0001622517-16-000017.txt : 20160222
0001622517-16-000017.hdr.sgml : 20160222
20160222164142
ACCESSION NUMBER: 0001622517-16-000017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160218
FILED AS OF DATE: 20160222
DATE AS OF CHANGE: 20160222
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: General Growth Properties, Inc.
CENTRAL INDEX KEY: 0001496048
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 272963337
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 110 N. WACKER DRIVE
CITY: CHICAGO
STATE: IL
ZIP: 60606
BUSINESS PHONE: 312-960-5000
MAIL ADDRESS:
STREET 1: 110 N. WACKER DRIVE
CITY: CHICAGO
STATE: IL
ZIP: 60606
FORMER COMPANY:
FORMER CONFORMED NAME: New GGP, Inc.
DATE OF NAME CHANGE: 20100706
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Berman Michael B
CENTRAL INDEX KEY: 0001266261
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34948
FILM NUMBER: 161445530
MAIL ADDRESS:
STREET 1: C/O GENERAL GROWTH PROPERTIES
STREET 2: 110 NORTH WACKER DRIVE
CITY: CHICAGO
STATE: IL
ZIP: 60606
FORMER NAME:
FORMER CONFORMED NAME: BERMAN MICHAEL BRUCE
DATE OF NAME CHANGE: 20031006
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-02-18
0
0001496048
General Growth Properties, Inc.
GGP
0001266261
Berman Michael B
C/O GENERAL GROWTH PROPERTIES
110 NORTH WACKER DRIVE
CHICAGO
IL
60606
0
1
0
0
EVP, Chief Financial Officer
LTIP Units
2016-02-18
4
A
0
243191
0
A
Common Stock
252861
243191
D
The reporting person received a grant of restricted limited partnership interests ("AO LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of General Growth Properties, Inc. (the "Company"), pursuant to the General Growth Properties, Inc. 2010 Equity Incentive Plan. AO LTIP Units are a class of units of the Operating Partnership similar to option awards that, conditioned upon minimum allocations to the capital accounts of the AO LTIP Units for federal income tax purposes, are convertible by the holder into a number of common units of the Operating Partnership ("OP Units") determined by the increase in the value of a share of GGP common stock at the time of conversion over the value of a share of GGP common stock at the time of grant. OP Units are redeemable by the holder for 1.0397624 common shares of the Company per OP Unit or the cash value of such shares, at the Company's option.
The grant vests in 25% increments on each of February 18, 2017, February 18, 2018, February 18, 2019 and February 18, 2020. The right to convert AO LTIP Units into OP Units has a maximum term of 10 years. The right to redeem OP Units does not have an expiration date. AO LTIP Units are generally entitled to distributions equivalent to approximately 10% of the dividends paid on GGP common stock.
/s/ Stacie L. Herron, by power of attorney
2016-02-22