4//SEC Filing
General Growth Properties, Inc. 4
Accession 0001622517-16-000014
CIK 0001496048operating
Filed
Feb 21, 7:00 PM ET
Accepted
Feb 22, 4:20 PM ET
Size
6.9 KB
Accession
0001622517-16-000014
Insider Transaction Report
Form 4
Barocas Alan J
Sr. EVP, Mall Leasing
Transactions
- Award
LTIP Units
2016-02-18+170,233→ 170,233 total→ Common Stock (177,002 underlying)
Footnotes (2)
- [F1]The reporting person received a grant of restricted limited partnership interests ("AO 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. AO LTIP Units are a class of units of the Operating Partnership similar to option awards that, conditioned upon minimum allocations to the capital accounts of the AO LTIP Units for federal income tax purposes, are convertible by the holder into a number of common units of the Operating Partnership ("OP Units") determined by the increase in the value of a share of GGP common stock at the time of conversion over the value of a share of GGP common stock at the time of grant. OP Units are redeemable by the holder for 1.0397624 common shares of the Company per OP Unit or the cash value of such shares, at the Company's option.
- [F2]The grant vests in 25% increments on each of February 18, 2017, February 18, 2018, February 18, 2019 and February 18, 2020. The right to convert AO LTIP Units into OP Units has a maximum term of 10 years. The right to redeem OP Units does not have an expiration date. AO LTIP Units are generally entitled to distributions equivalent to approximately 10% of the dividends paid on GGP common stock.
Documents
Issuer
General Growth Properties, Inc.
CIK 0001496048
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001496048
Filing Metadata
- Form type
- 4
- Filed
- Feb 21, 7:00 PM ET
- Accepted
- Feb 22, 4:20 PM ET
- Size
- 6.9 KB