SEC Form 4 · accession 0001179110-15-002393
MACERICH CO · MAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randy L Brant
Officer — EVP, Real Estate
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 7:59 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 10, 2015 | M | 43,204 | $56.633 | A | 76,082 | D | |
| Common Stock | Feb 10, 2015 | D | 27,890 | $87.73 | D | 48,192 | D | |
| Common StockF1,F2,F3 | Feb 11, 2015 | S | 15,314 | $87.6026 | D | 32,878 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights | $56.633 | Feb 10, 2015 | M | 43,204 | D | Mar 15, 2011 | Mar 7, 2018 | Common Stock | 43,204 | 0 | D |
Explanation of responses
- F1These shares were sold in connection with tax planning.
- F2The sales price ranged from $87.42 to $87.74.
- F3In addition, the reporting person holds the following limited partnership units in The Macerich Partnership, L.P., which are generally redeemable upon certain circumstances for an equal number of shares of The Macerich Company's common stock: 43,536 OP Units; 4,135 vested performance-based LTIP Units and 2,913 unvested service-based LTIP Units.