SEC Form 4 · accession 0001266261-17-000001
Brookfield Property REIT Inc. · BPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Berman
Officer — EVP, Chief Financial Officer
Period of report
Feb 16, 2017
Accepted (ET)
Feb 17, 2017 · 4:36 pm EST
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 | Feb 16, 2017 | M | 150,000 | $20.40 | A | 237,347 | D | |
| Common StockF2 | Feb 16, 2017 | S | 150,000 | $25.0032 | D | 87,347 | 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) | $20.40 | Feb 16, 2017 | M | 150,000 | D | Nov 12, 2014 | Nov 12, 2023 | Common Stock | 150,000 | 456,210 | D |
Explanation of responses
- F1Includes 21 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 $24.93 to $25.11. The reporting person undertakes to provide GGP, any security holder of GGP, 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.