SEC Form 4 · accession 0001179110-15-002342

MACERICH CO · MAC

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

Reporting owner

Officer — Senior EVP, CLO and Secretary

Period of report

Dec 30, 2014

Accepted (ET)

Feb 11, 2015 · 8:00 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000912242

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock	Feb 9, 2015	M	39,932	$59.57	A	40,243	D
Common Stock	Feb 9, 2015	D	27,236	$87.34	D	13,007	D
Common Stock^F1	Feb 9, 2015	C	15,000	$0.00	A	28,007	D
Common Stock^F2,F3,F4,F5	Feb 10, 2015	S	27,500	$87.4564	D	507	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
OP Units^F7,F6,F8	—	Dec 30, 2014	G	2,500	D	Sep 1, 2012	—	Common Stock	2,500	66,555	D
OP Units^F6,F8	—	Feb 4, 2015	G	2,500	D	Sep 1, 2012	—	Common Stock	2,500	86,499	D
OP Units^F1,F8	—	Feb 9, 2015	C	15,000	D	Sep 1, 2012	—	Common Stock	15,000	71,499	D
Stock Appreciation Rights	$59.57	Feb 9, 2015	M	39,932	D	Sep 1, 2012	Sep 1, 2022	Common Stock	39,932	0	D

F1The reporting person redeemed 15,000 units of limited partnership interest ("Units") of The Macerich Partnership, L.P., of which the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's common stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with common stock. The reporting person also holds 10,338 vested performance-based LTIP Units and 7,284 unvested service-based LTIP Units.
F2The sales price ranged from $87.25 to $87.68.
F3The reporting person sold 12,500 shares received upon exercise of his stock appreciation rights and 15,000 shares received upon redemption of his Units. These shares were sold in connection with tax planning.
F4The reporting person also holds 161 shares in a trust for the benefit of one of his children.
F5In addition, 50 shares are held by his adult child who is currently sharing the reporting person's household. The reporting person disclaims beneficial ownership of all shares held by this child, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or otherwise.
F6Redeemable for an equal number of shares of the issuer's common stock or, at the election of the issuer, cash equal to the fair market value of such shares.
F7These securities were gifted to two separate entities.
F8None.