SEC Form 4 · accession 0001179110-18-009572
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul H Layne
Officer — President, Central Region
Period of report
Jul 5, 2017
Accepted (ET)
Jul 9, 2018 · 6:29 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 | Jul 5, 2018 | M | 4,928 | $67.11 | A | 22,037 | D | |
| Common stock, par value $0.01 per share | Jul 5, 2018 | S | 4,928 | $137.00 | D | 17,109 | D | |
| Common stock, par value $0.01 per share | Jul 6, 2018 | M | 4,893 | $67.11 | A | 22,002 | D | |
| Common stock, par value $0.01 per shareF1 | Jul 6, 2017 | S | 4,893 | $137.30 | D | 17,109 | 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) | $67.11 | Jul 5, 2018 | M | 4,928 | D | Dec 31, 2017 | Apr 30, 2022 | Common Stock | 4,928 | 45,072 | D |
| NQ Stock Option (right to buy) | $67.11 | Jul 6, 2018 | M | 4,893 | D | Dec 31, 2017 | Apr 30, 2022 | Common Stock | 4,893 | 40,179 | D |
| NQ Stock Option (right to buy)F2 | $121.77 | holding | — | — | — | Feb 16, 2023 | Feb 16, 2028 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Includes restricted stock granted to employees pursuant to The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. 5,009 shares of the restricted stock are performance-based and vest upon the achievement of certain shareholder return thresholds. 4,748 shares of the restricted stock are subject to time-based vesting.
- F250,000 options become exercisable on February 16, 2023 and 50,000 options become exercisable on February 16, 2028.