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Filing Details

Accession Number:: 0001179110-16-021408
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-08 21:00:24
Reporting Period:: 2016-03-04

Filing Date:: 2016-03-08
Accepted Time:: 2016-03-08 21:00:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
912242	Macerich Co	MAC	Real Estate Investment Trusts (6798)	954448705

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1557099	J. Thomas Leanse	The Macerich Company 401 Wilshire Boulevard, Suite 700 Santa Monica CA 90401	Senior Evp, Clo & Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2016-03-07	16,106	$0.00	17,166	No	4	C	Direct
Common Stock	Disposition	2016-03-07	11,301	$79.18	5,865	No	4	S	Direct
Common Stock	Disposition	2016-03-08	5,865	$78.50	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	LTIP Units	Acquisiton	2016-03-04	15,625	$0.00	15,625	$0.00
Common Stock	OP Units	Disposition	2016-03-07	16,106	$0.00	16,106	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
69,705			No	4	A	Direct
47,340	2015-12-31		No	4	C	Direct

Footnotes

The reporting person redeemed 16,106 units of limited partnership interest ("Units") of The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner. Units are redeemable for an equal number of shares of the Issuer's common stock or, at the election of the Issuer, cash equal to the fair market value of such shares. The Issuer elected to redeem the reporting person's Units with common stock.
The sales price ranged from $79.06-$79.2046.
The reporting person also holds 161 shares in a trust for the benefit of one of his children.
In addition, 50 shares are held by his adult child who is currently sharing the reporting person's household. The reporting person disclaims beneficial ownership of all shares held by this child, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for the purposes of Section 16 or otherwise.
Represents the reporting person's annual incentive award for his 2015 performance which was granted on the date designated by the Compensation Committee for all annual employee and director bonuses and awards consistent with best practices.
Represents units of limited partnership interest in the Partnership, of which the Issuer is the general partner, issued as compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.
None.