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

Mar 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIMON PROPERTY GROUP INC /DE/ (SPG)
CIK: 0001063761
Period of Report: 2010-03-19

Reporting Person: LEIBOWITZ REUBEN S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	10825	Disposed		Common Stock (9174)	Direct
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	350	Disposed		Common Stock (296)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	900	Disposed		Common Stock (762)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	300	Disposed		Common Stock (254)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	3400	Disposed		Common Stock (2881)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	320	Disposed		Common Stock (271)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	1900	Disposed		Common Stock (1610)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	230	Disposed		Common Stock (194)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	230	Disposed		Common Stock (194)	Indirect
2010-03-19	6% Series I Convertible Perpetual Preferred Stock	$	S	230	Disposed		Common Stock (194)	Indirect

Footnotes

F1: The 6% Series I convertible perpetual preferred stock is convertible into common stock on a one-for-0.847495 basis, and has no expiration date. The 6% Series I convertible perpetual preferred stock has been called for redemption on April 16, 2010.

F2: 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.

F3: 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.