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