SEC Form 4 · accession 0001622517-15-000003
Brookfield Property REIT Inc. · BPR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan J Barocas
Officer — Sr. EVP, Leasing
Period of report
Jan 6, 2015
Accepted (ET)
Jan 8, 2015 · 5:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001496048
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1 | $0.00 | Jan 6, 2015 | A | 60,200 | A | — | — | Common Stock | 60,200 | 60,200 | D |
Explanation of responses
- F1The reporting person received a grant of restricted limited partnership interests ("FV LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of General Growth Properties, Inc. (the "Company"), pursuant to the General Growth Properties, Inc. 2010 Equity Incentive Plan. FV LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the FV LTIP Units for federal income tax purposes, are convertible by the holder into an equivalent number of common units of the Operating Partnership ("OP Units"), which are redeemable by the holder for common shares of the Company on an approximately one-for-one basis or the cash value of such shares, at the Company's option. The grant vests in 25% increments on each of January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019. The rights to convert FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.