SEC Form 4 · accession 0001179110-17-000541

Howard Hughes Corp · HHC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President

Period of report

Jan 3, 2017

Accepted (ET)

Jan 5, 2017 · 5:27 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001498828

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common stock, par value $0.01 per share	Jan 3, 2017	M	308,881	$42.23	A	348,084	D
Common stock, par value $0.01 per share^F1	Jan 3, 2017	F	110,697	$114.10	D	237,387	D
Common stock, par value $0.01 per share	Jan 4, 2017	S	108,802	$113.00	D	128,585	D
Common stock, par value $0.01 per share^F2	Jan 4, 2017	S	1,198	$114.28	D	127,387	D
Common stock, par value $0.01, per share	holding	—	—		—	13	I	By daughter

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrant (right to buy)	$42.23	Jan 3, 2017	M	308,881	D	Nov 22, 2016	Nov 22, 2017	Common stock, par value $0.01 per share	315,731	6,850	D
Warrant (right to buy)^F3	$42.23	Jan 4, 2017	G	6,850	D	Nov 22, 2016	Nov 22, 2017	Common stock, par value $0.01 per share	315,731	0	D

F1Represents the amount of shares withheld by The Howard Hughes Corporation (the "Company") to pay for the aggregate exercise price of the 308,881 warrant shares exercised by Mr. Herlitz.
F2Represents a weighted average purchase price. The shares were purchased in multiple transactions at prices ranging from $114.29 to $114.37, inclusive. Mr. Herlitz undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each transaction price within the range set forth above.
F3Represents warrant shares gifted by Mr. Herlitz to Bank of America Charitable Gift Fund.