Voegele William P 4
4 · MACERICH CO · Filed Sep 4, 2019
Insider Transaction Report
Form 4
MACERICH COMAC
Voegele William P
EVP, Chief Development Officer
Transactions
- Award
LTIP Units
2019-09-01+4,393→ 4,393 total→ Common Stock (4,393 underlying) - Award
Common Stock
2019-09-01+35,050→ 35,050 total
Footnotes (3)
- [F1]Award of restricted stock units under The Macerich Company 2003 Equity Incentive Plan. The restricted stock units vest in four equal annual installments beginning August 31, 2020.
- [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 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 to Common Units and redeem Common Units do not have expiration dates.
- [F3]LTIP Units vest one-third on August 31, 2020, one-third on August 31, 2021 and one-third on August 31, 2022.