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

Mar 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIMON PROPERTY GROUP INC /DE/ (SPG)
CIK: 0001063761
Period of Report: 2010-03-16

Reporting Person: JUSTER ANDREW (EVP/Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-16	Common Stock	A	3610	—	Acquired	29167	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	521	Indirect

Footnotes

F1: Award of restricted stock under a stock incentive program established pursuant to the Simon Property Group, L.P. 1998 Stock Incentive Plan. The restricted stock included within such award is subject to forfeiture unless recipient satisfies vesting requirements.

F2: Includes 203 common shares received on 12/18/09 as dividends. The Company's quarterly dividend was paid in a combination of cash and shares of common stock.

F3: The reporting person disclaims beneficial ownership of the shares held by his spouse, and this report should not be deemed an admission that the reporting person is the beneficial owner of his spouse's shares for purposes of Section 16 or for any other purpose. Includes 21 common stock shares received in 2009 as dividends. The Company's 2009 quarterly dividends were paid in a combination of cash and shares of common stock.