GGP Inc. 4
4 · GGP Inc. · Filed Mar 10, 2017
Insider Transaction Report
Form 4
GGP Inc.GGP
Levine Marvin J
SVP, Chief Legal Officer
Transactions
- Conversion
OP Units
2017-03-08−11,180→ 0 total→ Common Stock (11,180 underlying) - Conversion
OP Units
2017-03-08+11,180→ 11,180 total→ Common Stock (11,180 underlying) - Conversion
FV LTIP Units
2017-03-08−11,180→ 11,180 total→ Common Stock (11,180 underlying)
Footnotes (3)
- [F1]Represents limited partnership interests ("FV LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of GGP Inc. (the "Company"), granted pursuant to the Company's 2010 Equity Incentive Plan. FV LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the 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").
- [F2]11,180 of the Reporting Person's FV LTIP Units were converted into OP Units by the Reporting Person, and the OP Units were redeemed for cash in accordance with the Operating Partnership's Partnership Agreement.
- [F3]Represents 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.