SEC Form 4 · accession 0001179110-17-013946
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter F Riley
Officer — Secretary and General Counsel
Period of report
Nov 8, 2017
Accepted (ET)
Nov 9, 2017 · 6:08 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 shareF1,F2 | Nov 8, 2017 | A | 10,000 | $0.00 | A | 45,875 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock granted to Mr. Riley pursuant to that certain Restricted Stock Agreement, dated November 8, 2017 (the "Restricted Stock Agreement"), by and between Mr. Riley and The Howard Hughes Corporation (the "Company"). The Restricted Stock Agreement provides for time-based vesting. 100% of the restricted stock granted pursuant to the Restricted Stock Agreement shall vest and become non-forfeitable on November 8, 2022. The restricted stock was granted from shares reserved under The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan (the "Plan") and is subject to the terms of the Plan and the Restricted Stock Agreement.
- F2Includes 14,775 shares of restricted stock previously granted to Mr. Riley under the Plan, which are performance-based and vest on the achievement of certain shareholder return thresholds.