Thomas E. O'Hern - 01 Jan 2022 Form 4 Insider Report for MACERICH CO (MAC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
04 Jan 2022, 20:06:23 UTC
Prior SEC filing
14 Feb 2022
Next SEC filing
28 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Lisa R. Pena for Thomas E. O'Hern

Key filing fact

Thomas E. O'Hern filed Form 4 for MACERICH CO (MAC) on 04 Jan 2022.

Key facts

  • This page summarizes Thomas E. O'Hern's Form 4 filing for MACERICH CO (MAC).
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 04 Jan 2022, 20:06.

Change

  • Previous filing in this sequence was filed on 14 Feb 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MAC transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+86,805
Change %
+29%
Price
$0.000000
Shares after
388,546
Date
01 Jan 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
86,805
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

Footnote F2

LTIP Units vest one-third on December 31, 2022, one-third on December 31, 2023 and one-third on December 31, 2024.

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