SRG

SEC source: 0000895345-21-000279 · form4.xml · nonDerivative · entry 3

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,554

F3 · shares: Represents grants of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F4 · balance_after: Includes 16,789 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000279 · form4.xml · nonDerivative · entry 2

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,742

F2 · shares: Represents Restricted Share Units earned under the terms of a retention performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on May 2, 2018 and covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vest on May 2, 2021 and will be settled within 30 days thereafter.

F4 · balance_after: Includes 16,789 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000279 · form4.xml · nonDerivative · entry 1

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,479

F1 · shares: Represents Restricted Share Units earned under the terms of an annual performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on March 2, 2018 covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vested on March 5, 2021, when the performance determination was approved, and will be settled within 30 days thereafter.

F4 · balance_after: Includes 16,789 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000277 · form4.xml · nonDerivative · entry 3

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,406

F3 · shares: Represents grants of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F4 · balance_after: Includes 27,378 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000277 · form4.xml · nonDerivative · entry 2

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,073

F2 · shares: Represents Restricted Share Units earned under the terms of a retention performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on May 2, 2018 and covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vest on May 2, 2021 and will be settled within 30 days thereafter.

F4 · balance_after: Includes 27,378 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000277 · form4.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,053

F1 · shares: Represents Restricted Share Units earned under the terms of an annual performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on March 2, 2018 covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vested on March 5, 2021, when the performance determination was approved, and will be settled within 30 days thereafter.

F4 · balance_after: Includes 27,378 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000281 · form4.xml · nonDerivative · entry 1

Lombard Amanda · CIK 0001832321 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,313

F1 · shares: Represents grants of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F2 · balance_after: Includes 4,912 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000280 · form4.xml · nonDerivative · entry 2

Lombard Kenneth T · CIK 0001327762 · EVP, Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,771

F2 · shares: Represents grants of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F3 · balance_after: Includes 21,114 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000280 · form4.xml · nonDerivative · entry 1

Lombard Kenneth T · CIK 0001327762 · EVP, Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,769

F1 · shares: Represents Restricted Share Units earned under the terms of a retention performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on May 2, 2018 and covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vest on May 2, 2021 and will be settled within 30 days thereafter.

F3 · balance_after: Includes 21,114 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000278 · form4.xml · nonDerivative · entry 3

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,550

F3 · shares: Represents grants of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F4 · balance_after: Includes 16,021 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000278 · form4.xml · nonDerivative · entry 2

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,101

F2 · shares: Represents Restricted Share Units earned under the terms of a retention performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on May 2, 2018 and covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vest on May 2, 2021 and will be settled within 30 days thereafter.

F4 · balance_after: Includes 16,021 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000278 · form4.xml · nonDerivative · entry 1

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,838

F1 · shares: Represents Restricted Share Units earned under the terms of an annual performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on March 2, 2018 covering the performance period January 1, 2018 to December 31, 2020. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These Restricted Share Units vested on March 5, 2021, when the performance determination was approved, and will be settled within 30 days thereafter.

F4 · balance_after: Includes 16,021 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-21-000366 · form4.xml · nonDerivative · entry 2

Galvin Andrew · CIK 0001851284 · EVP of Investments

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,570

F2 · shares: Represents grants of RSUs awarded under the Seritage Growth Properties 2015 Share Plan on March 5, 2021 based on a per share grant date value of $21.47. Each of these awards will vest in substantially equal installments on the anniversaries of the date of grant in 2022, 2023 and 2024.

F4 · balance_after: Includes 9,184 unvested RSUs, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-21-000366 · form4.xml · nonDerivative · entry 1

Galvin Andrew · CIK 0001851284 · EVP of Investments

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,572

F1 · shares: Represents Restricted Share Units ("RSUs") earned under the terms of an annual performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on March 2, 2018 covering the performance period January 1, 2018 to December 31, 2020. Such number of RSUs is based on the determination by the compensation committee of the board of trustees of the issuer of the applicable level of performance achievement. These RSUs vested on March 5, 2021, when the performance determination was approved, and were settled on March 16, 2021.

F4 · balance_after: Includes 9,184 unvested RSUs, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000899243-21-009476 · doc4.xml · derivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes (2)(3)(4)(9

Disclosed balance after: 1,859,508

Underlying: Class A Common Shares · 1,859,508 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F7 · shares: Represents Partnership Units that were distributed by Partners on a pro rata basis to certain limited partners that elected in 2021 to redeem all of their direct or indirect interest in Partners.

F8 · derivative.expiration_date: The Partnership Units do not expire.

F6 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F9 · ownership.nature: Represents Partnership Units directly beneficially owned by Partners.

SEC source: 0000899243-21-009476 · doc4.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 293,101

F1 · shares: Represents Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"), that were distributed by ESL Partners, L.P. ("Partners") on a pro rata basis to certain limited partners that elected in 2021 to redeem all of their direct or indirect interest in Partners.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F5 · ownership.nature: Represents Class A Shares directly beneficially owned by Partners.

SEC source: 0000899243-20-034986 · doc4.xml · derivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 3,518,363

Underlying: Class A Common Shares · 3,518,363 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F7 · shares: Represents Partnership Units that were distributed by Partners on a pro rata basis to certain limited partners that elected in 2020 to redeem all of their interest in Partners.

F8 · derivative.expiration_date: The Partnership Units do not expire.

F6 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F9 · ownership.nature: Represents Partnership Units directly beneficially owned by Partners.

SEC source: 0000899243-20-034986 · doc4.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 554,573

F1 · shares: Represents Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"), that were distributed by ESL Partners, L.P. ("Partners") on a pro rata basis to certain limited partners that elected in 2020 to redeem all of their interest in Partners.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F5 · ownership.nature: Represents Class A Shares directly beneficially owned by Partners.

SEC source: 0000895345-20-000914 · form4.xml · nonDerivative · entry 1

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,501

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.55 to $15.11, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · balance_after: Includes 12,480 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000641 · form4.xml · nonDerivative · entry 1

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,124

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 5,387 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000639 · form4.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,947

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 8,788 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000642 · form4.xml · nonDerivative · entry 1

Schall Benjamin · CIK 0001544531 · Director · CEO, President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 292,202

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 41,380 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000640 · form4.xml · nonDerivative · entry 1

Lombard Kenneth T · CIK 0001327762 · EVP, Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,259

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 7,034 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000638 · form4.xml · nonDerivative · entry 1

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,501

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 12,480 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-20-000637 · form4.xml · nonDerivative · entry 1

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,939

F1 · shares: Represents a grant of Restricted Share Units ("RSUs") under the Seritage Growth Properties 2015 Share Plan to adjust the number of RSUs attributable to "Tranche 3" of the time-vested portion of the 2018 Incentive Award pursuant to the terms of such award. These additional RSUs have the same vesting schedule as the RSUs originally granted under the 2018 Incentive Award which vested or will vest in three substantially equal installments on May 2, 2019, May 2, 2020 and May 2, 2021; therefore two-thirds of the additional RSUs were considered vested as of the date of grant and one-third will vest on May 2, 2021.

F2 · balance_after: Includes 4,625 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000899243-20-008485 · doc4.xml · derivative · entry 4

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,484,543

Underlying: Class A Common Shares · 13,484,543 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F9 · kind: The Issuer elected to redeem the 1,289,479 Partnership Units of Mr. Lampert with 1,289,479 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Mr. Lampert, is exempt from Section 16 of the Exchange Act, pursuant to Rule 16b-6(b) thereunder.

F8 · shares: Mr. Lampert redeemed 1,289,479 Partnership Units of the Operating Partnership, of which the Issuer is the general partner.

F2 · price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F9 · price: The Issuer elected to redeem the 1,289,479 Partnership Units of Mr. Lampert with 1,289,479 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Mr. Lampert, is exempt from Section 16 of the Exchange Act, pursuant to Rule 16b-6(b) thereunder.

F10 · derivative.expiration_date: The Partnership Units do not expire.

F2 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F4 · ownership.direct: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F5 · ownership.direct: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

SEC source: 0000899243-20-008485 · doc4.xml · derivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 3,770,102

Underlying: Class A Common Shares · 3,770,102 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F3 · kind: The Issuer elected to redeem the 360,521 Partnership Units of Partners with 360,521 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Partners, is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-6(b) thereunder.

F1 · shares: ESL Partners, L.P. ("Partners") redeemed 360,521 limited partnership interests ("Partnership Units") of Seritage Growth Properties, L.P. (the "Operating Partnership"), of which Seritage Growth Properties (the "Issuer") is the general partner.

F2 · price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F3 · price: The Issuer elected to redeem the 360,521 Partnership Units of Partners with 360,521 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Partners, is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-6(b) thereunder.

F10 · derivative.expiration_date: The Partnership Units do not expire.

F2 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F4 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F5 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F6 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F11 · ownership.nature: Represents Partnership Units directly beneficially owned by Partners.

SEC source: 0000899243-20-008485 · doc4.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,936,384

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F8 · shares: Mr. Lampert redeemed 1,289,479 Partnership Units of the Operating Partnership, of which the Issuer is the general partner.

F2 · price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F9 · price: The Issuer elected to redeem the 1,289,479 Partnership Units of Mr. Lampert with 1,289,479 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Mr. Lampert, is exempt from Section 16 of the Exchange Act, pursuant to Rule 16b-6(b) thereunder.

F4 · ownership.direct: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F5 · ownership.direct: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

SEC source: 0000899243-20-008485 · doc4.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 594,253

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: ESL Partners, L.P. ("Partners") redeemed 360,521 limited partnership interests ("Partnership Units") of Seritage Growth Properties, L.P. (the "Operating Partnership"), of which Seritage Growth Properties (the "Issuer") is the general partner.

F2 · price: Pursuant to the agreement of limited partnership of the Operating Partnership, the Partnership Units of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A common shares of beneficial interest of the Issuer, par value $0.01 per share ("Class A Shares"), at the rate of one Class A Share for each Partnership Unit redeemed.

F3 · price: The Issuer elected to redeem the 360,521 Partnership Units of Partners with 360,521 Class A Shares. The redemption of Partnership Units by the Issuer with Class A Shares, and the receipt of such Class A Shares by Partners, is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-6(b) thereunder.

F4 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F5 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F6 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F7 · ownership.nature: Represents Class A Shares directly beneficially owned by Partners.

SEC source: 0000895345-20-000482 · form4.xml · nonDerivative · entry 2

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,721

F2 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F3 · balance_after: Includes 6,313 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000482 · form4.xml · nonDerivative · entry 1

Rottler Mary · CIK 0001646992 · EVP of Leasing & Operations

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,067

F1 · shares: Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020 and the remaining half will vest on January 1, 2021, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.

SEC source: 0000895345-20-000480 · form4.xml · nonDerivative · entry 2

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,409

F2 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F3 · balance_after: Includes 10,021 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000480 · form4.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,791

F1 · shares: Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020 and the remaining half will vest on January 1, 2021, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.

SEC source: 0000895345-20-000483 · form4.xml · nonDerivative · entry 2

Schall Benjamin · CIK 0001544531 · Director · CEO, President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 287,721

F2 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F3 · balance_after: Includes 51,644 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000483 · form4.xml · nonDerivative · entry 1

Schall Benjamin · CIK 0001544531 · Director · CEO, President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 272,021

F1 · shares: Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. The reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020.

SEC source: 0000895345-20-000479 · form4.xml · nonDerivative · entry 2

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,963

F2 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F3 · balance_after: Includes 13,713 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000479 · form4.xml · nonDerivative · entry 1

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,845

F1 · shares: Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020 and the remaining half will vest on January 1, 2021, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.

SEC source: 0000895345-20-000481 · form4.xml · nonDerivative · entry 1

Lombard Kenneth T · CIK 0001327762 · EVP, Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,990

F1 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F2 · balance_after: Includes 7,650 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000478 · form4.xml · nonDerivative · entry 2

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,536

F2 · shares: Represents a grant of Restricted Share Units awarded under the Seritage Growth Properties 2015 Share Plan on March 2, 2020 based on a per share grant date value of $33.44. This award will vest in substantially equal installments on the anniversaries of the date of grant in 2021, 2022 and 2023.

F3 · balance_after: Includes 5,551 unvested Restricted Share Units, as of the date of this filing, after taking into account the transactions reported herein.

SEC source: 0000895345-20-000478 · form4.xml · nonDerivative · entry 1

Bry James Edwin · CIK 0001644905 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,335

F1 · shares: Represents Restricted Share Units awarded under the terms of a performance award previously granted to the reporting person under the Seritage Growth Properties 2015 Share Plan on February 27, 2017 based on a per share grant date value of $47.31 and covering the performance period January 1, 2017 to December 31, 2019. Such number of Restricted Share Units is based on the determination by the compensation committee of the board of directors of the issuer of the applicable level of performance achievement. Half of the reported number of Restricted Share Units vested on March 2, 2020, when the performance determination was approved, and were settled in Class A common shares of the issuer on March 25, 2020 and the remaining half will vest on January 1, 2021, subject to the reporting person's continued employment with the issuer, and will be settled within 30 days thereafter.

SEC source: 0001567619-20-001688 · doc1.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,228

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of performance-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 7,928 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0001567619-20-001687 · doc1.xml · nonDerivative · entry 1

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,285

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of performance-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 10,464 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000899243-19-028951 · doc4.xml · derivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,130,623

Underlying: Class A Common Shares · 4,130,623 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F7 · shares: Represents Partnership Units that were distributed by Partners on a pro rata basis to certain limited partners that elected in 2019 to redeem a portion of their interest in Partners.

F8 · derivative.expiration_date: The Partnership Units do not expire.

F6 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F9 · ownership.nature: Represents Partnership Units directly beneficially owned by Partners.

SEC source: 0000899243-19-028951 · doc4.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 233,732

F1 · shares: Represents Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"), that were distributed by ESL Partners, L.P. ("Partners") on a pro rata basis to certain limited partners that elected in 2019 to redeem a portion of their interest in Partners.

F2 · ownership.nature: This statement is filed by and on behalf of Edward S. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F5 · ownership.nature: Represents Class A Shares directly beneficially owned by Partners.

SEC source: 0000899243-19-021731 · doc4.xml · derivative · entry 4

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,774,022

Underlying: Class A Common Shares · 14,774,022 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F7 · shares: Represents a cross-trade between Partners and Mr. Lampert, in which Partners disposed of and Mr. Lampert acquired Partnership Units. The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.

F8 · derivative.expiration_date: The Partnership Units do not expire.

F6 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F2 · ownership.direct: This statement is filed by and on behalf of Mr. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.direct: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

SEC source: 0000899243-19-021731 · doc4.xml · derivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,199,465

Underlying: Class A Common Shares · 4,199,465 shares

Expires not disclosed

F6 · derivative.exercise_price: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F7 · shares: Represents a cross-trade between Partners and Mr. Lampert, in which Partners disposed of and Mr. Lampert acquired Partnership Units. The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.

F8 · derivative.expiration_date: The Partnership Units do not expire.

F6 · derivative.underlying_shares: Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.

F2 · ownership.nature: This statement is filed by and on behalf of Mr. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F9 · ownership.nature: Represents Partnership Units directly beneficially owned by Partners.

SEC source: 0000899243-19-021731 · doc4.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 646,905

F1 · shares: Represents a cross-trade between ESL Partners, L.P. ("Partners") and Edward S. Lampert, in which Partners disposed of and Mr. Lampert acquired Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"). The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.

F2 · ownership.direct: This statement is filed by and on behalf of Mr. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.direct: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

SEC source: 0000899243-19-021731 · doc4.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · Trustee

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 237,629

F1 · shares: Represents a cross-trade between ESL Partners, L.P. ("Partners") and Edward S. Lampert, in which Partners disposed of and Mr. Lampert acquired Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"). The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.

F2 · ownership.nature: This statement is filed by and on behalf of Mr. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.

F3 · ownership.nature: The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.

F4 · ownership.nature: RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.

F5 · ownership.nature: Represents Class A Shares directly beneficially owned by Partners.

SEC source: 0001567619-19-014584 · doc1.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · General Counsel and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,771

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 9,314 unvested RSUs and Restricted Shares, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0001567619-19-014585 · doc1.xml · nonDerivative · entry 1

Dickman Brian Robert · CIK 0001600056 · CFO and EVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,383

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 12,674 unvested RSUs and Restricted Shares, as of the date of this filing, after taking into account the transaction reported herein.