SEC Form 4 · accession 0001179110-16-025891
MACERICH CO · MAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Perlmutter
Officer — Senior EVP and COO
Period of report
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 8:26 pm EDT
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,F2 | May 31, 2016 | A | 267 | $64.87 | A | 16,519 | I | Revocable Trust |
| Common StockF3 | May 31, 2016 | F | 16 | $76.32 | D | 16,503 | I | Revocable Trust |
| Common StockF5,F6 | Jun 1, 2016 | S | 1,500 | $76.4396 | D | 15,003 | I | Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person is voluntarily reporting the acquisition of the issuer's common stock pursuant to the issuer's Employee Stock Purchase Plan ("ESPP") for the six month ESPP offering period ended May 31, 2016. This transaction is exempt pursuant to Rule 16b-3(c).
- F2In accordance with the ESPP, the shares were purchased at a 15% discount from the closing price of the issuer's common stock on May 31, 2016.
- F3Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the reporting person's acquisition of shares pursuant to the ESPP on May 31, 2016.
- F4The sales reported were automatic pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 9, 2016.
- F5The sales price ranged from $76.19 to $76.72.
- F6In addition, the reporting person holds the following limited partnership units in The Macerich Partnership, L.P., of which the issuer is the general partner, which are generally redeemable upon certain circumstances for an equal number of shares of The Macerich Company's common stock: 54,178 OP Units; 54,836 vested LTIP Units and 8,060 unvested service-based LTIP Units.