0001209191-14-051929.txt : 20140813
0001209191-14-051929.hdr.sgml : 20140812
20140812172244
ACCESSION NUMBER: 0001209191-14-051929
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140808
FILED AS OF DATE: 20140812
DATE AS OF CHANGE: 20140812
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DDR CORP
CENTRAL INDEX KEY: 0000894315
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 341723097
STATE OF INCORPORATION: OH
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3300 ENTERPRISE PARKWAY
CITY: BEACHWOOD
STATE: OH
ZIP: 44122
BUSINESS PHONE: 2167555500
MAIL ADDRESS:
STREET 1: 3300 ENTERPRISE PARKWAY
CITY: BEACHWOOD
STATE: OH
ZIP: 44122
FORMER COMPANY:
FORMER CONFORMED NAME: DEVELOPERS DIVERSIFIED REALTY CORP
DATE OF NAME CHANGE: 19940218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Otto Alexander
CENTRAL INDEX KEY: 0001462468
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-11690
FILM NUMBER: 141035028
MAIL ADDRESS:
STREET 1: C/O KG CURA VERMOGENSVERWALTUNG G.M.B.H.
STREET 2: WANDSBEKER STR. 3-7
CITY: HAMBURG
STATE: 2M
ZIP: 22179
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-08-08
0
0000894315
DDR CORP
DDR
0001462468
Otto Alexander
KG CURA VERMOGENSVERWALTUNG G.M.B.H.&CO.
WANDSBEKER STR. 3-7
HAMBURG
2M
22179
GERMANY
0
0
1
0
Call Option (obligation to sell)
15.6016
2014-08-08
5
E
0
E
6810538
0.00
D
Common Stock
6810538
0
D
Call Option (obligation to sell)
15.5692
2014-08-08
4
S
0
6810538
0.00
D
Common Stock
6810538
6810538
D
On August 8, 2014, the covered call option written by Mr. Alexander Otto ("Mr. Otto") pursuant to the second amended covered call option agreement (the "Second Amended Covered Call Agreement"), dated June 18, 2013, to cover a period of 12 months, was cancelled and rolled forward into the Third Amended Covered Call Agreement (as defined and discussed in Footnotes 3 and 4). Pursuant to the Second Amended Covered Call Agreement, Mr. Otto wrote a covered call option with respect to 6,810,538 shares beneficially owned by Mr. Otto, which was separated into 15 separate components containing an aggregate amount of 6,810,538 call options: 14 of which contain 454,035 call options and 1 of which contains 454,048 call options. (Continued to Footnote 2)
(Continued from Footnote 1) All of the call options under the Second Amended Covered Call Agreement had an exercise price of $15.6016 per share, which was determined on June 18, 2013. There was no premium for Mr. Otto under the Second Amended Covered Call Agreement. (Continued to Footnote 3)
(Continued from Footnote 2) Each of the 14 components containing 454,035 call options would have expired on August 15, 18, 19, 20, 21, 22, 25, 26, 27, 28 and 29, 2014 and September 2, 3, and 4, 2014, respectively, and the component containing 454,048 call options would have expired on September 5, 2014 (for each component, the "Second Amended Expiration Date"). The call options constituting each component of the covered call option could have been exercised only on the Second Amended Expiration Date for that component. The underlying shares with respect to the options are pledged by Mr. Otto until such time as the options expire. (Continued to Footnote 4)
(Continued from Footnote 3) On August 8, 2014, Mr. Otto rolled forward the Second Amended Covered Call Agreement by amending and restating the terms and conditions of the Second Amended Covered Call Agreement (as amended and restated, the "Third Amended Covered Call Agreement"). In the Third Amended Covered Call Agreement, the exercise price was decreased and the expiration or maturity dates of the call options were extended. The amount of shares subject to the Third Amended Covered Call Agreement remains the same. Pursuant to the Third Amended Covered Call Agreement, Mr. Otto wrote a covered call option with respect to 6,810,538 shares beneficially owned by Mr. Otto, which is separated into 15 separate components containing an aggregate amount of 6,810,538 call options: 14 of which contain 454,035 call options and 1 of which contains 454,048 call options. (Continued to Footnote 5)
(Continued from Footnote 4) All of the call options under the Third Amended Covered Call Agreement have an exercise price of $15.5692, which was determined on August 8, 2014. There is no premium for Mr. Otto under the Third Amended Covered Call Agreement. (Continued to Footnote 6)
(Continued from Footnote 5) Each of the 14 components containing 454,035 call options expires on August 17, 18, 19, 20, 21, 24, 25, 26, 27, 28, and 31, 2015 and September 1, 2 and 3, 2015, respectively, and the component containing 454,048 call options expires on September 4, 2015 (for each component, the "Third Amended Expiration Date"). The call options constituting each component of the covered call option may be exercised only on the Third Amended Expiration Date for that component. The underlying shares with respect to the options are pledged by Mr. Otto until such time as the options expire.
/s/ Henning Eggers, By: Henning Eggers, managing director of KG CURA Vermogensverwaltung G.m.b.H. & Co,, For: Alexander Otto
2014-08-12