person · Reporting owner

ACKMAN WILLIAM A

Disclosed activity across 23 companies

Tapewire entity: 14277
SEC CIK: 0001056513

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
BARNES & NOBLE INCBKS · Entity 17123	See footnote (1)	September 19, 2008	September 19, 2008
BORDERS GROUP INCBGP · Entity 16843	10% owner	July 25, 2011	July 27, 2011
CERIDIAN CORP /DE/CEN · Entity 17329	10% owner	February 28, 2007	March 01, 2007
FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTSFUR · Entity 17754	Former 10% Owner	June 27, 2003	July 02, 2003
Howard Hughes CorpHHC · Entity 15317	Director · 10% owner	August 16, 2023	August 18, 2023
Howard Hughes Holdings Inc.HHH · Entity 4080	Director · 10% owner	June 04, 2026	June 08, 2026
OLD STONE CORPOSTN · Entity 17187	10% owner	December 31, 2007	February 14, 2008
PERSHING SQUARE INC.PS · Entity 3337	Director · CEO & Chairman · 10% owner	August 17, 2026	August 19, 2026
Pershing Square SPARC Holdings, Ltd./DEN/A · Entity 14746	Director · Chief Executive Officer · 10% owner	April 21, 2026	April 24, 2026
Pershing Square Tontine Holdings, Ltd.PSTH · Entity 15779	Director · Chief Executive Officer · 10% owner	July 21, 2020	July 23, 2020
Pershing Square USA, Ltd.PSUS · Entity 9114	Chief Executive Officer	April 30, 2026	May 01, 2026
SIMON WORLDWIDE INCSWWI · Entity 17603	10% owner	October 15, 2004	October 21, 2004
Seaport Entertainment Group Inc.SEG · Entity 5834	Director · 10% owner	April 21, 2026	April 24, 2026
WENDYS INTERNATIONAL INCWEN · Entity 17430	10% owner	March 17, 2006	March 17, 2006

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

BARNES & NOBLE INC

Report date September 19, 2008 · Filed September 19, 2008 · Amendment

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC, Pershing Square GP, LLC

Amendment: balances below belong to this corrected disclosure, not necessarily a complete replacement of earlier positions.

This filing explicitly reported no securities owned.

BORDERS GROUP INC

Report date July 25, 2011 · Filed July 27, 2011

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC, Pershing Square GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	7	Reported balance After 2011-07-25 transaction · row 1 Instrument identity requires review; Table II rows are not merged. 1 source row Row 1 · 2011-07-25 · Other · Disposed 1 · Balance 7 F1: The Reporting Person, for the account of Pershing Square International, Ltd. ("PSIL"), entered into a cash-settled total return swap (the "First Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 8, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the First Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.72 for each of the 1,770,100 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), F2: (continued from footnote 1) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.72 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. The First Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per First Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per First Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	6	Reported balance After 2011-07-25 transaction · row 2 Instrument identity requires review; Table II rows are not merged. 1 source row Row 2 · 2011-07-25 · Other · Disposed 1 · Balance 6 F3: The Reporting Person, for the account of Pershing Square, L.P. ("PSI"), entered into a cash-settled total return swap (the "Second Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Second Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.93 for each of the 256,600 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), F4: (continued from footnote 3) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.93 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Second Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	5	Reported balance After 2011-07-25 transaction · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · 2011-07-25 · Other · Disposed 1 · Balance 5 F5: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Third Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Third Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.93 for each of the 343,400 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), F6: (continued from footnote 5) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.93 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Third Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	4	Reported balance After 2011-07-25 transaction · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · 2011-07-25 · Other · Disposed 1 · Balance 4 F7: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Fourth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fourth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.29 for each of the 268,474 notional BGP common shares subject to the swap (the "Fourth Swap Reference Shares"), F8: (continued from footnote 7) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.29 for each of the Fourth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fourth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fourth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Fourth Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	3	Reported balance After 2011-07-25 transaction · row 5 Instrument identity requires review; Table II rows are not merged. 1 source row Row 5 · 2011-07-25 · Other · Disposed 1 · Balance 3 F9: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Fifth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fifth Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.29 for each of the 366,526 notional BGP common shares subject to the swap (the "Fifth Swap Reference Shares"), F10: (continued from footnote 9) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.29 for each of the Fifth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fifth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fifth Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Fifth Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	2	Reported balance After 2011-07-25 transaction · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · 2011-07-25 · Other · Disposed 1 · Balance 2 F11: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Sixth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Sixth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.36 for each of the 126,461 notional BGP common shares subject to the swap (the "Sixth Swap Reference Shares"), F12: (continued from footnote 11) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.36 for each of the Sixth Swap Reference Shares, plus any dividends paid during the life of the swap. The Sixth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Sixth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Sixth Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	1	Reported balance After 2011-07-25 transaction · row 7 Instrument identity requires review; Table II rows are not merged. 1 source row Row 7 · 2011-07-25 · Other · Disposed 1 · Balance 1 F13: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Seventh Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Seventh Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.36 for each of the 178,703 notional BGP common shares subject to the swap (the "Seventh Swap Reference Shares"), F14: (continued from footnote 13) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.36 for each of the Seventh Swap Reference Shares, plus any dividends paid during the life of the swap. The Seventh Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Seventh Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Seventh Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.
Cash Settled Total Return SwapSEC Table II · derivative / convertible security · Conversion / exercise price $0.16 · Expires 2011-07-29	IndirectSee footnote	0	Reported balance After 2011-07-25 transaction · row 8 Instrument identity requires review; Table II rows are not merged. 1 source row Row 8 · 2011-07-25 · Other · Disposed 1 · Balance 0 F15: The Reporting Person, for the account of Pershing Square II, L.P. ("PSII"), entered into a cash-settled total return swap (the "Eighth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Eighth Swap, (i) PSII was obligated to pay the counterparty any negative price performance under $9.36 for each of the 1,736 notional BGP common shares subject to the swap (the "Eighth Swap Reference Shares"), F16: (continued from footnote 15) plus interest, and (ii) the counterparty was obligated to pay PSII any positive price performance over $9.36 for each of the Eighth Swap Reference Shares, plus any dividends paid during the life of the swap. The Eighth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Eighth Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Eighth Swap Reference Share. F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.

Filing footnotes · ownership attribution and instrument terms

F1: The Reporting Person, for the account of Pershing Square International, Ltd. ("PSIL"), entered into a cash-settled total return swap (the "First Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 8, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the First Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.72 for each of the 1,770,100 notional BGP common shares subject to the swap (the "First Swap Reference Shares"),

F2: (continued from footnote 1) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.72 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. The First Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per First Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per First Swap Reference Share.

F3: The Reporting Person, for the account of Pershing Square, L.P. ("PSI"), entered into a cash-settled total return swap (the "Second Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Second Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.93 for each of the 256,600 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"),

F4: (continued from footnote 3) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.93 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Second Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share.

F5: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Third Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Third Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.93 for each of the 343,400 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"),

F6: (continued from footnote 5) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.93 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Third Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share.

F7: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Fourth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fourth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.29 for each of the 268,474 notional BGP common shares subject to the swap (the "Fourth Swap Reference Shares"),

F8: (continued from footnote 7) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.29 for each of the Fourth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fourth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fourth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Fourth Swap Reference Share.

F9: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Fifth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fifth Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.29 for each of the 366,526 notional BGP common shares subject to the swap (the "Fifth Swap Reference Shares"),

F10: (continued from footnote 9) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.29 for each of the Fifth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fifth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fifth Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Fifth Swap Reference Share.

F11: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Sixth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Sixth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.36 for each of the 126,461 notional BGP common shares subject to the swap (the "Sixth Swap Reference Shares"),

F12: (continued from footnote 11) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.36 for each of the Sixth Swap Reference Shares, plus any dividends paid during the life of the swap. The Sixth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Sixth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Sixth Swap Reference Share.

F13: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Seventh Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Seventh Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.36 for each of the 178,703 notional BGP common shares subject to the swap (the "Seventh Swap Reference Shares"),

F14: (continued from footnote 13) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.36 for each of the Seventh Swap Reference Shares, plus any dividends paid during the life of the swap. The Seventh Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Seventh Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Seventh Swap Reference Share.

F15: The Reporting Person, for the account of Pershing Square II, L.P. ("PSII"), entered into a cash-settled total return swap (the "Eighth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Eighth Swap, (i) PSII was obligated to pay the counterparty any negative price performance under $9.36 for each of the 1,736 notional BGP common shares subject to the swap (the "Eighth Swap Reference Shares"),

F16: (continued from footnote 15) plus interest, and (ii) the counterparty was obligated to pay PSII any positive price performance over $9.36 for each of the Eighth Swap Reference Shares, plus any dividends paid during the life of the swap. The Eighth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Eighth Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Eighth Swap Reference Share.

F17: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein.

F18: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any.

CERIDIAN CORP /DE/

Report date February 28, 2007 · Filed March 01, 2007

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC, Pershing Square GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnotes	20,532,734	Reported balance After 2007-02-28 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2007-02-28 · Purchase · Acquired 808,400 · Balance 20,532,734 F1: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by PS Management GP, LLC ("PS Management"), Pershing Square GP, LLC ("PSGP") and William A. Ackman, each of whom has the same business address as PS Capital and may be deemed to have a pecuniary interest in securities beneficially owned by the investment funds referred to herein. F2: Represents 8,980,821 shares held for the account of Pershing Square, L.P. ("PSI"), 111,899 shares held for the account of Pershing Square II, L.P. ("PSII") and 11,440,014 shares held for the account of Pershing Square International, Ltd. ("PSIL"). Each of PSI, PSII and PSIL is an investment fund for which PS Capital acts as investment advisor and may be deemed the beneficial owner of securities beneficially owned by it. PS Management is general partner of PS Capital and may be deemed beneficial owner of securities beneficially owned by it. PSGP is general partner of PSI and PSII and may be deemed beneficial owner of securities beneficially owned by them. Mr. Ackman is the managing member of PSGP and PS Management and may be deemed beneficial owner of securities beneficially owned by them. Each of PS Capital, PS Management, PSGP and Mr. Ackman disclaims beneficial ownership of the securities reported in this Form 4 except to the extent of its or his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by PS Management GP, LLC ("PS Management"), Pershing Square GP, LLC ("PSGP") and William A. Ackman, each of whom has the same business address as PS Capital and may be deemed to have a pecuniary interest in securities beneficially owned by the investment funds referred to herein.

F2: Represents 8,980,821 shares held for the account of Pershing Square, L.P. ("PSI"), 111,899 shares held for the account of Pershing Square II, L.P. ("PSII") and 11,440,014 shares held for the account of Pershing Square International, Ltd. ("PSIL"). Each of PSI, PSII and PSIL is an investment fund for which PS Capital acts as investment advisor and may be deemed the beneficial owner of securities beneficially owned by it. PS Management is general partner of PS Capital and may be deemed beneficial owner of securities beneficially owned by it. PSGP is general partner of PSI and PSII and may be deemed beneficial owner of securities beneficially owned by them. Mr. Ackman is the managing member of PSGP and PS Management and may be deemed beneficial owner of securities beneficially owned by them. Each of PS Capital, PS Management, PSGP and Mr. Ackman disclaims beneficial ownership of the securities reported in this Form 4 except to the extent of its or his pecuniary interest therein.

FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS

Report date June 27, 2003 · Filed July 02, 2003

Jointly reported with GOTHAM PARNERS III L P, KARENINA CORP, DPB CORP, GOTHAM HOLDINGS II LLC, GOTHAM PARTNERS INTERNATIONAL LTD, GOTHAM INTERNATIONAL ADVISORS LLC, SECTION H PARTNERS L P, GOTHAM HOLDINGS MANAGEMENT LLC, BERKOWITZ DAVID P

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Shares of Beneficial InterestSEC Table I · non-derivative	Indirect(1)	0	Reported balance After 2003-06-27 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2003-06-27 · Sale · Disposed 5,841,233 · Balance 0 F1: Amount reported includes (a) 2,873,158 shares held by Gotham Partners, LP ("Gotham"), (b) 2,431,664 shares held by Gotham International Advisors, LLC ("Gotham International"), (c) 58,448 shares held by Gotham Partners III, LP ("Gotham III"), and (d) 477,963 shares held by Gotham Holdings II LLC ("Holdings II"). The general partner of Gotham and Gotham III is Section H Partners, LP ("Section H"). The general partner of Section H is Karenina Corporation ("Karenina") and DPB Corporation ("DBP"). The president of Karenina is William A. Ackman, and the president of DPB is David P. Berkowitz. Ackman is the senior managing member of Gotham International and Gotham Holdings Management, LLC, which is the manager of Holdings II.

Filing footnotes · ownership attribution and instrument terms

F1: Amount reported includes (a) 2,873,158 shares held by Gotham Partners, LP ("Gotham"), (b) 2,431,664 shares held by Gotham International Advisors, LLC ("Gotham International"), (c) 58,448 shares held by Gotham Partners III, LP ("Gotham III"), and (d) 477,963 shares held by Gotham Holdings II LLC ("Holdings II"). The general partner of Gotham and Gotham III is Section H Partners, LP ("Section H"). The general partner of Section H is Karenina Corporation ("Karenina") and DPB Corporation ("DBP"). The president of Karenina is William A. Ackman, and the president of DPB is David P. Berkowitz. Ackman is the senior managing member of Gotham International and Gotham Holdings Management, LLC, which is the manager of Holdings II.

Howard Hughes Corp

Report date August 16, 2023 · Filed August 18, 2023

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	16,586,591	Last balance in matching sequence After 2023-08-18 transaction · row 3 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 3 source rows Row 1 · 2023-08-16 · Purchase · Acquired 899 · Balance 16,571,127 F4: This Form 4 is being filed as a result of purchases in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934 (the "Plan"). Purchases are conducted and allocated among the Pershing Square Funds as further detailed in the Plan set out in the Schedule 13D/A of the Reporting Persons dated December 5, 2022 as filed December 7, 2022. F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F5: Mr. Ackman, a member of the board of directors of the Issuer of the Subject Securities, was elected to that board as a representative of Pershing Square, PS Management, the Pershing Square Funds and Pershing Square GP, LLC. As a result, each of those entities are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934. Row 2 · 2023-08-17 · Purchase · Acquired 14,264 · Balance 16,585,391 F4: This Form 4 is being filed as a result of purchases in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934 (the "Plan"). Purchases are conducted and allocated among the Pershing Square Funds as further detailed in the Plan set out in the Schedule 13D/A of the Reporting Persons dated December 5, 2022 as filed December 7, 2022. F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F5: Mr. Ackman, a member of the board of directors of the Issuer of the Subject Securities, was elected to that board as a representative of Pershing Square, PS Management, the Pershing Square Funds and Pershing Square GP, LLC. As a result, each of those entities are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934. Row 3 · 2023-08-18 · Purchase · Acquired 1,200 · Balance 16,586,591 F4: This Form 4 is being filed as a result of purchases in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934 (the "Plan"). Purchases are conducted and allocated among the Pershing Square Funds as further detailed in the Plan set out in the Schedule 13D/A of the Reporting Persons dated December 5, 2022 as filed December 7, 2022. F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F5: Mr. Ackman, a member of the board of directors of the Issuer of the Subject Securities, was elected to that board as a representative of Pershing Square, PS Management, the Pershing Square Funds and Pershing Square GP, LLC. As a result, each of those entities are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

Filing footnotes · ownership attribution and instrument terms

F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities").

F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds").

F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F4: This Form 4 is being filed as a result of purchases in compliance with Rule 10b-18 and Rule 10b5-1 under the Securities Exchange Act of 1934 (the "Plan"). Purchases are conducted and allocated among the Pershing Square Funds as further detailed in the Plan set out in the Schedule 13D/A of the Reporting Persons dated December 5, 2022 as filed December 7, 2022.

F5: Mr. Ackman, a member of the board of directors of the Issuer of the Subject Securities, was elected to that board as a representative of Pershing Square, PS Management, the Pershing Square Funds and Pershing Square GP, LLC. As a result, each of those entities are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

Howard Hughes Holdings Inc.

Report date June 04, 2026 · Filed June 08, 2026

Jointly reported with Pershing Square Capital Management, L.P., Pershing Square HHH Holdings, LLC, PERSHING SQUARE INC., Pershing Square Partner Group LLC, Pershing Square Management, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Series A Non-Voting Exchangeable Perpetual Preferred StockSEC Table I · non-derivative	IndirectSee footnotes	140,000	Reported balance After 2026-06-04 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2026-06-04 · Grant · Acquired 140,000 · Balance 140,000 F3: In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026. F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities"). F2: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and PS Redemption, L.P., a Delaware limited partnership ("RedemptionCo"). F4: These Subject Securities are held by PSH through its wholly-owned subsidiaries.
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	18,511,031	Reported balance Holding disclosure · report date 2026-06-04 · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · Balance 18,511,031 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities"). F2: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and PS Redemption, L.P., a Delaware limited partnership ("RedemptionCo"). F5: These Subject Securities are held by the Pershing Square Affiliated Funds. F8: ManagementCo holds majority voting power over PS Inc. (including in its capacity as the managing member of PSPG). PS Inc. is the indirect parent company, and PSCM is the direct parent company, of HHH Holdings. ManagementCo, PSPG, PS Inc. and PSCM may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") F9: (Continued from Footnote 8) ManagementCo is governed by its members, consisting of Mr. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the "ManagementCo Members"). Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. F10: (Continued from Footnote 9) By virtue of Mr. Ackman's position as, among other positions, the Chief Executive Officer of PSCM, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons and the ManagementCo Members disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F12: Mr. Ackman and Mr. Israel, each a member of the board of directors of the Issuer, were appointed to or elected to that board as representatives of the Reporting Persons, the Pershing Square Affiliated Funds and RedemptionCo. As a result, each of those persons is a director by deputization for purposes of Section 16 of the Exchange Act.
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	341,033	Reported balance Holding disclosure · report date 2026-06-04 · row 3 Holding and transaction disclosures are not merged. 1 source row Row 3 · Balance 341,033 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities"). F2: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and PS Redemption, L.P., a Delaware limited partnership ("RedemptionCo"). F6: These Subject Securities are held by RedemptionCo. F8: ManagementCo holds majority voting power over PS Inc. (including in its capacity as the managing member of PSPG). PS Inc. is the indirect parent company, and PSCM is the direct parent company, of HHH Holdings. ManagementCo, PSPG, PS Inc. and PSCM may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") F9: (Continued from Footnote 8) ManagementCo is governed by its members, consisting of Mr. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the "ManagementCo Members"). Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. F10: (Continued from Footnote 9) By virtue of Mr. Ackman's position as, among other positions, the Chief Executive Officer of PSCM, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons and the ManagementCo Members disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F12: Mr. Ackman and Mr. Israel, each a member of the board of directors of the Issuer, were appointed to or elected to that board as representatives of the Reporting Persons, the Pershing Square Affiliated Funds and RedemptionCo. As a result, each of those persons is a director by deputization for purposes of Section 16 of the Exchange Act.
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	9,000,000	Reported balance Holding disclosure · report date 2026-06-04 · row 4 Holding and transaction disclosures are not merged. 1 source row Row 4 · Balance 9,000,000 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities"). F7: These Subject Securities are held by HHH Holdings. F8: ManagementCo holds majority voting power over PS Inc. (including in its capacity as the managing member of PSPG). PS Inc. is the indirect parent company, and PSCM is the direct parent company, of HHH Holdings. ManagementCo, PSPG, PS Inc. and PSCM may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") F9: (Continued from Footnote 8) ManagementCo is governed by its members, consisting of Mr. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the "ManagementCo Members"). Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. F10: (Continued from Footnote 9) By virtue of Mr. Ackman's position as, among other positions, the Chief Executive Officer of PSCM, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons and the ManagementCo Members disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F12: Mr. Ackman and Mr. Israel, each a member of the board of directors of the Issuer, were appointed to or elected to that board as representatives of the Reporting Persons, the Pershing Square Affiliated Funds and RedemptionCo. As a result, each of those persons is a director by deputization for purposes of Section 16 of the Exchange Act.
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	59,393,938	Reported balance Holding disclosure · report date 2026-06-04 · row 5 Holding and transaction disclosures are not merged. 1 source row Row 5 · Balance 59,393,938 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities"). F8: ManagementCo holds majority voting power over PS Inc. (including in its capacity as the managing member of PSPG). PS Inc. is the indirect parent company, and PSCM is the direct parent company, of HHH Holdings. ManagementCo, PSPG, PS Inc. and PSCM may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") F9: (Continued from Footnote 8) ManagementCo is governed by its members, consisting of Mr. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the "ManagementCo Members"). Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo. F10: (Continued from Footnote 9) By virtue of Mr. Ackman's position as, among other positions, the Chief Executive Officer of PSCM, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons and the ManagementCo Members disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F11: These Subject Securities are not held by the Reporting Persons. However, pursuant to a Services Agreement, dated May 5, 2025, by and between PSCM and the Issuer, PSCM is entitled to a fee for services determined in part by reference to the increase, if any, in the price of a number of shares of Common Stock of the Issuer (the "Reference Securities") above $66.1453 per share, as described in greater detail in the Issuer's Form 8-K filed on May 6, 2025. Pursuant to Rule 16a-1(a) under the Exchange Act, PSCM's interest under the Services Agreement may be deemed to be a performance-related fee with respect to, and therefore beneficial ownership of, the Reference Securities. As of the date of this Form 4, the number of Reference Securities is 59,393,938. As with the other Subject Securities, each of the Reporting Persons disclaims any beneficial ownership of the Reference Securities, except to the extent of any pecuniary interest therein. F12: Mr. Ackman and Mr. Israel, each a member of the board of directors of the Issuer, were appointed to or elected to that board as representatives of the Reporting Persons, the Pershing Square Affiliated Funds and RedemptionCo. As a result, each of those persons is a director by deputization for purposes of Section 16 of the Exchange Act.

Filing footnotes · ownership attribution and instrument terms

F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square HHH Holdings, LLC, a Nevada limited liability company ("HHH Holdings"), Pershing Square Inc., a Nevada corporation ("PS Inc."), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), Pershing Square Partner Group, LLC, a Delaware limited liability company ("PSPG"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities of the Issuer reported on this Form 4 (the "Subject Securities").

F2: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and PS Redemption, L.P., a Delaware limited partnership ("RedemptionCo").

F3: In connection with the completion of the acquisition of Vantage Group Holdings Ltd. by the Issuer on June 4, 2026, PSH acquired 140,000 shares of the Issuer's Series A Non-Voting Exchangeable Perpetual Preferred Stock, par value $0.01 per share, for an aggregate purchase price of approximately $1.0 billion, pursuant to the Subscription Agreement, dated as of June 4, 2026, by and between Howard Hughes Insurance Holdings, LLC, PSH and the Issuer, as described in greater detail in the Issuer's Form 8-K filed on June 5, 2026.

F4: These Subject Securities are held by PSH through its wholly-owned subsidiaries.

F5: These Subject Securities are held by the Pershing Square Affiliated Funds.

F6: These Subject Securities are held by RedemptionCo.

F7: These Subject Securities are held by HHH Holdings.

F8: ManagementCo holds majority voting power over PS Inc. (including in its capacity as the managing member of PSPG). PS Inc. is the indirect parent company, and PSCM is the direct parent company, of HHH Holdings. ManagementCo, PSPG, PS Inc. and PSCM may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")

F9: (Continued from Footnote 8) ManagementCo is governed by its members, consisting of Mr. Ackman, Ryan Israel, Ben Hakim, Michael Gonnella, Anthony Massaro and Halit Coussin (collectively, the "ManagementCo Members"). Mr. Ackman owns 24.9% of the voting interests of ManagementCo, with Mr. Israel, Mr. Hakim, Mr. Gonnella, Mr. Massaro and Ms. Coussin each owning the remainder of the voting interests equally (approximately 15% each), and the approval of a majority of the voting interests is generally required to approve any action of ManagementCo.

F10: (Continued from Footnote 9) By virtue of Mr. Ackman's position as, among other positions, the Chief Executive Officer of PSCM, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons and the ManagementCo Members disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F11: These Subject Securities are not held by the Reporting Persons. However, pursuant to a Services Agreement, dated May 5, 2025, by and between PSCM and the Issuer, PSCM is entitled to a fee for services determined in part by reference to the increase, if any, in the price of a number of shares of Common Stock of the Issuer (the "Reference Securities") above $66.1453 per share, as described in greater detail in the Issuer's Form 8-K filed on May 6, 2025. Pursuant to Rule 16a-1(a) under the Exchange Act, PSCM's interest under the Services Agreement may be deemed to be a performance-related fee with respect to, and therefore beneficial ownership of, the Reference Securities. As of the date of this Form 4, the number of Reference Securities is 59,393,938. As with the other Subject Securities, each of the Reporting Persons disclaims any beneficial ownership of the Reference Securities, except to the extent of any pecuniary interest therein.

F12: Mr. Ackman and Mr. Israel, each a member of the board of directors of the Issuer, were appointed to or elected to that board as representatives of the Reporting Persons, the Pershing Square Affiliated Funds and RedemptionCo. As a result, each of those persons is a director by deputization for purposes of Section 16 of the Exchange Act.

OLD STONE CORP

Report date December 31, 2007 · Filed February 14, 2008

Jointly reported with GOTHAM PARTNERS LP /NY/, GOTHAM INTERNATIONAL ADVISORS LLC, GOTHAM PARNERS III L P, BERKOWITZ DAVID P, GOTHAM HOLDINGS II LLC, GOTHAM HOLDINGS III LLC, MANTICORE PROPERTIES LLC, MANTICORE PROPERTIES II LP, MANTPRO LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Convertible Preferred Stock, Series B ("Preferred Stock")SEC Table I · non-derivative	IndirectSee footnote	37,004	Reported balance After 2007-08-15 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2007-08-15 · Other · Disposed 563,924 · Balance 37,004 F1: On August 15, 2007, Old Stone Corporation (the "Company") made a redemption of 982,467.44 shares of its Preferred Stock (including 563,924 shares of Preferred Stock held by the filing persons) for an aggregate redemption price of $56.9 million. The Company effected a partial redemption on a pro rata basis, in which a fraction of each outstanding share of Preferred Stock was redeemed, and accrued and unpaid dividends thereon was paid. The redemption price of $20.32 per share excluded accrued dividends paid at redemption. F2: See Exhibit 99.2.

Filing footnotes · ownership attribution and instrument terms

F1: On August 15, 2007, Old Stone Corporation (the "Company") made a redemption of 982,467.44 shares of its Preferred Stock (including 563,924 shares of Preferred Stock held by the filing persons) for an aggregate redemption price of $56.9 million. The Company effected a partial redemption on a pro rata basis, in which a fraction of each outstanding share of Preferred Stock was redeemed, and accrued and unpaid dividends thereon was paid. The redemption price of $20.32 per share excluded accrued dividends paid at redemption.

F2: See Exhibit 99.2.

PERSHING SQUARE INC.

Report date August 17, 2026 · Filed August 19, 2026

Jointly reported with WAA Management LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnote	66,825,763	Reported balance After 2026-08-17 transaction · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · 2026-08-17 · Gift · Disposed 10,000,000 · Balance 66,825,763 F1: Reflects a bona fide gift by the Reporting Person for no consideration to The Ackman Oxman Institute ("AOI"), a charitable foundation of which the Reporting Person and his spouse serve as directors and whose shares over which the Reporting Person and his spouse share voting and investment power, which will continue to be reported on the Reporting Person's Section 13 filings. The gift is intended to support the long-term operations and charitable activities of AOI. F2: As required by the lock-up agreement between the Reporting Person and the representatives of the underwriters in connection with the initial public offering of Issuer common stock, AOI agreed in writing to be bound by the same restrictions set forth therein. The transfer restrictions under the Issuer's Articles of Incorporation were released with respect to, and no longer apply to, these gifted shares. The Reporting Person does not have any pecuniary interest in, and disclaims beneficial ownership of, shares of Issuer common stock held by AOI for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). F3: Reflects shares directly held by WAA Management LLC, of which the Reporting Person is the sole manager.
Common StockSEC Table I · non-derivative	IndirectSee footnote	16,000,000	Reported balance Holding disclosure · report date 2026-08-17 · row 3 Holding and transaction disclosures are not merged. 1 source row Row 3 · Balance 16,000,000 F4: Reflects shares directly held by a grantor retained annuity trust, of which the Reporting Person is the trustee.
Common StockSEC Table I · non-derivative	Direct	1,500,000	Reported balance Holding disclosure · report date 2026-08-17 · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · Balance 1,500,000
Common StockSEC Table I · non-derivative	IndirectSee footnotes	168,200	Reported balance Holding disclosure · report date 2026-08-17 · row 4 Holding and transaction disclosures are not merged. 1 source row Row 4 · Balance 168,200 F5: Reflects shares directly held by a limited liability company that is wholly owned by the Reporting Person's spouse. F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Exchange Act. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Common StockSEC Table I · non-derivative	IndirectSee footnotes	314,729	Reported balance Holding disclosure · report date 2026-08-17 · row 5 Holding and transaction disclosures are not merged. 1 source row Row 5 · Balance 314,729 F6: Reflects shares directly held by trusts for the benefit of, or whose beneficiaries include, the Reporting Person's family members. F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Exchange Act. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: Reflects a bona fide gift by the Reporting Person for no consideration to The Ackman Oxman Institute ("AOI"), a charitable foundation of which the Reporting Person and his spouse serve as directors and whose shares over which the Reporting Person and his spouse share voting and investment power, which will continue to be reported on the Reporting Person's Section 13 filings. The gift is intended to support the long-term operations and charitable activities of AOI.

F2: As required by the lock-up agreement between the Reporting Person and the representatives of the underwriters in connection with the initial public offering of Issuer common stock, AOI agreed in writing to be bound by the same restrictions set forth therein. The transfer restrictions under the Issuer's Articles of Incorporation were released with respect to, and no longer apply to, these gifted shares. The Reporting Person does not have any pecuniary interest in, and disclaims beneficial ownership of, shares of Issuer common stock held by AOI for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act").

F3: Reflects shares directly held by WAA Management LLC, of which the Reporting Person is the sole manager.

F4: Reflects shares directly held by a grantor retained annuity trust, of which the Reporting Person is the trustee.

F5: Reflects shares directly held by a limited liability company that is wholly owned by the Reporting Person's spouse.

F6: Reflects shares directly held by trusts for the benefit of, or whose beneficiaries include, the Reporting Person's family members.

F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Exchange Act. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

Pershing Square SPARC Holdings, Ltd./DE

Report date April 21, 2026 · Filed April 24, 2026

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnotes	422,533	Reported balance After 2026-04-21 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2026-04-21 · Other · Disposed 0 · Balance 422,533 F1: On April 21, 2026, approximately 1.8% of the membership interest in the Sponsor (as defined below) were transferred from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026. The membership interest transferred to RedemptionCo represents a proportionate number of shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") and Sponsor Warrants (as defined below) held by the Sponsor. The transfer of the membership interest did not result in a change of aggregate ownership of the Issuer's common stock and Sponsor Warrants by the Sponsor. F2: (Continued from Footnote 1) The 422,533 shares of the Issuer's Common Stock were issued to the Sponsor prior to the Issuer's initial public distribution. The aggregate voting power of the 422,533 shares of Common Stock is equal to 100% of the total voting power of the Issuer's Common Stock outstanding immediately following the initial public distribution. F3: In addition to William A. Ackman, a citizen of the United States of America, this Form 4 is being filed jointly by Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), and PSCM GP, LLC, a Delaware limited liability company ("PS Management" and collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F4: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PS International, the "Pershing Square Funds") and RedemptionCo. The Pershing Square Funds and RedemptionCo are the members of Pershing Square SPARC Sponsor, LLC, a Delaware limited liability company ("Sponsor"). Pershing Square is the non-member manager of the Sponsor. Pershing Square also advises PS SPARC I Master, L.P. ("SPARC Master LP"). F5: Pershing Square, as the investment adviser to the Pershing Square Funds and RedemptionCo, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Sponsor WarrantsSEC Table II · derivative / convertible security	IndirectSee footnotes	Not disclosed	Reported balance After 2026-04-21 transaction · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · 2026-04-21 · Other · Disposed 0 · Balance Not disclosed F10: Prior to the Issuer's initial public distribution, Sponsor purchased, in a private placement, an aggregate of $35,892,480 of sponsor warrants ("Sponsor Warrants"), which will be exercisable, in the aggregate, for an amount of shares up to 4.95% of the outstanding shares (on a fully diluted basis) of the post-combination company, at a per share exercise price equal to 120% of the Final Exercise Price. The actual percentage of shares on a fully diluted basis into which the Sponsor Warrants are exercisable will be depend on and be decreased ratably in the event that (1) the aggregate funds raised at the closing of the business combination from the exercise of the SPARs and the amount purchased by SPARC Master LP pursuant to the Additional Forward Purchase Agreement, if any, is less than (2) the amount of funds that would have been raised if 100% of the issued SPARs had been exercised at the closing of the business combination. F11: (Continued from Footnote 10) The Sponsor Warrants will generally not be transferable, assignable or salable until three years after the consummation of the Issuer's business combination, and expire 10 years after the date of the Issuer's business combination. F1: On April 21, 2026, approximately 1.8% of the membership interest in the Sponsor (as defined below) were transferred from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026. The membership interest transferred to RedemptionCo represents a proportionate number of shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") and Sponsor Warrants (as defined below) held by the Sponsor. The transfer of the membership interest did not result in a change of aggregate ownership of the Issuer's common stock and Sponsor Warrants by the Sponsor. F3: In addition to William A. Ackman, a citizen of the United States of America, this Form 4 is being filed jointly by Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), and PSCM GP, LLC, a Delaware limited liability company ("PS Management" and collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F4: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PS International, the "Pershing Square Funds") and RedemptionCo. The Pershing Square Funds and RedemptionCo are the members of Pershing Square SPARC Sponsor, LLC, a Delaware limited liability company ("Sponsor"). Pershing Square is the non-member manager of the Sponsor. Pershing Square also advises PS SPARC I Master, L.P. ("SPARC Master LP"). F5: Pershing Square, as the investment adviser to the Pershing Square Funds and RedemptionCo, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase SharesSEC Table II · derivative / convertible security	IndirectSee footnotes	250,000	Reported balance Holding disclosure · report date 2026-04-21 · row 2 Instrument identity requires review; Table II rows are not merged. 1 source row Row 2 · Balance 250,000 F6: Reflects securities acquirable by the Pershing Square Funds in connection with that certain committed forward purchase agreement ("Committed Forward Purchase Agreement"), dated September 29, 2023, between the Issuer and the Pershing Square Funds. Pursuant to the Committed Forward Purchase Agreement, the Pershing Square Funds are obligated to purchase, in one or more private placements to occur simultaneously with the closing of the Issuer's business combination, at least $250,000,000 and up to $1,000,000,000 of common shares of the surviving entity of the Issuer's business combination based upon the final exercise price (the "Final Exercise Price") of the Issuer's subscription warrants, referred to as SPARs, which will be publicly announced in connection with the business combination and which will be at least $10.00. F7: (Continued from Footnote 6) For purposes of this Form 4, the Reporting Persons have assumed a Final Exercise Price equal to $10.00 and therefore the Pershing Square Funds will be obligated to purchase 250,000 forward purchase shares ("Forward Purchase Shares") of the Issuer, at a price of $10.00 per Forward Purchase Share. The obligation of the Pershing Square Funds to purchase the Forward Purchase Shares may be allocated among the Pershing Square Funds from time to time. The Forward Purchase Shares will generally not be transferable, assignable or salable until 180 days after the consummation of the Issuer's business combination. F3: In addition to William A. Ackman, a citizen of the United States of America, this Form 4 is being filed jointly by Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), and PSCM GP, LLC, a Delaware limited liability company ("PS Management" and collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F4: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PS International, the "Pershing Square Funds") and RedemptionCo. The Pershing Square Funds and RedemptionCo are the members of Pershing Square SPARC Sponsor, LLC, a Delaware limited liability company ("Sponsor"). Pershing Square is the non-member manager of the Sponsor. Pershing Square also advises PS SPARC I Master, L.P. ("SPARC Master LP"). F5: Pershing Square, as the investment adviser to the Pershing Square Funds and RedemptionCo, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase Shares (Right to buy)SEC Table II · derivative / convertible security	IndirectSee footnotes	3,250,000	Reported balance Holding disclosure · report date 2026-04-21 · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · Balance 3,250,000 F8: Reflects securities acquirable by SPARC Master LP in connection with that certain additional forward purchase agreement ("Additional Forward Purchase Agreement"), dated September 29, 2023, between the Issuer and SPARC Master LP. Pursuant to the Additional Forward Purchase Agreement, SPARC Master LP has the right, but not the obligation, to purchase, in one or two tranches, a number of common shares of the surviving entity of the Issuer's business combination up to an amount equal to $3,500,000,000 less the amount obligated to be purchased by the Pershing Square Funds pursuant to the Committed Forward Purchase Agreement. F9: (Continued from Footnote 8) For purposes of this Form 4, the Reporting Persons have assumed a Final Exercise Price equal to $10.00 and therefore the SPARC Master LP will have the right, but not the obligation, to purchase up to 3,250,000 additional forward purchase shares ("Additional Forward Purchase Shares") of the Issuer, at a price of $10.00 per Additional Forward Purchase Share. SPARC Master LP's right to purchase the Additional Forward Purchase Shares may be transferred, in whole or in part, to any entity that is managed by Pershing Square, but not to third parties. The Additional Forward Purchase Shares will generally not be transferable, assignable or salable until 180 days after the consummation of the Issuer's business combination. F3: In addition to William A. Ackman, a citizen of the United States of America, this Form 4 is being filed jointly by Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), and PSCM GP, LLC, a Delaware limited liability company ("PS Management" and collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F4: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PS International, the "Pershing Square Funds") and RedemptionCo. The Pershing Square Funds and RedemptionCo are the members of Pershing Square SPARC Sponsor, LLC, a Delaware limited liability company ("Sponsor"). Pershing Square is the non-member manager of the Sponsor. Pershing Square also advises PS SPARC I Master, L.P. ("SPARC Master LP"). F5: Pershing Square, as the investment adviser to the Pershing Square Funds and RedemptionCo, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: On April 21, 2026, approximately 1.8% of the membership interest in the Sponsor (as defined below) were transferred from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026. The membership interest transferred to RedemptionCo represents a proportionate number of shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") and Sponsor Warrants (as defined below) held by the Sponsor. The transfer of the membership interest did not result in a change of aggregate ownership of the Issuer's common stock and Sponsor Warrants by the Sponsor.

F2: (Continued from Footnote 1) The 422,533 shares of the Issuer's Common Stock were issued to the Sponsor prior to the Issuer's initial public distribution. The aggregate voting power of the 422,533 shares of Common Stock is equal to 100% of the total voting power of the Issuer's Common Stock outstanding immediately following the initial public distribution.

F3: In addition to William A. Ackman, a citizen of the United States of America, this Form 4 is being filed jointly by Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), and PSCM GP, LLC, a Delaware limited liability company ("PS Management" and collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities").

F4: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PS International, the "Pershing Square Funds") and RedemptionCo. The Pershing Square Funds and RedemptionCo are the members of Pershing Square SPARC Sponsor, LLC, a Delaware limited liability company ("Sponsor"). Pershing Square is the non-member manager of the Sponsor. Pershing Square also advises PS SPARC I Master, L.P. ("SPARC Master LP").

F5: Pershing Square, as the investment adviser to the Pershing Square Funds and RedemptionCo, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F6: Reflects securities acquirable by the Pershing Square Funds in connection with that certain committed forward purchase agreement ("Committed Forward Purchase Agreement"), dated September 29, 2023, between the Issuer and the Pershing Square Funds. Pursuant to the Committed Forward Purchase Agreement, the Pershing Square Funds are obligated to purchase, in one or more private placements to occur simultaneously with the closing of the Issuer's business combination, at least $250,000,000 and up to $1,000,000,000 of common shares of the surviving entity of the Issuer's business combination based upon the final exercise price (the "Final Exercise Price") of the Issuer's subscription warrants, referred to as SPARs, which will be publicly announced in connection with the business combination and which will be at least $10.00.

F7: (Continued from Footnote 6) For purposes of this Form 4, the Reporting Persons have assumed a Final Exercise Price equal to $10.00 and therefore the Pershing Square Funds will be obligated to purchase 250,000 forward purchase shares ("Forward Purchase Shares") of the Issuer, at a price of $10.00 per Forward Purchase Share. The obligation of the Pershing Square Funds to purchase the Forward Purchase Shares may be allocated among the Pershing Square Funds from time to time. The Forward Purchase Shares will generally not be transferable, assignable or salable until 180 days after the consummation of the Issuer's business combination.

F8: Reflects securities acquirable by SPARC Master LP in connection with that certain additional forward purchase agreement ("Additional Forward Purchase Agreement"), dated September 29, 2023, between the Issuer and SPARC Master LP. Pursuant to the Additional Forward Purchase Agreement, SPARC Master LP has the right, but not the obligation, to purchase, in one or two tranches, a number of common shares of the surviving entity of the Issuer's business combination up to an amount equal to $3,500,000,000 less the amount obligated to be purchased by the Pershing Square Funds pursuant to the Committed Forward Purchase Agreement.

F9: (Continued from Footnote 8) For purposes of this Form 4, the Reporting Persons have assumed a Final Exercise Price equal to $10.00 and therefore the SPARC Master LP will have the right, but not the obligation, to purchase up to 3,250,000 additional forward purchase shares ("Additional Forward Purchase Shares") of the Issuer, at a price of $10.00 per Additional Forward Purchase Share. SPARC Master LP's right to purchase the Additional Forward Purchase Shares may be transferred, in whole or in part, to any entity that is managed by Pershing Square, but not to third parties. The Additional Forward Purchase Shares will generally not be transferable, assignable or salable until 180 days after the consummation of the Issuer's business combination.

F10: Prior to the Issuer's initial public distribution, Sponsor purchased, in a private placement, an aggregate of $35,892,480 of sponsor warrants ("Sponsor Warrants"), which will be exercisable, in the aggregate, for an amount of shares up to 4.95% of the outstanding shares (on a fully diluted basis) of the post-combination company, at a per share exercise price equal to 120% of the Final Exercise Price. The actual percentage of shares on a fully diluted basis into which the Sponsor Warrants are exercisable will be depend on and be decreased ratably in the event that (1) the aggregate funds raised at the closing of the business combination from the exercise of the SPARs and the amount purchased by SPARC Master LP pursuant to the Additional Forward Purchase Agreement, if any, is less than (2) the amount of funds that would have been raised if 100% of the issued SPARs had been exercised at the closing of the business combination.

F11: (Continued from Footnote 10) The Sponsor Warrants will generally not be transferable, assignable or salable until three years after the consummation of the Issuer's business combination, and expire 10 years after the date of the Issuer's business combination.

Pershing Square Tontine Holdings, Ltd.

Report date July 21, 2020 · Filed July 23, 2020

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Class B Common StockSEC Table I · non-derivative	IndirectSee footnotes	100	Reported balance Holding disclosure · report date 2020-07-21 · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · Balance 100 F1: The 100 shares of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock"), were issued to Sponsor (as defined below) prior to the Issuer's initial public offering. The aggregate voting power of the 100 shares of Class B Common Stock is equal to 20% of the total voting power of the Issuer's Class A Common Stock (as defined below) and Class B Common Stock that are outstanding immediately following the initial public offering. Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon the Issuer's initial business combination. F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase SharesSEC Table II · derivative / convertible security	IndirectSee footnotes	Not disclosed	Reported balance Holding disclosure · report date 2020-07-21 · row 2 Instrument identity requires review; Table II rows are not merged. 1 source row Row 2 · Balance Not disclosed F5: Reflects securities acquirable by the Pershing Square Funds in connection with that certain forward purchase agreement ("Forward Purchase Agreement"), dated June 21, 2020, between the Issuer and the Pershing Square Funds. Pursuant to the Forward Purchase Agreement, the Pershing Square Funds are obligated to purchase, in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination, 50,000,000 forward purchase units ("Forward Purchase Units") of the Issuer, at a price of $20.00 per Forward Purchase Unit. Each Forward Purchase Unit is comprised of one share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and one-third of one redeemable warrant. The obligation to purchase the Forward Purchase Units is not transferable, and the securities comprising the Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business com F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase WarrantsSEC Table II · derivative / convertible security · Conversion / exercise price $23.00	IndirectSee footnotes	Not disclosed	Reported balance Holding disclosure · report date 2020-07-21 · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · Balance Not disclosed F6: The redeemable warrants included in the Forward Purchase Units become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination and (ii) 12 months from the closing of the Issuer's initial public offering, and expire five years after the completion of the Issuer's initial business combination, or earlier upon their redemption or the liquidation of the Issuer. F5: Reflects securities acquirable by the Pershing Square Funds in connection with that certain forward purchase agreement ("Forward Purchase Agreement"), dated June 21, 2020, between the Issuer and the Pershing Square Funds. Pursuant to the Forward Purchase Agreement, the Pershing Square Funds are obligated to purchase, in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination, 50,000,000 forward purchase units ("Forward Purchase Units") of the Issuer, at a price of $20.00 per Forward Purchase Unit. Each Forward Purchase Unit is comprised of one share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and one-third of one redeemable warrant. The obligation to purchase the Forward Purchase Units is not transferable, and the securities comprising the Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business com F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase Shares (Right to buy)SEC Table II · derivative / convertible security	IndirectSee footnotes	Not disclosed	Reported balance Holding disclosure · report date 2020-07-21 · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · Balance Not disclosed F7: Pursuant to the Forward Purchase Agreement, the Pershing Square Funds have the right, but not the obligation, to purchase up to 100,000,000 additional Forward Purchase Units in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination. The Pershing Square Funds' right to purchase the additional Forward Purchase Units may be transferred to any entity that is managed by Pershing Square, but not to third parties, and the securities comprising such Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business combination, with limited exceptions. F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Forward Purchase Warrants (Right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $23.00	IndirectSee footnotes	Not disclosed	Reported balance Holding disclosure · report date 2020-07-21 · row 5 Instrument identity requires review; Table II rows are not merged. 1 source row Row 5 · Balance Not disclosed F6: The redeemable warrants included in the Forward Purchase Units become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination and (ii) 12 months from the closing of the Issuer's initial public offering, and expire five years after the completion of the Issuer's initial business combination, or earlier upon their redemption or the liquidation of the Issuer. F7: Pursuant to the Forward Purchase Agreement, the Pershing Square Funds have the right, but not the obligation, to purchase up to 100,000,000 additional Forward Purchase Units in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination. The Pershing Square Funds' right to purchase the additional Forward Purchase Units may be transferred to any entity that is managed by Pershing Square, but not to third parties, and the securities comprising such Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business combination, with limited exceptions. F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.
Sponsor WarrantsSEC Table II · derivative / convertible security · Conversion / exercise price $24.00	IndirectSee footnotes	Not disclosed	Reported balance Holding disclosure · report date 2020-07-21 · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · Balance Not disclosed F8: Concurrently with the Issuer's initial public offering, Sponsor purchased, in a private placement, an aggregate of $65,000,000 of sponsor warrants ("Sponsor Warrants"), which will be exercisable, in the aggregate, for that number of shares equal to 5.95% of the outstanding shares (on a fully diluted basis) of the post-combination company, at an exercise price of $24.00 per share of the post-combination company. The Sponsor Warrants may not be sold or transferred (with limited exceptions) or exercised until three years after the Issuer's initial business combination, and expire 10 years after the date of the Issuer's initial business combination. F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities"). F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor"). F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: The 100 shares of the Issuer's Class B common stock, par value $0.0001 per share ("Class B Common Stock"), were issued to Sponsor (as defined below) prior to the Issuer's initial public offering. The aggregate voting power of the 100 shares of Class B Common Stock is equal to 20% of the total voting power of the Issuer's Class A Common Stock (as defined below) and Class B Common Stock that are outstanding immediately following the initial public offering. Each share of Class B Common Stock will automatically convert into one share of Class A Common Stock upon the Issuer's initial business combination.

F2: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 3 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons'), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 3 (the "Subject Securities").

F3: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS and PS International, the "Pershing Square Funds"). The Pershing Square Funds are the members of Pershing Square TH Sponsor, LLC, a Delaware limited liability company ("Sponsor").

F4: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square and as the managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F5: Reflects securities acquirable by the Pershing Square Funds in connection with that certain forward purchase agreement ("Forward Purchase Agreement"), dated June 21, 2020, between the Issuer and the Pershing Square Funds. Pursuant to the Forward Purchase Agreement, the Pershing Square Funds are obligated to purchase, in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination, 50,000,000 forward purchase units ("Forward Purchase Units") of the Issuer, at a price of $20.00 per Forward Purchase Unit. Each Forward Purchase Unit is comprised of one share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), and one-third of one redeemable warrant. The obligation to purchase the Forward Purchase Units is not transferable, and the securities comprising the Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business com

F6: The redeemable warrants included in the Forward Purchase Units become exercisable on the later of (i) 30 days after the completion of the Issuer's initial business combination and (ii) 12 months from the closing of the Issuer's initial public offering, and expire five years after the completion of the Issuer's initial business combination, or earlier upon their redemption or the liquidation of the Issuer.

F7: Pursuant to the Forward Purchase Agreement, the Pershing Square Funds have the right, but not the obligation, to purchase up to 100,000,000 additional Forward Purchase Units in one or more private placements to occur no later than simultaneously with the closing of the Issuer's initial business combination. The Pershing Square Funds' right to purchase the additional Forward Purchase Units may be transferred to any entity that is managed by Pershing Square, but not to third parties, and the securities comprising such Forward Purchase Units may not be transferred or sold until 180 days after the Issuer's initial business combination, with limited exceptions.

F8: Concurrently with the Issuer's initial public offering, Sponsor purchased, in a private placement, an aggregate of $65,000,000 of sponsor warrants ("Sponsor Warrants"), which will be exercisable, in the aggregate, for that number of shares equal to 5.95% of the outstanding shares (on a fully diluted basis) of the post-combination company, at an exercise price of $24.00 per share of the post-combination company. The Sponsor Warrants may not be sold or transferred (with limited exceptions) or exercised until three years after the Issuer's initial business combination, and expire 10 years after the date of the Issuer's initial business combination.

Pershing Square USA, Ltd.

Report date April 30, 2026 · Filed May 01, 2026

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common Shares of Beneficial InterestSEC Table I · non-derivative	Direct	4,000,000	Ending reported balance After 2026-04-30 transaction · row 2 2 source rows · reconciled sequence Row 1 · 2026-04-30 · Purchase · Acquired 3,500,000 · Balance 3,500,000 F1: On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares"). F2: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO. Row 2 · 2026-04-30 · Purchase · Acquired 500,000 · Balance 4,000,000 F3: Reflects the acquisition of Issuer Common Shares on April 30, 2026 through open market purchase.
Common Shares of Beneficial InterestSEC Table I · non-derivative	IndirectSee footnotes	841,000	Reported balance After 2026-04-30 transaction · row 3 Account identity is unresolved; indirect or unspecified ownership is not merged. 1 source row Row 3 · 2026-04-30 · Purchase · Acquired 841,000 · Balance 841,000 F1: On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares"). F2: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO. F5: Reflects Issuer Common Shares held by a limited liability company that is wholly owned by the Reporting Person's spouse. F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Common Shares of Beneficial InterestSEC Table I · non-derivative	IndirectSee footnotes	21,200	Reported balance After 2026-04-30 transaction · row 4 Account identity is unresolved; indirect or unspecified ownership is not merged. 1 source row Row 4 · 2026-04-30 · Purchase · Acquired 21,200 · Balance 21,200 F1: On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares"). F2: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO. F6: Reflects Issuer Common Shares held by trusts for the benefit of the Reporting Person's family members. F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.
Common Shares of Beneficial InterestSEC Table I · non-derivative	IndirectSee footnotes	56,171	Reported balance After 2026-04-30 transaction · row 5 Account identity is unresolved; indirect or unspecified ownership is not merged. 1 source row Row 5 · 2026-04-30 · Purchase · Acquired 34,971 · Balance 56,171 F1: On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares"). F4: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement. F6: Reflects Issuer Common Shares held by trusts for the benefit of the Reporting Person's family members. F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: On April 30, 2026, Pershing Square Inc. ("PS") and the Issuer completed a combined transaction, consisting of (i) an initial public offering and a concurrent private placement of PS common stock and (ii) an initial public offering (the "PSUS IPO") and a concurrent private placement (the "PSUS Private Placement") of the Issuer's Common Shares of Beneficial Interest ("Common Shares").

F2: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS IPO.

F3: Reflects the acquisition of Issuer Common Shares on April 30, 2026 through open market purchase.

F4: Reflects the acquisition of Issuer Common Shares on April 30, 2026 in the PSUS Private Placement.

F5: Reflects Issuer Common Shares held by a limited liability company that is wholly owned by the Reporting Person's spouse.

F6: Reflects Issuer Common Shares held by trusts for the benefit of the Reporting Person's family members.

F7: The Reporting Person may be deemed to be the beneficial owner of these shares for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein.

SIMON WORLDWIDE INC

Report date October 15, 2004 · Filed October 21, 2004

Jointly reported with GOTHAM PARTNERS LP /NY/, GOTHAM PARNERS III L P, GOTHAM INTERNATIONAL ADVISORS LLC, GOTHAM PARTNERS INTERNATIONAL LTD, SECTION H PARTNERS L P, KARENINA CORP, DPB CORP, BERKOWITZ DAVID P

Security / award	Ownership account	Disclosed shares / units	Disclosure context
SWWISEC Table I · non-derivative	IndirectSee Footnote	1,631,351	Reported balance After 2004-10-20 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2004-10-20 · Sale · Disposed 34,500 · Balance 1,631,351 F1: See Exhibit 99.1

Filing footnotes · ownership attribution and instrument terms

F1: See Exhibit 99.1

Seaport Entertainment Group Inc.

Report date April 21, 2026 · Filed April 24, 2026

Jointly reported with Pershing Square Capital Management, L.P., PERSHING SQUARE INC., Pershing Square Holdco GP, LLC, Pershing Square Management, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee Footnotes	4,932,905	Reported balance After 2026-04-21 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2026-04-21 · Other · Disposed 90,875 · Balance 4,932,905 F1: Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026. F2: The closing price of the Issuer's Common Stock on April 21, 2026. F3: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F4: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and RedemptionCo. F5: (A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F6: Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act. F7: These Subject Securities are held by the Pershing Square Affiliated Funds.
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee Footnotes	90,875	Reported balance After 2026-04-21 transaction · row 2 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 2 · 2026-04-21 · Other · Acquired 90,875 · Balance 90,875 F1: Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026. F2: The closing price of the Issuer's Common Stock on April 21, 2026. F3: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F4: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and RedemptionCo. F5: (A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F6: Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act. F8: These Subject Securities are held by RedemptionCo.

Filing footnotes · ownership attribution and instrument terms

F1: Reflects a transfer of the Subject Securities (as defined below) from PSLP (as defined below) to PS Redemption, L.P. ("RedemptionCo"), which was formed for the purpose of giving effect to the special redemption of certain limited partner interests of PSLP in connection with a special redemption opportunity that was consummated on April 21, 2026.

F2: The closing price of the Issuer's Common Stock on April 21, 2026.

F3: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("PSCM"), this Form 4 is being filed jointly by Pershing Square Holdco, L.P., a Delaware limited partnership ("PS Holdco"), Pershing Square Holdco GP, LLC, a Delaware limited liability company ("PS Holdco GP"), Pershing Square Management, LLC, a Delaware limited liability company ("ManagementCo"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as PSCM and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities").

F4: PSCM advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PSLP"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PSI"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PSLP and PSI, the "Pershing Square Affiliated Funds") and RedemptionCo.

F5: (A) PSCM, as the investment adviser to the Pershing Square Affiliated Funds and RedemptionCo, (B) PS Holdco, as the indirect 100% holding company of PSCM, (C) PS Holdco GP, as the sole general partner of PS Holdco and (D) ManagementCo, as the sole member of PS Holdco GP, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934 (the "Exchange Act"). By virtue of Mr. Ackman's position as (i) the Chief Executive Officer of PSCM, (ii) a director of PS Holdco GP and (iii) a member of ManagementCo, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Exchange Act. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein.

F6: Anthony F. Massaro, a member of the board of directors of the Issuer of the Subject Securities, was appointed to that board as a representative of PSCM, the other Reporting Persons and the Pershing Square Affiliated Funds. As a result, each of those persons are directors by deputization for purposes of Section 16 of the Exchange Act.

F7: These Subject Securities are held by the Pershing Square Affiliated Funds.

F8: These Subject Securities are held by RedemptionCo.

WENDYS INTERNATIONAL INC

Report date March 17, 2006 · Filed March 17, 2006

Jointly reported with PERSHING SQUARE L P, Pershing Square International, Ltd., PERSHING SQUARE II LP, Pershing Square Investment II, L.P., Pershing Square GP, LLC, Pershing Square Holdings GP, LLC, Pershing Square Capital Management, L.P., PSCM GP, LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnote	1,314,500	Reported balance After 2006-03-17 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2006-03-17 · Sale · Disposed 22,500 · Balance 1,314,500 F1: Represents disposition of 19,230 shares of common stock directly beneficially owned by Pershing Square, L.P. and 2,270 shares directly beneficially owned by Pershing Square II, L.P. F2: Represents aggregate number of shares of common stock directly and indirectly beneficially owned by the reporting persons after giving effect to the disposition if 22,500 shares by Pershing Square, L.P. and Pershing Square II, L.P. reported hereunder. Does not include common stock beneficially owned by the reporting persons and its affiliates as a result of ownership of derivative securities as reported on Form 3.
Common StockSEC Table I · non-derivative	Direct	161,777	Reported balance After 2006-03-17 transaction · row 2 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 2 · 2006-03-17 · Sale · Disposed 19,230 · Balance 161,777 F3: Represents shares directly beneficially owned by Pershing Square, L.P. after giving effect to the disposition by such person of 19,230 shares of common stock.
Common StockSEC Table I · non-derivative	Direct	0	Reported balance After 2006-03-17 transaction · row 3 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 3 · 2006-03-17 · Sale · Disposed 2,270 · Balance 0 F4: Represents shares of common stock directly beneficially owned by Pershing Square, L.P. after giving effect to the disposition by such person of 2,270 shares of common stock.

Filing footnotes · ownership attribution and instrument terms

F1: Represents disposition of 19,230 shares of common stock directly beneficially owned by Pershing Square, L.P. and 2,270 shares directly beneficially owned by Pershing Square II, L.P.

F2: Represents aggregate number of shares of common stock directly and indirectly beneficially owned by the reporting persons after giving effect to the disposition if 22,500 shares by Pershing Square, L.P. and Pershing Square II, L.P. reported hereunder. Does not include common stock beneficially owned by the reporting persons and its affiliates as a result of ownership of derivative securities as reported on Form 3.

F3: Represents shares directly beneficially owned by Pershing Square, L.P. after giving effect to the disposition by such person of 19,230 shares of common stock.

F4: Represents shares of common stock directly beneficially owned by Pershing Square, L.P. after giving effect to the disposition by such person of 2,270 shares of common stock.

Past disclosures · reporting ended (9)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

BEAM INC

Report date January 30, 2014 · Filed February 03, 2014

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2014-02-03. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnotes	13,518,545	Last balance in matching sequence After 2014-01-31 transaction · row 2 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 2 source rows Row 1 · 2014-01-30 · Sale · Disposed 6,000,000 · Balance 14,818,545 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F3: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Row 2 · 2014-01-31 · Sale · Disposed 1,300,000 · Balance 13,518,545 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F3: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4.

F2: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds").

F3: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a).

F4: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein.

Bausch Health Companies Inc.

Report date May 02, 2017 · Filed May 03, 2017

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2017-05-03. Current position is not established by this disclosure.

No balance rows disclosed in this filing.

CANADIAN PACIFIC KANSAS CITY LTD/CN

Report date September 06, 2016 · Filed September 07, 2016

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2016-09-07. Current position is not established by this disclosure.

No balance rows disclosed in this filing.

CHIPOTLE MEXICAN GRILL INC

Report date May 18, 2022 · Filed May 18, 2022

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2022-05-18. Current position is not established by this disclosure.

No balance rows disclosed in this filing.

DENNY'S Corp

Report date October 15, 2003 · Filed October 17, 2003

Jointly reported with GOTHAM PARTNERS LP /NY/, GOTHAM PARNERS III L P, GOTHAM INTERNATIONAL ADVISORS LLC, BERKOWITZ DAVID P, SECTION H PARTNERS L P, KARENINA CORP, DPB CORP

Section 16 reporting ended · disclosed 2003-10-17. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee Footnotes	2,000,000	Last balance in matching sequence After 2003-10-15 transaction · row 2 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 2 source rows Row 1 · 2003-10-15 · Sale · Disposed 3,000,000 · Balance 2,265,952 F1: Section H Partners, LP ("Section H") is the general partner of Gotham Partners, LP ("Gotham") and Gotham Partners III, LP ("GIII"). Section H disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities representing Section H's pro rata partnership interest in, or interest in the profits of, Gotham and GIII. Karenina Corp. ("Karenina"), wholly owned by William A. Ackman, and DPB Corp. ("DPB"), wholly owned by David P. Berkowitz, are the general partners of Section H. Each of Karenina, DPB, Ackman and Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a)(2)(ii). F2: Gotham International Advisors, L.L.C. ("Gotham Advisors") is the investment manager of Gotham Partners International, Ltd. ("Gotham International"). Gotham Advisors disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which Gotham Advisors may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1 (a)(2)(ii). William A. Ackman and David P. Berkowitz are the senior managing members of Gotham Advisors. Each of Mr. Ackman and Mr. Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a )(2)(ii). Row 2 · 2003-10-15 · Sale · Disposed 265,952 · Balance 2,000,000 F1: Section H Partners, LP ("Section H") is the general partner of Gotham Partners, LP ("Gotham") and Gotham Partners III, LP ("GIII"). Section H disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities representing Section H's pro rata partnership interest in, or interest in the profits of, Gotham and GIII. Karenina Corp. ("Karenina"), wholly owned by William A. Ackman, and DPB Corp. ("DPB"), wholly owned by David P. Berkowitz, are the general partners of Section H. Each of Karenina, DPB, Ackman and Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a)(2)(ii). F2: Gotham International Advisors, L.L.C. ("Gotham Advisors") is the investment manager of Gotham Partners International, Ltd. ("Gotham International"). Gotham Advisors disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which Gotham Advisors may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1 (a)(2)(ii). William A. Ackman and David P. Berkowitz are the senior managing members of Gotham Advisors. Each of Mr. Ackman and Mr. Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a )(2)(ii).

Filing footnotes · ownership attribution and instrument terms

F1: Section H Partners, LP ("Section H") is the general partner of Gotham Partners, LP ("Gotham") and Gotham Partners III, LP ("GIII"). Section H disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities representing Section H's pro rata partnership interest in, or interest in the profits of, Gotham and GIII. Karenina Corp. ("Karenina"), wholly owned by William A. Ackman, and DPB Corp. ("DPB"), wholly owned by David P. Berkowitz, are the general partners of Section H. Each of Karenina, DPB, Ackman and Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a)(2)(ii).

F2: Gotham International Advisors, L.L.C. ("Gotham Advisors") is the investment manager of Gotham Partners International, Ltd. ("Gotham International"). Gotham Advisors disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which Gotham Advisors may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1 (a)(2)(ii). William A. Ackman and David P. Berkowitz are the senior managing members of Gotham Advisors. Each of Mr. Ackman and Mr. Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a )(2)(ii).

Element Solutions Inc

Report date February 03, 2019 · Filed February 05, 2019

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2019-02-05. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common Stock, par value $0.01 per shareSEC Table I · non-derivative	IndirectSee footnotes	0	Last balance in matching sequence After 2019-02-04 transaction · row 2 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 2 source rows Row 1 · 2019-02-03 · Sale · Disposed 37,000,000 · Balance 3,451,506 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and PS International, the "Pershing Square Funds"). F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F4: On February 4, 2019, Ryan Israel, who was previously elected to the board of directors of the Issuer as a representative of the Reporting Persons, the Pershing Square Funds and Pershing Square GP, LLC, resigned from the Board, effective immediately. Row 2 · 2019-02-04 · Sale · Disposed 3,451,506 · Balance 0 F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and PS International, the "Pershing Square Funds"). F3: Pershing Square, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. As the general partner of Pershing Square, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of Mr. Ackman's position as Chief Executive Officer of Pershing Square and managing member of PS Management, Mr. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. F4: On February 4, 2019, Ryan Israel, who was previously elected to the board of directors of the Issuer as a representative of the Reporting Persons, the Pershing Square Funds and Pershing Square GP, LLC, resigned from the Board, effective immediately.

Filing footnotes · ownership attribution and instrument terms

F2: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("PS International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and PS International, the "Pershing Square Funds").

F4: On February 4, 2019, Ryan Israel, who was previously elected to the board of directors of the Issuer as a representative of the Reporting Persons, the Pershing Square Funds and Pershing Square GP, LLC, resigned from the Board, effective immediately.

GENERAL GROWTH PROPERTIES INC

Report date June 08, 2009 · Filed March 10, 2010

Section 16 reporting ended · disclosed 2010-03-10. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee Footnotes	23,953,782	Reported balance After 2010-01-28 transaction · row 1 Account identity is unresolved; indirect or unspecified ownership is not merged. 1 source row Row 1 · 2010-01-28 · Other · Acquired 412,413 · Balance 23,953,782 F1: The acquisition was an exempt acquisition pursuant to a stock dividend paid on January 28, 2010 by General Growth Properties Inc. to holders of its common stock. F2: William A. Ackman resigned as a director of General Growth Properties Inc., effective as of March 8, 2010, and is no longer subject to Section 16 filings. F3: Reflects shares of common stock of the issuer held for the account of Pershing Square, L.P., Pershing Square II, L.P., or Pershing Square International Ltd. (including shares held for the account of its wholly owned subsidiary, PSRH, Inc.) (collectively, the "Pershing Square Funds"). PS Management GP, LLC ("PS Management") is the general partner of Pershing Square Capital Management, L.P. ("Pershing Square"), which acts as investment advisor to the Pershing Square Funds. Pershing Square GP, LLC ("Pershing Square GP") is the general partner of each of Pershing Square, L.P. and Pershing Square II, L.P. By virtue of William A. Ackman's position as managing member of each of PS Management and Pershing Square GP, Mr. Ackman may be deemed to be the beneficial owner of the securities listed in Table I. F4: Neither the filing of this statement nor anything stated herein shall be deemed an admission that Mr. Ackman is the beneficial owner of any securities covered by the statement. Mr. Ackman disclaims beneficial ownership of the securities covered by this statement except to the extent of his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: The acquisition was an exempt acquisition pursuant to a stock dividend paid on January 28, 2010 by General Growth Properties Inc. to holders of its common stock.

F2: William A. Ackman resigned as a director of General Growth Properties Inc., effective as of March 8, 2010, and is no longer subject to Section 16 filings.

F3: Reflects shares of common stock of the issuer held for the account of Pershing Square, L.P., Pershing Square II, L.P., or Pershing Square International Ltd. (including shares held for the account of its wholly owned subsidiary, PSRH, Inc.) (collectively, the "Pershing Square Funds"). PS Management GP, LLC ("PS Management") is the general partner of Pershing Square Capital Management, L.P. ("Pershing Square"), which acts as investment advisor to the Pershing Square Funds. Pershing Square GP, LLC ("Pershing Square GP") is the general partner of each of Pershing Square, L.P. and Pershing Square II, L.P. By virtue of William A. Ackman's position as managing member of each of PS Management and Pershing Square GP, Mr. Ackman may be deemed to be the beneficial owner of the securities listed in Table I.

F4: Neither the filing of this statement nor anything stated herein shall be deemed an admission that Mr. Ackman is the beneficial owner of any securities covered by the statement. Mr. Ackman disclaims beneficial ownership of the securities covered by this statement except to the extent of his pecuniary interest therein.

J C PENNEY CO INC

Report date August 27, 2013 · Filed August 28, 2013

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC, Pershing Square GP, LLC

Section 16 reporting ended · disclosed 2013-08-28. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	IndirectSee footnotes	0	Reported balance After 2013-08-27 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2013-08-27 · Sale · Disposed 39,075,771 · Balance 0 F2: In connection with the execution of the Underwriting Agreement, dated August 26, 2013, by and among the Issuer, Pershing Square Capital, on behalf of the Pershing Square Funds (as defined below), and Citigroup Global Markets Inc., the transaction reported in this Form 4 was consummated. For a more detailed description of the transaction, see the amendment to the Schedule 13D filed by the Reporting Persons on August 28, 2013. F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F3: Pershing Square Capital advises certain investment funds, including the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International") and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F4: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F5: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4.

F2: In connection with the execution of the Underwriting Agreement, dated August 26, 2013, by and among the Issuer, Pershing Square Capital, on behalf of the Pershing Square Funds (as defined below), and Citigroup Global Markets Inc., the transaction reported in this Form 4 was consummated. For a more detailed description of the transaction, see the amendment to the Schedule 13D filed by the Reporting Persons on August 28, 2013.

F3: Pershing Square Capital advises certain investment funds, including the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International") and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds").

F4: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a).

F5: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein.

Zoetis Inc.

Report date May 12, 2016 · Filed May 12, 2016

Jointly reported with Pershing Square Capital Management, L.P., PSCM GP, LLC

Section 16 reporting ended · disclosed 2016-05-12. Current position is not established by this disclosure.

No balance rows disclosed in this filing.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
June 05, 2012 Filed Jan 4, 2013 01:39 UTC	Howard Hughes Corp HHC · Entity 15317	OtherCash Settled Total Return Swaps · Derivative	1	Not disclosed Strike: $58.38	Not disclosed	Disclosure SEC source: 0001209191-13-001702 · c30956_4x0.xml · derivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common stock, par value $0.01 per share · 928,028 shares Expires 2014-06-30 F2 · kind: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · shares: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · price: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · derivative.exercise_date: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2 · ownership.nature: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F3 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), PSH (together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F4 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F5 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F6 · ownership.nature: The total return swaps set forth on Table II do not give the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
June 05, 2012 Filed Jul 4, 2013 00:39 UTC	Howard Hughes Corp HHC · Entity 15317	OtherCash Settled Total Return Swaps · Derivative	1	Not disclosed Strike: $58.38	Not disclosed	Disclosure SEC source: 0001209191-13-035734 · c562999_4x0.xml · derivative · entry 6 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common stock, par value $0.01 per share · 1,231,452 shares Expires 2013-12-31 F5 · kind: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · shares: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · price: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · derivative.exercise_date: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F3 · ownership.nature: In connection with a rebalancing of the Pershing Square Funds, the following transactions were consummated: PSH purchased 27,790 shares from PS and 174,748 shares from Pershing Square International, for an aggregate purchase of 202,538 shares. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · ownership.nature: In connection with a rebalancing of the Pershing Square Funds, the following transactions were consummated: PSH purchased 4,823 warrants from PS and 39,779 warrants from Pershing Square International, for an aggregate purchase of 44,602 warrants. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · ownership.nature: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F6 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F7 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F8 · ownership.nature: The total return swaps set forth on Table II do not give the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
June 05, 2012 Filed Jul 4, 2013 00:39 UTC	Howard Hughes Corp HHC · Entity 15317	OtherCash Settled Total Return Swaps · Derivative	1	Not disclosed Strike: $58.38	Not disclosed	Disclosure SEC source: 0001209191-13-035734 · c562999_4x0.xml · derivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common stock, par value $0.01 per share · 920,273 shares Expires 2014-06-30 F5 · kind: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · shares: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · price: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · derivative.exercise_date: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F3 · ownership.nature: In connection with a rebalancing of the Pershing Square Funds, the following transactions were consummated: PSH purchased 27,790 shares from PS and 174,748 shares from Pershing Square International, for an aggregate purchase of 202,538 shares. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · ownership.nature: In connection with a rebalancing of the Pershing Square Funds, the following transactions were consummated: PSH purchased 4,823 warrants from PS and 39,779 warrants from Pershing Square International, for an aggregate purchase of 44,602 warrants. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · ownership.nature: Pershing Square International sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F6 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F7 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F8 · ownership.nature: The total return swaps set forth on Table II do not give the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 22, 2012 Filed May 24, 2012 17:16 UTC	BEAM INC BEAM · Entity 16556	OtherTotal Return Swap · Derivative	1	$41.84 Strike: $58.13	$41.84	Disclosure SEC source: 0001181431-12-032461 · rrd346644.xml · derivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnotes Disclosed balance after: 0 Underlying: Common Stock · 1,160,000 shares Expires 2012-11-13 F6 · derivative.exercise_price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_price: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · kind: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · kind: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · kind: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F6 · derivative.exercise_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · derivative.expiration_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.expiration_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.expiration_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the account of Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The total return swaps set forth on Table II did not give Pershing Square International or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and did not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 22, 2012 Filed May 24, 2012 17:16 UTC	BEAM INC BEAM · Entity 16556	OtherTotal Return Swap · Derivative	1	$42.80 Strike: $58.13	$42.80	Disclosure SEC source: 0001181431-12-032461 · rrd346644.xml · derivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnotes Disclosed balance after: 0 Underlying: Common Stock · 345,641 shares Expires 2012-10-09 F6 · derivative.exercise_price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_price: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · kind: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · kind: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · kind: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F6 · derivative.exercise_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · derivative.expiration_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.expiration_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.expiration_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the account of Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The total return swaps set forth on Table II did not give Pershing Square International or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and did not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 22, 2012 Filed May 24, 2012 17:16 UTC	BEAM INC BEAM · Entity 16556	OtherTotal Return Swap · Derivative	1	$38.87 Strike: $58.13	$38.87	Disclosure SEC source: 0001181431-12-032461 · rrd346644.xml · derivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnotes Disclosed balance after: 0 Underlying: Common Stock · 603,486 shares Expires 2012-10-09 F6 · derivative.exercise_price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_price: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · kind: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · kind: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · kind: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · price: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · price: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F6 · derivative.exercise_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.exercise_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.exercise_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F6 · derivative.expiration_date: Under the terms of the cash-settled total return swaps (i) Pershing Square International was obligated to pay to the counterparty any negative price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of such swap, plus interest at the rates set forth in the applicable contracts, and (ii) the counterparty was obligated to pay to Pershing Square International any positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps as of the expiration date of the applicable swap. The reference amounts of the cash-settled total return swaps were equitably adjusted pursuant to the terms of each of their respective contracts in order to take into account the spin-off of Fortune Brands Home & Security, Inc. from the Issuer. All balances will be cash settled on the settlement date of the swap. F7 · derivative.expiration_date: Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap will be paid to Pershing Square International on the settlement date of the swap. F8 · derivative.expiration_date: On May 25, 2012, the swaps will be settled, and the Reporting Persons will receive the positive price performance of the 2,109,127 notional number of shares of Common Stock subject to the swaps. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the account of Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The total return swaps set forth on Table II did not give Pershing Square International or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and did not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
April 13, 2012 Filed Apr 17, 2012 21:20 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherTotal Return Swap · Derivative	1	Not disclosed Strike: $34.15	Not disclosed	Disclosure SEC source: 0001209191-12-023377 · c28331_4x0.xml · derivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnotes Disclosed balance after: 0 Underlying: Common Stock · 602,600 shares Expires 2012-04-13 F6 · derivative.exercise_price: Under the terms of the cash-settled total return swap (i) Pershing Square International was obligated to pay to the bank counterparty any negative price performance under $29.29 per share for each of the 602,600 notional number of shares of Common Stock subject to the swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to Pershing Square International any positive price performance above $29.29 per share for each of the 602,000 notional shares of Common Stock subject to the swap as of the expiration date. Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap were to be paid to Pershing Square International as of the expiration date of the swap. At the time of the expiration of the cash-settled total return swap, the price of the reference security was $34.15 per share. All balances have been settled in cash. F7 · derivative.exercise_price: The swap terminated in accordance with its own terms on April 13, 2012 without action on the part of the Reporting Persons, and, on such date, the Reporting Persons were unable to enter into replacement positions due to regulatory restrictions and the issuer's compliance restrictions. The Reporting Persons may in the future replace the expired swap, subject to any regulatory restrictions, the issuer's compliance restrictions, and any market conditions that may exist at that time. F6 · kind: Under the terms of the cash-settled total return swap (i) Pershing Square International was obligated to pay to the bank counterparty any negative price performance under $29.29 per share for each of the 602,600 notional number of shares of Common Stock subject to the swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to Pershing Square International any positive price performance above $29.29 per share for each of the 602,000 notional shares of Common Stock subject to the swap as of the expiration date. Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap were to be paid to Pershing Square International as of the expiration date of the swap. At the time of the expiration of the cash-settled total return swap, the price of the reference security was $34.15 per share. All balances have been settled in cash. F7 · kind: The swap terminated in accordance with its own terms on April 13, 2012 without action on the part of the Reporting Persons, and, on such date, the Reporting Persons were unable to enter into replacement positions due to regulatory restrictions and the issuer's compliance restrictions. The Reporting Persons may in the future replace the expired swap, subject to any regulatory restrictions, the issuer's compliance restrictions, and any market conditions that may exist at that time. F6 · price: Under the terms of the cash-settled total return swap (i) Pershing Square International was obligated to pay to the bank counterparty any negative price performance under $29.29 per share for each of the 602,600 notional number of shares of Common Stock subject to the swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to Pershing Square International any positive price performance above $29.29 per share for each of the 602,000 notional shares of Common Stock subject to the swap as of the expiration date. Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap were to be paid to Pershing Square International as of the expiration date of the swap. At the time of the expiration of the cash-settled total return swap, the price of the reference security was $34.15 per share. All balances have been settled in cash. F7 · price: The swap terminated in accordance with its own terms on April 13, 2012 without action on the part of the Reporting Persons, and, on such date, the Reporting Persons were unable to enter into replacement positions due to regulatory restrictions and the issuer's compliance restrictions. The Reporting Persons may in the future replace the expired swap, subject to any regulatory restrictions, the issuer's compliance restrictions, and any market conditions that may exist at that time. F6 · derivative.exercise_date: Under the terms of the cash-settled total return swap (i) Pershing Square International was obligated to pay to the bank counterparty any negative price performance under $29.29 per share for each of the 602,600 notional number of shares of Common Stock subject to the swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to Pershing Square International any positive price performance above $29.29 per share for each of the 602,000 notional shares of Common Stock subject to the swap as of the expiration date. Any dividends received by the counterparty on such notional shares of Common Stock during the term of the swap were to be paid to Pershing Square International as of the expiration date of the swap. At the time of the expiration of the cash-settled total return swap, the price of the reference security was $34.15 per share. All balances have been settled in cash. F7 · derivative.exercise_date: The swap terminated in accordance with its own terms on April 13, 2012 without action on the part of the Reporting Persons, and, on such date, the Reporting Persons were unable to enter into replacement positions due to regulatory restrictions and the issuer's compliance restrictions. The Reporting Persons may in the future replace the expired swap, subject to any regulatory restrictions, the issuer's compliance restrictions, and any market conditions that may exist at that time. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the account of Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the securities set forth on Table II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The total return swap set forth on Table II does not give Pershing Square International or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and does not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	100,000	Not disclosed Strike: $30.00	Not disclosed	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · derivative · entry 8 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 0 Underlying: Common Stock · 100,000 shares Expires 2012-01-21 F9 · shares: Disposition represents the automatic exercise of options at expiration in accordance with the terms of such options. F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	100,200	Not disclosed Strike: $25.00	Not disclosed	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · derivative · entry 7 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 0 Underlying: Common Stock · 100,200 shares Expires 2012-01-21 F9 · shares: Disposition represents the automatic exercise of options at expiration in accordance with the terms of such options. F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	100,000	Not disclosed Strike: $22.50	Not disclosed	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · derivative · entry 6 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 0 Underlying: Common Stock · 100,000 shares Expires 2012-01-21 F9 · shares: Disposition represents the automatic exercise of options at expiration in accordance with the terms of such options. F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	60,000	Not disclosed Strike: $20.00	Not disclosed	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · derivative · entry 5 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 0 Underlying: Common Stock · 60,000 shares Expires 2012-01-21 F9 · shares: Disposition represents the automatic exercise of options at expiration in accordance with the terms of such options. F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	100,000	$30.00	$3,000,000.00	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · nonDerivative · entry 4 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 39,075,771 F8 · shares: Acquired as a result of the automatic exercise of options at expiration in accordance with the terms of such options. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	100,200	$25.00	$2,505,000.00	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · nonDerivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 38,975,771 F8 · shares: Acquired as a result of the automatic exercise of options at expiration in accordance with the terms of such options. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	100,000	$22.50	$2,250,000.00	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · nonDerivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 38,875,571 F8 · shares: Acquired as a result of the automatic exercise of options at expiration in accordance with the terms of such options. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
January 21, 2012 Filed Jan 24, 2012 20:46 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	60,000	$20.00	$1,200,000.00	Disclosure SEC source: 0001209191-12-005108 · c26844_4x0.xml · nonDerivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Footnote Disclosed balance after: 38,775,571 F8 · shares: Acquired as a result of the automatic exercise of options at expiration in accordance with the terms of such options. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
September 22, 2011 Filed Sep 26, 2011 15:10 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherTotal Return Swap · Derivative	1	Not disclosed Strike: $26.14	Not disclosed	Disclosure SEC source: 0001209191-11-048967 · c22737_4x0.xml · derivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common Stock · 15,969,239 shares Expires 2016-09-22 F6 · price: Under the terms of the cash?settled total return swaps (i) certain of the Pershing Square Funds will be obligated to pay to the bank counterparty any negative price performance of the 15,969,239 notional number of shares of Common Stock subject to the swap, plus interest at the rates set forth in the applicable contracts, and (ii) the bank counterparty will be obligated to pay certain of the Pershing Square Funds any positive price performance of the 15,969,239 notional number of shares of Common Stock subject to the swap. Any dividends received by the bank counterparty on such notional shares of Common Stock during the term of the swap will be paid to the Pershing Square Fund. All balances will be settled in cash. F6 · derivative.exercise_date: Under the terms of the cash?settled total return swaps (i) certain of the Pershing Square Funds will be obligated to pay to the bank counterparty any negative price performance of the 15,969,239 notional number of shares of Common Stock subject to the swap, plus interest at the rates set forth in the applicable contracts, and (ii) the bank counterparty will be obligated to pay certain of the Pershing Square Funds any positive price performance of the 15,969,239 notional number of shares of Common Stock subject to the swap. Any dividends received by the bank counterparty on such notional shares of Common Stock during the term of the swap will be paid to the Pershing Square Fund. All balances will be settled in cash. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly?owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International" and together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Table II hereof (the "Subject Securities") for purposes of Rule 16a?1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a?1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a?1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The total return swaps set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
September 22, 2011 Filed Jan 4, 2013 01:54 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherTotal Return Swap · Derivative	1	Not disclosed Strike: $26.14	Not disclosed	Disclosure SEC source: 0001209191-13-001708 · c30954_4x0.xml · derivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common Stock · 76,782 shares Expires 2016-09-22 F2 · kind: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · shares: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · price: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F2 · derivative.exercise_date: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2 · ownership.nature: In connection with the formation and capitalization of Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH"), a new fund advised by Pershing Square Capital, the transactions reported in this Form 4 were consummated. In connection with such transactions, there was no change in beneficial ownership of the Reporting Persons. For a more detailed description of these transactions, see the amendment to the Schedule 13D filed by the Reporting Persons on January 3, 2013. F3 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), PSH (together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F4 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F5 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F6 · ownership.nature: The total return swaps set forth on Table II do not give the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
September 22, 2011 Filed Jul 4, 2013 00:30 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherTotal Return Swap · Derivative	1	Not disclosed Strike: $26.14	Not disclosed	Disclosure SEC source: 0001209191-13-035733 · c563027_4x0.xml · derivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 1 Underlying: Common Stock · 76,782 shares Expires 2016-09-22 F4 · kind: INTL sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · shares: INTL sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · price: INTL sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · derivative.exercise_date: INTL sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it on this Form 4. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company ("INTL") (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International"), and Pershing Square Holdings, Ltd., a limited liability company incorporated in Guernsey ("PSH" and together with PS, PS II and Pershing Square International, the "Pershing Square Funds"). F3 · ownership.nature: In connection with a rebalancing of the Pershing Square Funds, the following transactions were consummated: PSH purchased 147,612 shares from PS and 1,119,503 from INTL, for an aggregate purchase of 1,267,115 shares. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F4 · ownership.nature: INTL sold 28,709 notional shares to its counterparty and PS II purchased 28,709 notional shares from its counterparty. There was no change in the overall beneficial ownership of the Reporting Persons in connection with such transactions. F5 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth in this Form 4 (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F6 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F7 · ownership.nature: The total return swaps set forth on Table II do not give the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
August 09, 2011 Filed Aug 9, 2011 21:53 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	1,245,054	$52.78	$65,713,950.12	Disclosure SEC source: 0001209191-11-043292 · c21241_4x0.xml · nonDerivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 20,818,545 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, , a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
August 08, 2011 Filed Aug 9, 2011 21:53 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	1,543,243	$52.67	$81,282,608.81	Disclosure SEC source: 0001209191-11-043292 · c21241_4x0.xml · nonDerivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 19,573,491 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, , a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
August 05, 2011 Filed Aug 9, 2011 21:53 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	860,215	$54.47	$46,855,911.05	Disclosure SEC source: 0001209191-11-043292 · c21241_4x0.xml · nonDerivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 18,030,248 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, , a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II"), Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 8 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 0 Underlying: Common Stock · 1,736 shares Expires 2011-07-29 F15 · kind: The Reporting Person, for the account of Pershing Square II, L.P. ("PSII"), entered into a cash-settled total return swap (the "Eighth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Eighth Swap, (i) PSII was obligated to pay the counterparty any negative price performance under $9.36 for each of the 1,736 notional BGP common shares subject to the swap (the "Eighth Swap Reference Shares"), F16 · kind: (continued from footnote 15) plus interest, and (ii) the counterparty was obligated to pay PSII any positive price performance over $9.36 for each of the Eighth Swap Reference Shares, plus any dividends paid during the life of the swap. The Eighth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Eighth Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Eighth Swap Reference Share. F15 · price: The Reporting Person, for the account of Pershing Square II, L.P. ("PSII"), entered into a cash-settled total return swap (the "Eighth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Eighth Swap, (i) PSII was obligated to pay the counterparty any negative price performance under $9.36 for each of the 1,736 notional BGP common shares subject to the swap (the "Eighth Swap Reference Shares"), F16 · price: (continued from footnote 15) plus interest, and (ii) the counterparty was obligated to pay PSII any positive price performance over $9.36 for each of the Eighth Swap Reference Shares, plus any dividends paid during the life of the swap. The Eighth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Eighth Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Eighth Swap Reference Share. F15 · derivative.exercise_date: The Reporting Person, for the account of Pershing Square II, L.P. ("PSII"), entered into a cash-settled total return swap (the "Eighth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Eighth Swap, (i) PSII was obligated to pay the counterparty any negative price performance under $9.36 for each of the 1,736 notional BGP common shares subject to the swap (the "Eighth Swap Reference Shares"), F16 · derivative.exercise_date: (continued from footnote 15) plus interest, and (ii) the counterparty was obligated to pay PSII any positive price performance over $9.36 for each of the Eighth Swap Reference Shares, plus any dividends paid during the life of the swap. The Eighth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Eighth Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Eighth Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 7 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 1 Underlying: Common Stock · 178,703 shares Expires 2011-07-29 F13 · kind: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Seventh Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Seventh Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.36 for each of the 178,703 notional BGP common shares subject to the swap (the "Seventh Swap Reference Shares"), F14 · kind: (continued from footnote 13) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.36 for each of the Seventh Swap Reference Shares, plus any dividends paid during the life of the swap. The Seventh Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Seventh Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Seventh Swap Reference Share. F13 · price: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Seventh Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Seventh Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.36 for each of the 178,703 notional BGP common shares subject to the swap (the "Seventh Swap Reference Shares"), F14 · price: (continued from footnote 13) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.36 for each of the Seventh Swap Reference Shares, plus any dividends paid during the life of the swap. The Seventh Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Seventh Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Seventh Swap Reference Share. F13 · derivative.exercise_date: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Seventh Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Seventh Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.36 for each of the 178,703 notional BGP common shares subject to the swap (the "Seventh Swap Reference Shares"), F14 · derivative.exercise_date: (continued from footnote 13) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.36 for each of the Seventh Swap Reference Shares, plus any dividends paid during the life of the swap. The Seventh Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Seventh Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Seventh Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 6 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 2 Underlying: Common Stock · 126,461 shares Expires 2011-07-29 F11 · kind: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Sixth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Sixth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.36 for each of the 126,461 notional BGP common shares subject to the swap (the "Sixth Swap Reference Shares"), F12 · kind: (continued from footnote 11) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.36 for each of the Sixth Swap Reference Shares, plus any dividends paid during the life of the swap. The Sixth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Sixth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Sixth Swap Reference Share. F11 · price: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Sixth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Sixth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.36 for each of the 126,461 notional BGP common shares subject to the swap (the "Sixth Swap Reference Shares"), F12 · price: (continued from footnote 11) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.36 for each of the Sixth Swap Reference Shares, plus any dividends paid during the life of the swap. The Sixth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Sixth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Sixth Swap Reference Share. F11 · derivative.exercise_date: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Sixth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 14, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Sixth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.36 for each of the 126,461 notional BGP common shares subject to the swap (the "Sixth Swap Reference Shares"), F12 · derivative.exercise_date: (continued from footnote 11) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.36 for each of the Sixth Swap Reference Shares, plus any dividends paid during the life of the swap. The Sixth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Sixth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Sixth Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 5 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 3 Underlying: Common Stock · 366,526 shares Expires 2011-07-29 F9 · kind: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Fifth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fifth Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.29 for each of the 366,526 notional BGP common shares subject to the swap (the "Fifth Swap Reference Shares"), F10 · kind: (continued from footnote 9) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.29 for each of the Fifth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fifth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fifth Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Fifth Swap Reference Share. F9 · price: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Fifth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fifth Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.29 for each of the 366,526 notional BGP common shares subject to the swap (the "Fifth Swap Reference Shares"), F10 · price: (continued from footnote 9) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.29 for each of the Fifth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fifth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fifth Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Fifth Swap Reference Share. F9 · derivative.exercise_date: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Fifth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fifth Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.29 for each of the 366,526 notional BGP common shares subject to the swap (the "Fifth Swap Reference Shares"), F10 · derivative.exercise_date: (continued from footnote 9) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.29 for each of the Fifth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fifth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fifth Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Fifth Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 4 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 4 Underlying: Common Stock · 268,474 shares Expires 2011-07-29 F7 · kind: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Fourth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fourth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.29 for each of the 268,474 notional BGP common shares subject to the swap (the "Fourth Swap Reference Shares"), F8 · kind: (continued from footnote 7) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.29 for each of the Fourth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fourth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fourth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Fourth Swap Reference Share. F7 · price: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Fourth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fourth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.29 for each of the 268,474 notional BGP common shares subject to the swap (the "Fourth Swap Reference Shares"), F8 · price: (continued from footnote 7) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.29 for each of the Fourth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fourth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fourth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Fourth Swap Reference Share. F7 · derivative.exercise_date: The Reporting Person, for the account of PSI, entered into a cash-settled total return swap (the "Fourth Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 11, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Fourth Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.29 for each of the 268,474 notional BGP common shares subject to the swap (the "Fourth Swap Reference Shares"), F8 · derivative.exercise_date: (continued from footnote 7) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.29 for each of the Fourth Swap Reference Shares, plus any dividends paid during the life of the swap. The Fourth Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Fourth Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Fourth Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 5 Underlying: Common Stock · 343,400 shares Expires 2011-07-29 F5 · kind: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Third Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Third Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.93 for each of the 343,400 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), F6 · kind: (continued from footnote 5) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.93 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Third Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F5 · price: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Third Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Third Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.93 for each of the 343,400 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), F6 · price: (continued from footnote 5) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.93 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Third Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F5 · derivative.exercise_date: The Reporting Person, for the account of PSIL, entered into a cash-settled total return swap (the "Third Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Third Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.93 for each of the 343,400 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), F6 · derivative.exercise_date: (continued from footnote 5) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.93 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Third Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 6 Underlying: Common Stock · 256,600 shares Expires 2011-07-29 F3 · kind: The Reporting Person, for the account of Pershing Square, L.P. ("PSI"), entered into a cash-settled total return swap (the "Second Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Second Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.93 for each of the 256,600 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), F4 · kind: (continued from footnote 3) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.93 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Second Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F3 · price: The Reporting Person, for the account of Pershing Square, L.P. ("PSI"), entered into a cash-settled total return swap (the "Second Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Second Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.93 for each of the 256,600 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), F4 · price: (continued from footnote 3) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.93 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Second Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F3 · derivative.exercise_date: The Reporting Person, for the account of Pershing Square, L.P. ("PSI"), entered into a cash-settled total return swap (the "Second Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 10, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the Second Swap, (i) PSI was obligated to pay the counterparty any negative price performance under $9.93 for each of the 256,600 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), F4 · derivative.exercise_date: (continued from footnote 3) plus interest, and (ii) the counterparty was obligated to pay PSI any positive price performance over $9.93 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per Second Swap Reference Share. PSI paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
July 25, 2011 Filed Jul 27, 2011 17:23 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.16	Not disclosed	Disclosure SEC source: 0001209191-11-041155 · c20490_4x0.xml · derivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 7 Underlying: Common Stock · 1,770,100 shares Expires 2011-07-29 F1 · kind: The Reporting Person, for the account of Pershing Square International, Ltd. ("PSIL"), entered into a cash-settled total return swap (the "First Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 8, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the First Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.72 for each of the 1,770,100 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), F2 · kind: (continued from footnote 1) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.72 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. The First Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per First Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per First Swap Reference Share. F1 · price: The Reporting Person, for the account of Pershing Square International, Ltd. ("PSIL"), entered into a cash-settled total return swap (the "First Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 8, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the First Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.72 for each of the 1,770,100 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), F2 · price: (continued from footnote 1) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.72 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. The First Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per First Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per First Swap Reference Share. F1 · derivative.exercise_date: The Reporting Person, for the account of Pershing Square International, Ltd. ("PSIL"), entered into a cash-settled total return swap (the "First Swap") with a broker-dealer counterparty for a commission equal to $0.03 per notional share on January 8, 2008, with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the First Swap, (i) PSIL was obligated to pay the counterparty any negative price performance under $9.72 for each of the 1,770,100 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), F2 · derivative.exercise_date: (continued from footnote 1) plus interest, and (ii) the counterparty was obligated to pay PSIL any positive price performance over $9.72 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. The First Swap was unwound on July 25, 2011, (the "Unwind Date") at a price of $0.17 per First Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per First Swap Reference Share. F17 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F18 · ownership.nature: (continued from footnote 17) PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
June 07, 2011 Filed Jun 7, 2011 18:49 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	224,897	$63.00	$14,168,511.00	Disclosure SEC source: 0001209191-11-033595 · c18547_4x0.xml · nonDerivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnote Disclosed balance after: 17,170,033 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: The Subject Securities were purchased for the account of Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
June 06, 2011 Filed Jun 7, 2011 18:49 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	275,000	$62.87	$17,289,250.00	Disclosure SEC source: 0001209191-11-033595 · c18547_4x0.xml · nonDerivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 16,945,136 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: The Subject Securities were purchased for the account of Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
June 03, 2011 Filed Jun 7, 2011 18:49 UTC	BEAM INC FO · Entity 16556	PurchaseCommon Stock	1,500	$63.00	$94,500.00	Disclosure SEC source: 0001209191-11-033595 · c18547_4x0.xml · nonDerivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 16,670,136 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to beneficially own the securities reported on this Form 4 (the "Subject Securities"). F2 · ownership.nature: The Subject Securities were purchased for the account of Pershing Square International, Ltd., a Cayman Islands exempted company, ("Pershing Square International"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to Pershing Square International, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of PS Management, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	350,000	Not disclosed Strike: $30.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 16 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 350,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	140,000	Not disclosed Strike: $29.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 15 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 140,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	645,000	Not disclosed Strike: $28.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 14 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 645,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	680,100	Not disclosed Strike: $27.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 13 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 680,100 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	656,400	Not disclosed Strike: $26.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 12 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 656,400 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	600,000	Not disclosed Strike: $25.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 11 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 600,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	375,000	Not disclosed Strike: $24.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 10 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 375,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherOption to Purchase Common Stock · Derivative	350,000	Not disclosed Strike: $23.00	Not disclosed	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · derivative · entry 9 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 0 Underlying: Common Stock · 350,000 shares Expires 2011-05-21 F7 · price: Not applicable. F6 · derivative.exercise_date: Immediate. F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. F5 · ownership.nature: The options to purchase shares of common stock set forth on Table II do not give any of the Pershing Square Funds or the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	350,000	$30.00	$10,500,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 8 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 38,715,571 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	140,000	$29.00	$4,060,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 7 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 38,365,571 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	645,000	$28.00	$18,060,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 6 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 38,225,571 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	680,100	$27.00	$18,362,700.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 5 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 37,580,571 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	656,400	$26.00	$17,066,400.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 4 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 36,900,471 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	600,000	$25.00	$15,000,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 36,244,071 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	375,000	$24.00	$9,000,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 35,644,071 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 20, 2011 Filed May 24, 2011 19:39 UTC	J C PENNEY CO INC JCP · Entity 16599	OtherCommon Stock	350,000	$23.00	$8,050,000.00	Disclosure SEC source: 0001209191-11-030659 · c17798_4x0.xml · nonDerivative · entry 1 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · Director · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See footnotes Disclosed balance after: 35,269,071 F1 · ownership.nature: In addition to Pershing Square Capital Management, L.P., a Delaware limited partnership ("Pershing Square Capital"), this Form 4 is being filed jointly by PS Management GP, LLC, a Delaware limited liability company ("PS Management"), Pershing Square GP, LLC, a Delaware limited liability company ("Pershing Square GP"), and William A. Ackman, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom has the same business address as Pershing Square Capital and may be deemed to have a pecuniary interest in securities owned by it. F2 · ownership.nature: Pershing Square Capital advises the accounts of Pershing Square, L.P., a Delaware limited partnership ("PS"), Pershing Square II, L.P., a Delaware limited partnership ("PS II") and Pershing Square International, Ltd., a Cayman Islands exempted company (together with its wholly-owned subsidiary PSRH, Inc., a Cayman Islands exempted company, "Pershing Square International", together with PS and PS II, the "Pershing Square Funds"). F3 · ownership.nature: Pershing Square Capital, as the investment adviser to the Pershing Square Funds, may be deemed to be the beneficial owner of the securities set forth on Tables I and II hereof (the "Subject Securities") for purposes of Rule 16a-1(a) of the Securities Exchange Act of 1934. As the general partner of Pershing Square Capital, PS Management may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). As the general partner of PS and PS II, Pershing Square GP may be deemed to be the beneficial owner of the shares of Subject Securities owned by PS and PS II for purposes of Rule 16a-1(a). By virtue of William A. Ackman's position as Chief Executive Officer of Pershing Square Capital and managing member of each of PS Management and Pershing Square GP, William A. Ackman may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a). F4 · ownership.nature: Each of the Reporting Persons disclaims any beneficial ownership of any of the securities listed in this Form 4, except to the extent of any pecuniary interest therein. Read SEC document
May 17, 2011 Filed May 18, 2011 20:20 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.25	Not disclosed	Disclosure SEC source: 0001209191-11-029546 · c17601_4x0.xml · derivative · entry 3 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Notes Disclosed balance after: 8 Underlying: Common Stock · 6,021 shares Expires 2011-07-29 F4 · derivative.exercise_price: The third swap (the "Third Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSII was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 6,021 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSII any positive price performance over $9.99 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on the Unwind Date at a price of $0.26 per Third Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F4 · price: The third swap (the "Third Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSII was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 6,021 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSII any positive price performance over $9.99 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on the Unwind Date at a price of $0.26 per Third Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F4 · derivative.exercise_date: The third swap (the "Third Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSII was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 6,021 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSII any positive price performance over $9.99 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on the Unwind Date at a price of $0.26 per Third Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F1 · ownership.direct: The reporting person, for the account of Pershing Square, L.P. ("PSI"), Pershing Square II, L.P. ("PSII"), and Pershing Square International, Ltd. ("PSIL"), entered into cash-settled total return swaps with a broker-dealer counterparty for a commission equal to $0.03 per notional share subject to such swaps. The first swap (the "First Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSI was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 438,723 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSI any positive price performance over $9.99 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. F4 · ownership.direct: The third swap (the "Third Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSII was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 6,021 notional BGP common shares subject to the swap (the "Third Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSII any positive price performance over $9.99 for each of the Third Swap Reference Shares, plus any dividends paid during the life of the swap. The Third Swap was unwound on the Unwind Date at a price of $0.26 per Third Swap Reference Share. PSII paid the broker-dealer counterparty a commission of $0.01 per Third Swap Reference Share. F5 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F6 · ownership.nature: PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document
May 17, 2011 Filed May 18, 2011 20:20 UTC	BORDERS GROUP INC BGP · Entity 16843	OtherCash Settled Total Return Swap · Derivative	1	Not disclosed Strike: $0.25	Not disclosed	Disclosure SEC source: 0001209191-11-029546 · c17601_4x0.xml · derivative · entry 2 Pershing Square Capital Management, L.P. · CIK 0001336528 · 10% owner PS Management GP, LLC · CIK 0001336477 · 10% owner Pershing Square GP, LLC · CIK 0001336476 · 10% owner ACKMAN WILLIAM A · CIK 0001056513 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · See Notes Disclosed balance after: 9 Underlying: Common Stock · 619,419 shares Expires 2011-07-29 F3 · derivative.exercise_price: The second swap (the "Second Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSIL was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 619,419 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSIL any positive price performance over $9.99 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on the Unwind Date at a price of $0.26 per Second Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F3 · price: The second swap (the "Second Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSIL was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 619,419 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSIL any positive price performance over $9.99 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on the Unwind Date at a price of $0.26 per Second Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F3 · derivative.exercise_date: The second swap (the "Second Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSIL was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 619,419 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSIL any positive price performance over $9.99 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on the Unwind Date at a price of $0.26 per Second Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F1 · ownership.direct: The reporting person, for the account of Pershing Square, L.P. ("PSI"), Pershing Square II, L.P. ("PSII"), and Pershing Square International, Ltd. ("PSIL"), entered into cash-settled total return swaps with a broker-dealer counterparty for a commission equal to $0.03 per notional share subject to such swaps. The first swap (the "First Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSI was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 438,723 notional BGP common shares subject to the swap (the "First Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSI any positive price performance over $9.99 for each of the First Swap Reference Shares, plus any dividends paid during the life of the swap. F3 · ownership.direct: The second swap (the "Second Swap") was entered into on January 17, 2008 with an initial expiration date of August 5, 2009, subsequently extended to July 29, 2011. Under the terms of the swap (i) PSIL was obligated to pay to the counterparty any negative price performance under $9.99 for each of the 619,419 notional BGP common shares subject to the swap (the "Second Swap Reference Shares"), plus interest, and (ii) the counterparty was obligated to pay to PSIL any positive price performance over $9.99 for each of the Second Swap Reference Shares, plus any dividends paid during the life of the swap. The Second Swap was unwound on the Unwind Date at a price of $0.26 per Second Swap Reference Share. PSIL paid the broker-dealer counterparty a commission of $0.01 per Second Swap Reference Share. F5 · ownership.nature: In addition to Pershing Square Capital Management, L.P. ("PS Capital"), this Form 4 is being filed jointly by Pershing Square GP, LLC ("PSGP"), PS Management GP, LLC ("PS Management") and William A. Ackman, each of whom has the same business address as PS Capital. PSI, PSII, and PSIL are investment funds for which PS Capital acts as investment advisor or management company and therefore PS Capital may be deemed to be the beneficial owner of the derivative securities reported herein. PS Management is the general partner of PS Capital and therefore may be deemed to be the beneficial owner of the derivative securities reported herein. F6 · ownership.nature: PSGP is the general partner of PSI and PSII and therefore may be deemed the beneficial owner of the derivative securities held for the accounts of PSI and PSII. William A. Ackman is the managing member of PS Management and therefore may be deemed the beneficial owner of the derivative securities reported herein. Each of PS Capital, PS Management, PSGP, and Mr. Ackman disclaims beneficial ownership of the derivative securities reported herein, except to the extent of its or his pecuniary interest therein, if any. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.