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Filing Details

Accession Number:: 0000919574-17-000887
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-01 18:05:45
Reporting Period:: 2017-01-30

Filing Date:: 2017-02-01
Accepted Time:: 2017-02-01 18:05:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1628063	Seritage Growth Properties	SRG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1214344	R Bruce Berkowitz	C/O Fairholme Capital Management, L.l.c. 4400 Biscayne Boulevard, 9Th Floor Miami FL 33137		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-01-30	46,000	$40.63	3,620,350	No	4	P	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-01-31	28,600	$40.63	3,648,950	No	4	P	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-01-31	600	$40.63	3,649,550	No	4	P	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-02-01	700	$40.70	5,700,485	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-02-01	700	$40.70	3,649,550	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-02-01	700	$40.70	3,649,550	No	4	J	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class C Non-Voting Common Shares, $0.01 Par Value	35,850	Direct

Footnotes

The securities are held in accounts managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person") and are in the process of being converted to Class C Non-Voting Common Shares, $0.01 par value ("Class C Shares") pursuant to the Exchange Agreement by and among Fairholme Capital Management, L.L.C and Seritage Growth Properties. The Reporting Person does not have any direct or indirect pecuniary interest in the managed accounts because the Reporting Person (i) does not receive any incentive compensation from the managed accounts and (ii) does not have a direct or indirect interest in the managed accounts.
The securities may be deemed to be beneficially owned by the Reporting Person because he controls the sole member of a registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to a registered investment company and certain private funds and managed accounts. The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
The securities were held in an account managed indirectly by the Reporting Person and were sold pursuant to client instructions. The Reporting Person does not have any direct or indirect pecuniary interest in the managed account because the Reporting Person (i) does not receive any incentive compensation from the managed account and (ii) does not have a direct or indirect interest in the managed account.
Due to a contractual restriction on the sale of the Class C Shares, the account sold Class A Common Shares, $0.01 par value ("Class A Shares") in the market while effecting a conversion of its Class C Shares to Class A Shares (via a transfer agent).