4//SEC Filing
MACERICH CO 4
Accession 0001179110-16-017290
$MACCIK 0000912242operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 9:28 PM ET
Size
6.6 KB
Accession
0001179110-16-017290
Insider Transaction Report
Form 4
MACERICH COMAC
Brant Randy L
EVP, Real Estate
Transactions
- Award
LTIP Units
2016-01-01+2,323→ 23,208 total→ Common Stock (2,323 underlying)
Footnotes (3)
- [F1]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 and time vesting, 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.
- [F2]LTIP Units vest one-third on December 30, 2016, one-third on December 29, 2017 and one-third on December 31, 2018.
- [F3]In addition, the reporting person holds 32,878 shares of common stock and 43,536 limited partnership units in The Macerich Partnership, L.P., which are generally redeemable upon certain circumstances for an equal number of shares of The Macerich Company's common stock.
Documents
Issuer
MACERICH CO
CIK 0000912242
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000912242
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 9:28 PM ET
- Size
- 6.6 KB