SEC Form 4 · accession 0001266261-16-000003
Brookfield Property REIT Inc. · BPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Berman
Officer — Chief Financial Officer
Period of report
Jun 21, 2016
Accepted (ET)
Jun 22, 2016 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001496048
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 21, 2016 | M | 80,000 | $13.81 | A | 128,039 | D | |
| Common StockF2 | Jun 21, 2016 | S | 90,000 | $28.5978 | D | 38,039 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $13.81 | Jun 21, 2016 | M | 80,000 | D | — | Dec 15, 2021 | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1Includes 1,101 shares acquired under the General Growth Properties, Inc. Employee Stock Purchase Plan on March 31, 2016. Also includes 31 shares acquired by way of dividend reinvestment that had not been previously disclosed on Form 4.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.58 to $28.61. The reporting person undertakes to provide General Growth Properties, any security holder of General Growth Properties, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3Options exercised were granted on December 15, 2011 and vested on December 15, 2015.