SEC Form 4 · accession 0001179110-17-004995
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reuben Seth Davidsohn
Officer — Chief Administrative Officer
Period of report
Mar 17, 2017
Accepted (ET)
Mar 21, 2017 · 5:01 pm EDT
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 | Mar 17, 2017 | M | 20,000 | $57.77 | A | 25,684 | D | |
| Common stock, par value $0.01 per shareF1 | Mar 17, 2017 | F | 14,019 | $119.16 | D | 11,665 | D | |
| Common stock, par value $0.01 per shareF2 | Mar 17, 2017 | S | 5,981 | $118.78 | D | 5,684 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock Option (right to buy) | $57.77 | Mar 17, 2017 | M | 20,000 | D | Jan 1, 2017 | Feb 28, 2021 | Common Stock | 20,000 | 60,000 | D |
Explanation of responses
- F1Represents the amount of shares withheld by The Howard Hughes Corporation (the "Company") to pay for the aggregate exercise price and cover Mr. Davidsohn's tax liability arising from the exercise of 20,000 options.
- F2Represents a weighted average sale price. The shares were sold in multiple transactions at prices ranging from $118.75 to $118.85, inclusive. Mr. Davidsohn 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 sold at each transaction price within the range set forth above.