SEC Form 4 · accession 0000919574-17-002756
Seritage Growth Properties · SRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce R Berkowitz
10% Owner
Period of report
Mar 9, 2017
Accepted (ET)
Mar 13, 2017 · 5:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001628063
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Shares, $0.01 par valueF1,F2 | Mar 9, 2017 | P | 50,000 | $45.63 | A | 3,699,550 | I | See Footnote |
| Class A Common Shares, $0.01 par valueF1,F2 | Mar 13, 2017 | P | 3,200 | $44.24 | A | 3,702,750 | I | See Footnote |
| Class C Non-Voting Common Shares, $0.01 par valueF3,F2 | holding | — | — | — | 5,669,885 | I | See Footnote | |
| Class C Non-Voting Common Shares, $0.01 par value | holding | — | — | — | 35,850 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are directly owned by The Fairholme Focused Income Fund (the "Fund"), a series of Fairholme Funds, Inc., managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person"). The Reporting Person disclaims beneficial ownership in the Fund except to the extent of his pecuniary interest, if any, therein.
- F2The securities may be deemed to be beneficially owned by the Reporting Person because he controls the sole member of a registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to separate series of a registered investment company and certain private funds and managed accounts. The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3The amount reported in Column 5 accounts for 30,600 shares now held in accounts over which the Reporting Person no longer has beneficial ownership.