SEC Form 4 · accession 0001266261-16-000004
Brookfield Property REIT Inc. · BPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sandeep Mathrani
Officer — Chief Executive Officer · Director
Period of report
Jun 10, 2016
Accepted (ET)
Jun 27, 2016 · 4:49 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 10, 2016 | G | 9,067 | $0.00 | D | 480,356 | D | |
| Common Stock | Jun 23, 2016 | M | 300,000 | $9.69 | A | 780,356 | D | |
| Common StockF2 | Jun 23, 2016 | S | 300,000 | $28.8976 | D | 480,356 | D | |
| Common Stock | Jun 24, 2016 | M | 300,000 | $9.69 | A | 780,356 | D | |
| Common StockF3 | Jun 24, 2016 | S | 300,000 | $28.6259 | D | 480,356 | D | |
| Common Stock | holding | — | — | — | 125,913 | I | By Trust | |
| Common Stock | holding | — | — | — | 125,913 | I | By Trust |
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)F4 | $9.69 | Jun 23, 2016 | M | 300,000 | D | — | Oct 27, 2020 | Common Stock | 300,000 | 1,700,000 | D |
| Stock Options (Right to Buy)F4 | $9.69 | Jun 24, 2016 | M | 300,000 | D | — | Oct 27, 2020 | Common Stock | 300,000 | 1,400,000 | D |
Explanation of responses
- F1Includes 1,101 shares acquired under the General Growth Properties, Inc. Employee Stock Purchase Plan on March 31, 2016 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 $28.83 to $28.995. 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.
- F3The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.51 to $28.85. 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.
- F4Options exercised were granted on October 27, 2010. Grant was fully vested on October 27, 2014.