4//SEC Filing
General Growth Properties, Inc. 4
Accession 0001473158-17-000010
CIK 0001496048operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:55 PM ET
Size
6.7 KB
Accession
0001473158-17-000010
Insider Transaction Report
Form 4
Pesin Richard
EVP, Anchor Dev & Construction
Transactions
- Award
LTIP Units
2017-01-03+39,045→ 39,045 totalExercise: $0.00→ Common Stock (40,597 underlying)
Footnotes (2)
- [F1]The reporting person received a grant of restricted limited partnership interests ("Limited FV LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of General Growth Properties, Inc. (the "Company"), pursuant to the General Growth Properties, Inc. 2010 Equity Incentive Plan. Limited FV LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the Limited FV LTIP Units for federal income tax purposes, are convertible by the holder into an equivalent number of common units of the Operating Partnership ("OP Units"), which are redeemable by the holder for common shares of the Company on an approximately one-for-one basis or the cash value of such shares, at the Company's option. Allocations to the capital accounts of Limited FV LTIP Units will be made only to the extent the book gains exceed prior book losses incurred since the issuance of such Limited FV LTIP Units.
- [F2]The grant vests in 25% increments on each of January 3, 2018, January 3, 2019, January 3, 2020 and January 3, 2021. The rights to convert Limited FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.
Documents
Issuer
General Growth Properties, Inc.
CIK 0001496048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001496048
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:55 PM ET
- Size
- 6.7 KB