SEC Form 4 · accession 0001266261-16-000006
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
Aug 19, 2016
Accepted (ET)
Aug 22, 2016 · 4:02 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 | Aug 19, 2016 | M | 189,474 | $19.24 | A | 227,520 | D | |
| Common StockF2 | Aug 19, 2016 | S | 189,474 | $29.153 | D | 38,046 | 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 | $19.24 | Aug 19, 2016 | M | 189,474 | D | — | Jan 7, 2023 | Common Stock | 189,474 | 284,210 | D |
Explanation of responses
- F1Includes 7 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 $29.05 to $29.235. 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 January 7, 2013. Grant vested 20% on each of the first five anniversaries of grant date.