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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted TRG Profits Units (1) (2) (3) | $ 0 | 04/01/2019 | C | 11,607 | (1)(2)(3) | (1) | Common Stock | 11,607 | $ 0 | 0 | D | ||||
Relative TSR Performance-based TRG Profits Units (1) (2) (3) | $ 0 | 04/01/2019 | C | 5,540 | (1)(2)(3) | (1) | Common Stock | 5,540 | $ 0 | 0 | D | ||||
NOI Performance-based TRG Profits Units (1) (2) (3) | $ 0 | 04/01/2019 | C | 7,650 | (1)(2)(3) | (1) | Common Stock | 7,650 | $ 0 | 0 | D | ||||
Units of Limited Partnership | $ 0 | 04/01/2019 | C(1) | 11,607 | (4) | (5) | Common Stock | 11,607 | $ 0 | 11,846 | D | ||||
Units of Limited Partnership | $ 0 | 04/01/2019 | C(1) | 5,540 | (4) | (5) | Common Stock | 5,540 | $ 0 | 17,386 | D | ||||
Units of Limited Partnership | $ 0 | 04/01/2019 | C(1) | 7,650 | (4) | (5) | Common Stock | 7,650 | $ 0 | 25,036 | D | ||||
Units of Limited Partnership | $ 0 | (4) | (5) | Common Stock | 0 | 472,650 | I | By limited liability company 1 (6) | |||||||
Units of Limited Partnership | $ 0 | (4) | (5) | Common Stock | 0 | 1,338,496 | I | By limited liability company 2 (6) | |||||||
Units of Limited Partnership | $ 0 | (7) | (5) | Common Stock | 0 | 22,311,442 | I | By limited liability company 3 (6) | |||||||
Units of Limited Partnership | $ 0 | (8) | (5) | Common Stock | 0 | 5,000 | I | By limited liability company 4 (6) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TAUBMAN WILLIAM S TAUBMAN CENTERS, INC. 200 E. LONG LAKE ROAD, SUITE 300 BLOOMFIELD HILLS, MI 48304 |
Chief Operating Officer |
/s/ Michael S. Ben, Attorney-in-Fact | 04/03/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Restricted TRG Profits Units, Relative TSR Performance-based TRG Profits Units, and NOI Performance-based TRG Profits Units (collectively, "Profits Units") converted to units of limited partnership interest in The Taubman Realty Group Limited Partnership (TRG) (Units of Limited Partnership) on April 1, 2019 upon satisfaction of the tax-driven requirements. |
(2) | Under the Company's Continuing Offer to employees covered by the Omnibus Long-Term Incentive Plans and certain other partners in TRG (including Mr. Taubman and certain LLCs of which he is a member), each Unit of Limited Partnership held by an offeree is exchangeable for one share of the Company's common stock. |
(3) | Upon conversion of the Profits Units to Units of Limited Partnership, the holder has the right to purchase one share of the voting Series B Non-Participating Convertible Preferred Stock of Taubman Centers, Inc. (TCO) (Series B Preferred Stock) for each Unit of Limited Partnership held. The reporting person purchased the same amount of Series B Preferred Stock upon conversion. |
(4) | To avoid duplication, excludes the same number of Series B Preferred Stock held by such persons, which under specified circumstances can be converted into common stock of TCO at a ratio of one share of common stock for each 14,000 shares of Series B Preferred Stock. |
(5) | Not applicable. |
(6) | Mr. Taubman disclaims all beneficial interest in the shares of Series B Preferred Stock and Units of Limited Partnership interest owned by such limited liability company beyond his pecuniary interest therein. |
(7) | A portion of the Units of Limited Partnership are subject to the Continuing Offer referred to in footnote 2 herein. The Units of Limited Partnership are subject to the Cash Tender Agreement, pursuant to which the person has the right to tender to TCO such Units of Limited Partnership, subject to specified conditions, and cause TCO to purchase the tendered interests at a purchase price based on the market price of the common stock of TCO on the trading day immediately prior to the tender date (or, if lower, the market price at the closing of the sale of new shares of common stock of TCO, if TCO elects to pay for the tendered interests from proceeds of an offering of common stock). |
(8) | A majority of the Units of Limited Partnership are subject to the Continuing Offer referred to in footnote 2 herein. |