BRAITHWAITE JAMES C 4
4 · MILLS CORP · Filed Jan 5, 2006
Insider Transaction Report
Form 4
MILLS CORPMLS
BRAITHWAITE JAMES C
Director
Transactions
- Other
Units
2006-01-03+52,212→ 360,688 total→ Common Stock (52,212 underlying) - Gift
Units
2006-01-05−2,000→ 358,688 total→ Common Stock (2,000 underlying)
Holdings
- 27,994(indirect: See Footnote)
Units
→ Common Stock (27,994 underlying)
Footnotes (5)
- [F1]Units represent limited partnership interests in The Mills Limited Partnership, the operating partnership of the Issuer and of which the Issuer is the sole general partner and majority unit holder. The units are currently exchangeable for either common stock on a 1-for-1 basis or cash value of such common stock. The Issuer has the right to elect whether to issue common stock or pay cash. No expiration dates exists for the right to convert the units to common stock.
- [F2]The reporting person received 17,662 Units from Kan Am USA VIII Limited Partnership and 34,550 Units from Kan Am USA IX Limited Partnership for a total of 52,212 Units.
- [F3]These Units are held by Braithwaite Family Partnership, LP. The reporting person is the sole general partner of Braithwaite Family Partnership, LP. The reporting person disclaims beneficial ownership of these Units except to the extent of his pecuniary interest therein.
- [F4]The transfer was a gift and therefore the reporting person did not receive nor provide any consideration.
- [F5]These Units are held by Braithwaite Family Foundation. The reporting person is the Trustee of the Braithwaite Family Foundation. The reporting person disclaims beneficial ownership of these Units except to the extent of his pecuniary interest therein.