SEC Form 4 · accession 0000919574-17-008506

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

Dec 4, 2017

Accepted (ET)

Dec 6, 2017 · 7:04 pm EST

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 C Non-Voting Common Shares, $0.01 par value^F2	Dec 4, 2017	J	62,900	$40.05	D	3,290,781	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 4, 2017	J	62,900	$40.05	A	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 4, 2017	J	62,900	$40.05	D	3,618,650	I	See Footnote
Class C Non-Voting Common Shares, $0.01 par value	Dec 4, 2017	J	14,900	$40.05	D	568,598	D
Class A Common Shares, $0.01 par value	Dec 4, 2017	J	14,900	$40.05	A	0	D
Class A Common Shares, $0.01 par value	Dec 4, 2017	J	14,900	$40.05	D	0	D
Class C Non-Voting Common Shares, $0.01 par value^F2	Dec 4, 2017	J	200	$40.05	D	3,290,581	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 4, 2017	J	200	$40.05	A	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 4, 2017	J	200	$40.05	D	3,618,650	I	See Footnote
Class C Non-Voting Common Shares, $0.01 par value^F2	Dec 5, 2017	J	5,500	$40.06	D	3,285,081	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	5,500	$40.06	A	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	5,500	$40.06	D	3,618,650	I	See Footnote
Class C Non-Voting Common Shares, $0.01 par value^F2	Dec 5, 2017	J	40,800	$40.02	D	3,244,281	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	40,800	$40.02	A	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	40,800	$40.02	D	3,618,650	I	See Footnote
Class C Non-Voting Common Shares, $0.01 par value	Dec 5, 2017	J	10,900	$40.02	D	557,698	D
Class A Common Shares, $0.01 par value	Dec 5, 2017	J	10,900	$40.02	A	0	D
Class A Common Shares, $0.01 par value	Dec 5, 2017	J	10,900	$40.02	D	0	D
Class C Non-Voting Common Shares, $0.01 par value^F2	Dec 5, 2017	J	8,300	$40.02	D	3,235,981	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	8,300	$40.02	A	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 5, 2017	J	8,300	$40.02	D	3,618,650	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 6, 2017	S	18,600	$40.04	D	3,600,050	I	See Footnote
Class A Common Shares, $0.01 par value^F2	Dec 6, 2017	J	177,752	$0.00	D	3,422,298	I	See Footnote
Class C Non-Voting Common Shares, $0.01 par value^F7,F2	Dec 6, 2017	J	177,752	$0.00	A	3,395,883	I	See Footnote

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The securities were held in account(s) managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person"). The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
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 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.
F3Due to a contractual restriction on the sale of the Class C Non-Voting Common Shares, $0.01 par value ("Class C Shares"), the account(s) sold Class A Common Shares, $0.01 par value ("Class A Shares") in the market while effecting a conversion of its Class C Shares to Class A Shares (via a transfer agent).
F4The securities were held in account(s) managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the account(s) except to the extent of his pecuniary interest, if any therein.
F5The securities are held in account(s) managed indirectly by the Reporting Person and were converted to Class C Shares pursuant to the Exchange Agreement by and among Fairholme Capital Management, L.L.C and Seritage Growth Properties. The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
F6The reported securities were directly owned by The Fairholme Allocation Fund, a series of Fairholme Funds, Inc. (the "Allocation Fund"), managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the Allocation Fund except to the extent of his pecuniary interest, if any, therein.
F7The amount reported in Column 5 accounts for 17,850 shares now held in account(s) over which the Reporting Person no longer has beneficial ownership.