MACERICH CO 4
4 · MACERICH CO · Filed Sep 16, 2016
Insider Transaction Report
Form 4
MACERICH COMAC
Brant Randy L
EVP, Real Estate
Transactions
- Conversion
Common Stock
2016-09-15+20,000→ 51,178 total - Conversion
Units
2016-09-15−20,000→ 23,536 totalFrom: 2015-12-31→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The reporting person redeemed 20,000 units of limited partnership interest ("Units") of The Macerich Partnership, L.P., of which the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's common stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with common stock. Units have no expiration date.
- [F2]In addition, the reporting person holds the following 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: 23,536 OP Units; 42,148 vested LTIP Units and 4,030 unvested service-based LTIP Units.