SEC Form 4 · accession 0001179110-18-004616
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sarah M Vasquez
Officer — EVP, Management & Operations
Period of report
Mar 15, 2018
Accepted (ET)
Mar 19, 2018 · 7:14 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 15, 2018 | M | 7,500 | $81.80 | A | 11,582 | D | |
| Common stock, par value $0.01 per shareF1 | Mar 15, 2018 | S | 7,500 | $134.80 | D | 4,082 | 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) | $81.80 | Mar 15, 2018 | M | 7,500 | A | Mar 15, 2018 | Mar 15, 2023 | Common Stock | 7,500 | 0 | D |
Explanation of responses
- F1Represents restricted stock granted to employees pursuant to The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. 2,085 shares of the restricted stock are performance-based and vest upon the achievement of certain shareholder return thresholds. 1,997 of the shares of the restricted stock are subject to time-based vesting.