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SITE Centers Corp. Director's Dealing 2011

Mar 21, 2011

32903_dirs_2011-03-21_4b2d897d-73ef-40eb-bd32-af7e1ea130e4.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEVELOPERS DIVERSIFIED REALTY CORP (DDR)
CIK: 0000894315
Period of Report: 2011-03-18

Reporting Person: Otto Alexander (10% Owner, Member of 13(d) group)
Reporting Person: Otto-Bernstein Katharina (Member of 13(d) group)
Reporting Person: Otto Michael Ingo Werner (Member of 13(d) group)
Reporting Person: Vater Janina (Member of 13(d) group)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-18 Common Stock X 6000000 $6.00 Acquired 39674485 Direct
2011-03-18 Common Stock X 3000000 $6.00 Acquired 15755505 Direct
2011-03-18 Common Stock X 500000 $6.00 Acquired 2625916 Direct
2011-03-18 Common Stock X 500000 $6.00 Acquired 2625916 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-03-18 Warrant (right to buy) $6.00 X 3000000 Disposed 2014-05-11 Common Stock (3000000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 3000000 Disposed 2014-09-18 Common Stock (3000000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 1500000 Disposed 2014-05-11 Common Stock (1500000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 1500000 Disposed 2014-09-18 Common Stock (1500000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 250000 Disposed 2014-05-11 Common Stock (250000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 250000 Disposed 2014-09-18 Common Stock (250000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 250000 Disposed 2014-05-11 Common Stock (250000) Direct
2011-03-18 Warrant (right to buy) $6.00 X 250000 Disposed 2014-09-18 Common Stock (250000) Direct

Footnotes

F1: Securities owned by Alexander Otto. Alexander Otto has sole ownership of 39,674,485 shares of Common Stock.

F2: Securities owned by Katharina Otto-Bernstein. Katharina Otto-Bernstein has sole ownership of 15,755,505 shares of Common Stock.

F3: Securities owned by Dr. Michael Otto. Dr. Michael Otto has sole ownership of 2,625,916 shares of Common Stock.

F4: Securities owned by Janina Vater. Janina Vater directly has beneficial ownership of 2,625,916 shares of Common Stock. Pursuant to a General Power of Attorney, Dr. Michael Otto has indirect beneficial ownership over the shares Ms. Vater owns.