Kevin M. Kelly - Aug 4, 2022 Form 3 Insider Report for SIMON PROPERTY GROUP INC /DE/ (SPG)

Signature
Kevin M. Kelly
Stock symbol
SPG
Transactions as of
Aug 4, 2022
Transactions value $
$0
Form type
3
Date filed
8/15/2022, 04:59 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPG Common Stock 2.57K Aug 4, 2022 Direct
holding SPG Common Stock 84 Aug 4, 2022 401 (K) Plan

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
holding SPG Restricted Stock Units Aug 4, 2022 Common Stock 3.09K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") issued pursuant to the Simon Property Group, L.P. 2019 Stock Incentive Plan will vest ratably over a two year period: half on January 1, 2023; and half on January 1, 2024. Vested portions of the RSUs will be settled in shares of Simon Property Group, Inc. (the "Company") common stock as soon as practicable after the vesting date, subject to a continued service requirement, or may vest and settle earlier due to the Reporting Person's death or disability, a change of control of the Company, the retirement of the Reporting Person, subject to the approval of the Company's Compensation Committee, or as may otherwise be determined by the Company's Compensation Committee in accordance with the terms of the grant agreement and the Plan.
F2 Each RSU represents the contingent right to receive, at settlement, one share of common stock of the Company.