SEC Form 4 · accession 0001179110-19-000249
Howard Hughes Corp · HHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Grant Herlitz
Officer — President
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 5:00 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 | Dec 31, 2018 | F | 5,135 | $97.62 | D | 144,318 | D | |
| Common stock, par value $0.01 per shareF2 | holding | — | — | — | 93,275 | 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 shares of common stock withheld by The Howard Hughes Corporation (the "Company") to satisfy certain tax withholding obligations upon the vesting of: (i) 1,896 of 6,946 performance-based shares of restricted stock granted in 2014; (ii) 6,945 time-based shares of restricted stock granted in 2014; (iii) 2,059 time-based shares of restricted stock granted in 2017; and (iv) 2,155 time-based shares of restricted stock granted in 2018. The grants of such restricted stock were previously reported and made under The Howard Hughes Corporation Amended and Restated 2010 Incentive Plan. No shares were sold by the Company or the reporting person.
- F2Represents shares held by 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 Exchange Act of 1934, as amended.