BARKLEY JAMES M 4
4 · SIMON PROPERTY GROUP INC /DE/ · Filed Jul 1, 2011
Insider Transaction Report
Form 4
BARKLEY JAMES M
General Counsel
Transactions
- Award
LTIP Units
2011-02-02$0.25/sh+18,618$4,655→ 18,618 total→ Common Stock (18,618 underlying)
Footnotes (2)
- [F1]Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation pursuant to the Operating Partnership's 1998 Stock Incentive Plan in compliance with Rule 16b-3. After vesting, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.
- [F2]On March 16, 2010, the reporting person was awarded a maximum of 23,492 LTIP units, subject to certain performance conditions. On February 2, 2011, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance measures had been achieved during the performance period resulted in 79.3%, or 18,618, of the maximum number of award LTIP units becoming earned LTIP units. The earned LTIP units vest in two equal installments on January 1, 2012 and January 1, 2013.