SEC Form 4 · accession 0001526642-15-000001
Brookfield Property REIT Inc. · BPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marvin J Levine
Officer — EVP, Chief Legal Officer
Period of report
Dec 24, 2015
Accepted (ET)
Dec 28, 2015 · 4:00 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 | Dec 24, 2015 | M | 20,000 | $14.11 | A | 25,945 | D | |
| Common StockF2 | Dec 24, 2015 | S | 20,000 | $26.882 | D | 5,945 | D | |
| Series A Preferred Stock | holding | — | — | — | 4,000 | 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 | $14.11 | Dec 24, 2015 | M | 20,000 | D | — | Jan 24, 2021 | Common Stock | 20,000 | 130,000 | D |
Explanation of responses
- F1Includes 5,934 shares purchased under the General Growth Properties, Inc. Employee Stock Purchase Plan for the period June 29, 2012 through March 31, 2015. Also includes 10.8176 shares acquired by way of dividend reinvestment that had not been previously disclosed on Form 4.
- F2$26.882 was the weighted average sales price. These shares were sold in multiple transactions ranging from $26.845 to $26.984. The reporting person undertakes to provide upon request by the SEC staff, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price.
- F3Options exercised were from grant made on January 24, 2011 that vested 25% on each of the first four anniversaries of grant date.