Weinreb David 4
4 · Howard Hughes Corp · Filed Nov 24, 2010
Insider Transaction Report
Form 4
Weinreb David
Interim COO
Transactions
- Award
Warrant (right to buy)
2010-11-22$15000000.00/sh+2,367,985$35,519,775,000,000→ 2,367,985 totalExercise: $42.23From: 2016-11-22Exp: 2017-11-22→ Common stock, par value $0.01 per share (2,367,985 underlying)
Footnotes (2)
- [F1]Reflects shares underlying a warrant to purchase shares of the common stock of The Howard Hughes Corporation (the "Company") pursuant to a warrant purchase agreement, dated as of November 22, 2010, by and between the Company and David R. Weinreb (the "Warrant Agreement").
- [F2]The warrant will become exercisable in November 2016, and will become immediately exercisable in the event of (a) a Change of Control of the Company (as defined in the Warrant Agreement); (b) the termination of Mr. Weinreb's employment by the Company without Cause (as defined in the Warrant Agreement); or (c) the separation of Mr. Weinreb from employment for Good Reason (as defined in the Warrant Agreement).