Simon Property Group Inc /De/ - Oct 12, 2021 Form 4 Insider Report for Life Time Group Holdings, Inc. (LTH)

Role
10%+ Owner
Signature
/s/ Steven E. Fivel, as Secretary and General Counsel of Simon Property Group, Inc.
Stock symbol
LTH
Transactions as of
Oct 12, 2021
Transactions value $
$9,230,760
Form type
4
Date filed
10/14/2021, 08:37 PM
Previous filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTH Common Stock Conversion of derivative security +99K +4.95% 2.1M Oct 12, 2021 See footnote F1, F2
transaction LTH Common Stock Purchase $9.23M +513K +24.43% $18.00 2.61M Oct 12, 2021 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LTH Series A Preferred Stock Conversion of derivative security -80.4K -100% 0 Oct 12, 2021 Common Stock 99K See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A preferred stock automatically converted into common stock upon the closing of Life Time Group Holdings, Inc.'s initial public offering in accordance with the Certificate of Designations pertaining to the Series A preferred stock.
F2 The shares of Common Stock and Series A preferred stock are directly held by SLT Investors, LLC, a wholly-owned direct subsidiary of Simon Property Group, L.P. Simon Property Group, Inc. is the sole general partner of Simon Property Group, L.P.

Remarks:

The Reporting Persons may be deemed to be members of a "group" for the purposes of the Securities Exchange Act of 1934 by virtue of being a party to the Life Time Group Holdings, Inc. Third Amended and Restated Stockholders Agreement. Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are not directly owned by the Reporting Person. This report shall not be deemed an admission that the Reporting Persons are a member of a group or the beneficial owner of any securities not directly owned by the Reporting Person. The Reporting Persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein.