SEC Form 4 · accession 0001179110-17-009354
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Weinreb
Officer — Chief Executive Officer · Director
Period of report
Jun 16, 2017
Accepted (ET)
Jun 20, 2017 · 5:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001498828
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F1,F2 | $124.64 | Jun 16, 2017 | A | 1,965,409 | A | Jun 15, 2022 | Jun 15, 2023 | Common stock, par value $0.01 per share | 1,965,409 | 1,965,409 | D |
Explanation of responses
- F1Reflects shares underlying a warrant to purchase shares of common stock of The Howard Hughes Corporation (the "Company") pursuant to a warrant grant agreement, dated as of June 16, 2017, by and between the Company and Mr. Weinreb (the "Warrant Agreement").
- F2The warrant will become exercisable on June 15, 2022, subject to an earlier exercisable date in the event of: (a) a Change of Control of the Company (as defined in the Warrant Agreement); (b) the termination of Mr. Weinreb's employment by the Company without Cause (as defined in the Warrant Agreement); or (c) the separation of Mr. Weinreb from employment with the Company for Good Reason (as defined in the Warrant Agreement).