SEC Form 4 · accession 0001179110-16-020112
MACERICH CO · MAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J. Leanse
Officer — Senior EVP, CLO and Secretary
Period of report
Feb 22, 2016
Accepted (ET)
Feb 24, 2016 · 8:52 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 StockF1 | Feb 22, 2016 | C | 8,053 | $0.00 | A | 8,560 | D | |
| Common StockF2,F3 | Feb 22, 2016 | S | 7,500 | $78.8924 | D | 1,060 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF1,F4 | — | Feb 22, 2016 | C | 8,053 | D | Dec 31, 2015 | — | Common Stock | 8,053 | 63,446 | D |
Explanation of responses
- F1The reporting person redeemed 8,053 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 45,553 vested LTIP Units and 8,527 unvested service-based LTIP Units.
- F2The reporting person also holds 161 shares in a trust for the benefit of one of his children.
- F3In 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.
- F4None.