4//SEC Filing
MACERICH CO 4
Accession 0001179110-14-004823
$MACCIK 0000912242operating
Filed
Mar 6, 7:00 PM ET
Accepted
Mar 7, 8:45 PM ET
Size
7.5 KB
Accession
0001179110-14-004823
Insider Transaction Report
Form 4
MACERICH COMAC
Brant Randy L
EVP, Real Estate
Transactions
- Sale
Common Stock
2014-03-06$61.03/sh−18,000$1,098,554→ 46,323 total - Award
LTIP Units
2014-03-07+24,896→ 36,681 total→ Common Stock (24,896 underlying)
Footnotes (2)
- [F1]The sale price ranged from $61.00 to $61.14 per share.
- [F2]Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, 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 so presented 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 typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912242
Filing Metadata
- Form type
- 4
- Filed
- Mar 6, 7:00 PM ET
- Accepted
- Mar 7, 8:45 PM ET
- Size
- 7.5 KB