CBL & ASSOCIATES INC 4
4 · CBL & ASSOCIATES PROPERTIES INC · Filed Mar 12, 2020
Insider Transaction Report
Form 4
CBL & ASSOCIATES INC
10% Owner
Transactions
- Conversion
Common Units
2020-03-10−15,520,703→ 0 totalExp: 2043-11-03→ Common Stock (15,520,703 underlying) - Conversion
Common Stock
2020-03-10+15,520,703→ 16,555,808.764 total
Holdings
- 208,675(indirect: By Partnership)
Common Units
Exp: 2043-11-03→ Common Stock (208,675 underlying)
Footnotes (9)
- [F1]The Reporting Person redeemed units of limited partnership interest ("Units") of CBL Associates Limited Partnership, of which a wholly owned subsidiary of the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem reporting person's Units with Common Stock.
- [F2]Additionally, the Reporting Person owns, directly or indirectly, limited partnership interests in CBL & Associates Limited Partnership, a Delaware limited partnership (the "Operating Partnership"), that, together with the partnership interests of other limited partners in the Operating Partnership which are controlled by the Reporting Person, may be exchanged at any time for an aggregate of 208,675 shares of the Issuer's Common Stock (on a one-for-one basis) or cash, at the Issuer's election.
- [F3]The Common Units are exercisable on a 1 to 1 ratio with no exercise price.
- [F4]Immediately exercisable.
- [F5]Includes 50,425 Common Units owned directly by Warehouse Partnership, a general partnership controlled by the Reporting Person.
- [F6]Includes 58,203 Common Units owned directly by CBL Employees Partnership/Conway, a general partnership controlled by the Reporting Person.
- [F7]Includes 7,254 Common Units owned directly by Girvin Road Partnership, a general partnership controlled by the Reporting Person.
- [F8]Includes 92,793 Common Units owned directly by Foothills Plaza Partnership, a general partnership controlled by the Reporting Person.
- [F9]The Reporting Person disclaims beneficial ownership of hte reported securities except to the extent of its pecuniary interest therein.