4//SEC Filing
BAYER RICHARD A 4
Accession 0001179110-11-001823
CIK 0000912242other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:41 PM ET
Size
8.1 KB
Accession
0001179110-11-001823
Insider Transaction Report
Form 4
MACERICH COMAC
BAYER RICHARD A
Senior EVP, CLO & Secretary
Transactions
- Gift
COMMON STOCK
2010-09-02−625→ 139,554 total(indirect: By Trust) - Award
LTIP Units
2011-02-01+62,208→ 66,295 total→ Common Stock (62,208 underlying)
Footnotes (2)
- [F1]3,532 shares are also held indirectly by the reporting person through the Company's 401(k) Plan.
- [F2]Represents the vesting of performance-based units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner. These LTIP Units were issued as long-term incentive compensation and vested upon achievement of certain pre-established performance criteria. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Partnership (the "Common Unit"). Each Common Unit may be redeemed after January 31, 2013, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Documents
Issuer
MACERICH CO
CIK 0000912242
Entity typeother
Related Parties
1- filerCIK 0001022057
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:41 PM ET
- Size
- 8.1 KB