4//SEC Filing
Seritage Growth Properties 4
Accession 0001144204-15-043744
$SRGCIK 0001628063operating
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 6:49 PM ET
Size
99.7 KB
Accession
0001144204-15-043744
Insider Transaction Report
Form 4
Citadel Derivatives Group, LLC
10% Owner
Transactions
- Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying)
CITADEL ADVISORS LLC
10% Owner
Transactions
- Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying)
Citadel Advisors Holdings III LP
10% Owner
Transactions
- Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying) - OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying)
GRIFFIN KENNETH C
10% Owner
Transactions
- OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying)
CITADEL INVESTMENT GROUP II, L.L.C.
10% Owner
Transactions
- Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying)
Surveyor Capital Ltd.
10% Owner
Transactions
- Purchase
Class A common shares
2015-07-13$37.26/sh+39,246$1,462,306→ 3,842,593 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-21$38.09/sh−1,450,000$55,230,500→ 2,388,556 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-16$37.82/sh+400$15,128→ 435 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-17$39.25/sh−5,901$231,614→ 0 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+1→ 1 total(indirect: See Footnote)→ Class A common shares (1 underlying) - OtherSwap
Total Return Swap
2015-07-17−400→ 0 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17−435→ 0 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-08$37.01/sh+1,450$53,665→ 3,792,147 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-09$37.34/sh+7,100$265,114→ 3,799,247 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+4,100$153,750→ 3,803,347 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-15$37.54/sh+5,066$190,178→ 835 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-16+400→ 400 total(indirect: See Footnote)→ Class A common shares (400 underlying) - OtherSwap
Total Return Swap
2015-07-17+435→ 435 total(indirect: See Footnote)→ Class A common shares (435 underlying) - Purchase
Class A common shares
2015-07-14$37.43/sh+1,398$52,327→ 3,843,991 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-15$37.53/sh−2,760$103,583→ 3,841,231 total(indirect: See Footnote) - Sale
Class A common shares
2015-07-16$37.95/sh−2,665$101,137→ 3,838,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-10$37.50/sh+1,582$59,325→ 10,566 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-13$37.40/sh+4,500$168,300→ 6,501 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-14$37.41/sh+600$22,446→ 5,901 total(indirect: See Footnote) - Purchase
Class A common shares
2015-07-17$39.23/sh+6,336$248,561→ 5,901 total(indirect: See Footnote) - OtherSwap
Total Return Swap
2015-07-15+900→ 900 total(indirect: See Footnote)→ Class A common shares (900 underlying) - OtherSwap
Total Return Swap
2015-07-15+5,066→ 5,066 total(indirect: See Footnote)→ Class A common shares (5,066 underlying) - OtherSwap
Total Return Swap
2015-07-17−5,066→ 0 total(indirect: See Footnote)→ Class A common shares (5,066 underlying)
Footnotes (22)
- [F1]This security is owned by Surveyor Capital Ltd. ("Surveyor").
- [F10]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.48 to $37.51. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F11]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.20 to $37.47. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F12]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.35 to $37.44. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F13]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.04 to $37.79. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F14]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.80 to $37.84. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F15]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $38.95 to $39.52. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
- [F16]This price represents the weighted average sale price. The sale prices for these transactions ranged from $38.99 to $39.50. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F17]On July 15, 2015, Surveyor entered into a 3-year equity swap agreement with a dealer referencing 900 shares of Seritage Class A shares ("notional shares") at a price of $37.16 per share ("applicable base price"). From time to time over the life of the swap, (i) Surveyor will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to Surveyor any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, Surveyor will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to Surveyor the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement.
- [F18]Citadel Advisors LLC ("Citadel Advisors"), a registered investment adviser, is the portfolio manager for Surveyor and EDMF. Citadel Advisors Holdings III LP ("CAH3") is the managing member of Citadel Advisors. CALC III LP ("CALC3") is the non-member manager of Citadel Securities LLC ("Citadel Securities"). Citadel GP LLC ("CGP") is the general partner of CALC3 and CAH3. Mr. Griffin is the President and Chief Executive Officer of, and owns a controlling interest in, CGP.
- [F19]On July 16, 2015, Surveyor entered into a 1-year equity swap agreement with a dealer referencing 1 notional share of Seritage at an applicable base price of $37.98 per share. From time to time over the life of the swap, (i) Surveyor will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to Surveyor any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, Surveyor will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to Surveyor the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement.
- [F2]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $36.96 to $37.29. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F20]On July 15, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 5,066 notional shares of Seritage at an applicable base price of $37.54 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.
- [F21]On July 16, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 400 notional shares of Seritage at an applicable base price of $37.82 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.
- [F22]On July 17, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 435 notional shares of Seritage at an applicable base price of $38.98 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.
- [F3]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.23 to $37.39. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F4]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.49 to $37.51. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F5]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.18 to $37.48. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F6]This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.41 to $37.45. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F7]This price represents the weighted average sale price. The sale prices for these transactions ranged from $37.15 to $37.76. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F8]This price represents the weighted average sale price. The sale prices for these transactions ranged from $37.78 to $38.00. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F9]This security is owned by Citadel Event Driven Master Fund Ltd. ("EDMF").
Issuer
Seritage Growth Properties
CIK 0001628063
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001628063
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 6:49 PM ET
- Size
- 99.7 KB