SEC Form 4 · accession 0001622517-16-000019
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
Aug 16, 2016
Accepted (ET)
Aug 18, 2016 · 5:38 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 Stock | Aug 16, 2016 | M | 200,000 | $9.69 | A | 680,356 | D | |
| Common StockF1 | Aug 16, 2016 | S | 200,000 | $29.659 | D | 480,356 | D | |
| Common Stock | Aug 17, 2016 | M | 200,000 | $9.69 | A | 680,356 | D | |
| Common StockF2 | Aug 17, 2016 | S | 200,000 | $29.665 | 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)F3 | $9.69 | Aug 16, 2016 | M | 200,000 | D | — | Oct 27, 2020 | Common Stock | 200,000 | 1,200,000 | D |
| Stock Options (Right to Buy)F3 | $9.69 | Aug 17, 2016 | M | 200,000 | D | — | Oct 27, 2020 | Common Stock | 200,000 | 1,000,000 | D |
Explanation of responses
- F1The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.52 to $29.915. 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.
- F2The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.50 to $29.87. 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 October 27, 2010. Grant was fully vested on October 27, 2014.