0001710417-17-000001.txt : 20170705
0001710417-17-000001.hdr.sgml : 20170705
20170705180325
ACCESSION NUMBER: 0001710417-17-000001
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170701
FILED AS OF DATE: 20170705
DATE AS OF CHANGE: 20170705
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: GGP 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: General Growth Properties, Inc.
DATE OF NAME CHANGE: 20101109
FORMER COMPANY:
FORMER CONFORMED NAME: New GGP, Inc.
DATE OF NAME CHANGE: 20100706
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CHUPAILA JARED
CENTRAL INDEX KEY: 0001710417
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34948
FILM NUMBER: 17949587
MAIL ADDRESS:
STREET 1: C/O GGP INC.
STREET 2: 110 NORTH WACKER DRIVE
CITY: CHICAGO
STATE: IL
ZIP: 60606
3
1
primary_doc.xml
PRIMARY DOCUMENT
X0206
3
2017-07-01
0
0001496048
GGP Inc.
GGP
0001710417
CHUPAILA JARED
C/O GGP INC.
110 NORTH WACKER DRIVE
CHICAGO
IL
60606
0
1
0
0
EVP, Leasing
Common Stock
17390
D
Stock Options (Right to Buy)
19.05
2023-01-07
Common Stock
20366
D
Stock Options (Right to Buy)
20.01
2023-08-15
Common Stock
50517
D
Stock Options (Right to Buy)
20.4
2023-11-12
Common Stock
50594
D
LTIP Units
0
Common Stock
13413
D
LTIP Units
0
Common Stock
4525
D
LTIP Units
Common Stock
20181
D
LTIP Units
Commonn Stock
76563
D
Includes 14,289 shares of unvested Restricted Stock.
Options were granted on January 7, 2013 and vest 20% a year starting on January 7, 2014.
Options were granted on August 15, 2013 and vest 25% a year starting on August 15, 2014.
Options were granted on November 12, 2013 and vest 25% a year starting on November 12, 2014.
The reporting person received a grant of restricted limited partnership interests ("Limited FV LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of GGP Inc. (the "Company"), pursuant to the Company's 2010 Equity Incentive Plan. Limited FV LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the Limited FV LTIP Units for federal income tax purposes, are convertible by the holder into an equivalent number of common units of the
Operating Partnership ("OP Units"), which are redeemable by the holder for common shares of the Company on an approximately one-for-one basis or the cash value of such shares, at the Company's option. Allocations to the capital accounts of Limited FV LTIP Units will be made only to the extent the book gains exceed prior book losses incurred since the issuance of such Limited FV LTIP Units.
The January 6, 2015 grant vests in 25% increments on each of January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019. The rights to convert Limited FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.
The January 6, 2017 grant vests in 25% increments on each of January 6, 2018, January 6, 2019, January 6, 2020 and January 6, 2021. The rights to convert Limited FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.
The reporting person received a grant of restricted limited partnership interests ("AO LTIP Units") in the Operating Partnership, pursuant
to the Company's 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 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. 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.
The January 6, 2015 grant vests in 25% increments on each of January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019.
The February 18, 2016 grant vests in 25% increments on each of February 18, 2017, February 18, 2018, February 18, 2019 and February 18, 2020.
/s/ Stacie L. Herron, by power of attorney
2017-07-05