SEC Form 4 · accession 0000895417-18-000066

EQUITY LIFESTYLE PROPERTIES INC · ELS

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Samuel Zell

Officer — Chairman of the Board · Director

Period of report

Dec 7, 2018

Accepted (ET)

Dec 11, 2018 · 3:39 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000895417

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $.01	Dec 7, 2018	M	200,000	$18.85	A	549,511	D
Common Stock, par value $.01^F1	holding	—	—		—	1,860,717	I	By Trust
Common Stock, par value $.01^F2,F3	holding	—	—		—	17,774	I	By Samstock/Alpha, L.L.C.
Common Stock, par value $.01^F2,F4	holding	—	—		—	892,000	I	By Samstock, L.L.C.
Common Stock, par value $.01^F2,F5	holding	—	—		—	12,006	I	By Samstock/ZGPI, L.L.C.
Common Stock, par value $.01^F6	holding	—	—		—	588,266	I	By Samstock/SZRT, L.L.C.
Common Stock, par value $.01^F2,F7	holding	—	—		—	805,333	I	By KMJZ Investments, L.L.C.
Common Stock, par value $.01^F2,F8	holding	—	—		—	17,774	I	By Samstock/ZFT, L.L.C.
Common Stock, par value $.01^F2,F9	holding	—	—		—	28,000	I	By Spouse

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Non-Qualified Stock Option (Right to Buy)	$18.85	Dec 7, 2018	M	200,000	D	Dec 31, 2009	Feb 2, 2019	Common Stock, par value $.01	200,000	0	D

Explanation of responses

F1These shares of Common Stock are beneficially owned by Samuel Zell Revocable Trust ("Zell Trust"), the trustee of which is Mr. Zell.
F2Mr. Zell disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Zell is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3Samstock/Alpha, L.L.C. is a Delaware limited liability company ("Samstock/Alpha") whose sole member is Alphabet Partners, an Illinois partnership. Alphabet Partners is owned by various trusts established for the benefit of Zell Family, the trustee of which is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares.
F4Samstock, L.L.C. is a Delaware limited liability company whose sole member is SZ Investments, L.L.C., a Delaware limited liability company ("SZ"). The managing member of SZ is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares.
F5Samstock/ZGPI, L.L.C. is a Delaware limited liability company whose sole member is Zell General Partnership, Inc. ("Zell GP"). Sam Investment Trust ("SIT") is the sole stockholder of Zell GP. Chai Trust is the trustee of SIT. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares.
F6Samstock/SZRT,L.L.C is a Delaware limited liability company whose sole member is Zell Trust. Mr. Zell is the sole trustee and beneficiary of Zell Trust.
F7KMJZ Investments, L.L.C., is a Delaware limited liability company, ("KMJZ Investments") is owned by various trusts established for the benefit of Mr. Zell and members of his family (collectively, the "Zell Family"). The trustee of such trusts is Chai Trust Company, L.L.C., an Illinois limited liability company ("Chai Trust"). Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares.
F8Samstock/ZFT, L.L.C. is a Delaware limited liability company whose sole member is ZFT Partnership, and Illinois partnership. ZFT Partnership is owned by various trusts established for the benefit of the Zell Family, the trustee of which is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares.
F9These shares of Common Stock are owned by the Helen Zell Revocable Trust ("HZRT"). Mr. Zell's spouse, Helen Zell, is the trustee of HZRT.