72.01	Acquired	932	Indirect
2010-03-22	Common Stock	C	500	$72.01	Acquired	500	Indirect
2010-03-22	Common Stock	C	500	$72.01	Acquired	500	Indirect
2010-03-22	Common Stock	C	500	$72.01	Acquired	500	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	11975	Disposed	2010-04-14	Common Stock (10148)	Direct
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	2950	Disposed	2010-04-14	Common Stock (2500)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	1100	Disposed	2010-04-14	Common Stock (932)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	1180	Disposed	2010-04-14	Common Stock (1000)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	1100	Disposed	2010-04-14	Common Stock (932)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	590	Disposed	2010-04-14	Common Stock (500)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	590	Disposed	2010-04-14	Common Stock (500)	Indirect
2010-03-22	6% Series I Convertible Perpetual Preferred Stock	$	C	590	Disposed	2010-04-14	Common Stock (500)	Indirect

Footnotes

F1: Shares of common stock were acquired from the issuer upon conversion of 6% Series I convertible perpetual preferred stock at a conversion rate of 0.847495 shares of common stock for each share of preferred stock. Price is equal to closing price of a share of common stock on the date of conversion multiplied by the conversion ratio.

F2: Includes 120 common shares received on June 19, 2009 as dividends, 96 common shares received on September 18, 2009 as dividends, and 86 common shares received on December 18, 2009 as dividends. The Company's quarterly dividends were paid in a combination of cash and shares of common stock.

F3: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F5: The 6% Series I convertible perpetual preferred stock has been called for redemption on April 16, 2010 and the last date for conversion is April 14, 2010.

F6: The 6% Series I convertible perpetual preferred stock was disposed of to the issuer upon conversion into common stock at a conversion rate of 0.847495 of a share of common stock for each share of preferreed stock. Price is equal to the closing price of a share of common stock on the date of conversion multiplied by the conversion ratio.