SEC Form 4 · accession 0001179110-18-002506
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant Herlitz
Officer — President
Period of report
Feb 16, 2018
Accepted (ET)
Feb 21, 2018 · 6:18 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 | Feb 16, 2018 | A | 21,557 | $0.00 | A | 154,503 | D | |
| Common stock, par value $0.01 per shareF2 | holding | — | — | — | 88,184 | I | By Moss Creek Capital, LP | |
| Common stock, par value $0.01 per share | holding | — | — | — | 13 | I | By daughter |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock granted to employees pursuant to The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. 10,779 shares of the restricted stock are performance-based and vest upon the achievement of certain shareholder return thresholds. 10,778 shares of the restricted stock are time-based and vest at a rate of 20% per year beginning on December 31, 2018.
- F2Represents shares transferred by the reporting person to Moss Creek Capital, LP ("MCC LP"), a limited partnership, in which the general partner of MCC LP, Moss Creek Capital GP, LLC ("MCC GP"), is owned by the reporting person. The reporting person is also the trustee of the Grant & Karlyn Herlitz Living Trust (the "Trust"), which is the limited partner of MCC LP. By virtue of his position as the trustee of the Trust and owner of MCC GP, the reporting person is deemed to beneficially own the shares for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). The transfer of these shares to MCC LP was exempt from reporting pursuant to Rule 16a-13 of the Exchange Act.