4//SEC Filing
MACERICH CO 4
Accession 0001179110-15-000864
$MACCIK 0000912242operating
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 6:52 PM ET
Size
6.0 KB
Accession
0001179110-15-000864
Insider Transaction Report
Form 4
MACERICH COMAC
Brant Randy L
EVP, Real Estate
Transactions
- Award
LTIP Units
2015-01-12+12,405→ 16,025 total→ Common Stock (12,405 underlying)
Footnotes (1)
- [F1]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 generally be redeemed, 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 typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912242
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 6:52 PM ET
- Size
- 6.0 KB