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Volk Kenneth

Disclosed activity across 1 company

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91245
SEC CIK
0001762914

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Latest disclosed role at each company.

CompanyLast reported asReport datePublished
MACERICH COMAC · Entity 3712EVP, Business DevelopmentMay 10, 2024May 10, 2024

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.

MACERICH CO

Report date May 10, 2024 · Filed May 10, 2024

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectVolk Living Trust51,924 Reported balance After 2024-05-10 transaction · row 1 Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source row

Row 1 · 2024-05-10 · Purchase · Acquired 5,000 · Balance 51,924

Transaction history

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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 dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
May 10, 2024 Filed May 10, 2024 17:40 UTC MACERICH CO MAC · Entity 3712 PurchaseCommon Stock 5,000 $15.41 $77,025.00
Disclosure

SEC source: 0000912242-24-000087 · wk-form4_1715362808.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: No plan indicated

Ownership: Indirect · Volk Living Trust

Disclosed balance after: 51,924

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April 24, 2024 Filed Apr 26, 2024 21:48 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 40,368 $0.00 $0.00
Disclosure

SEC source: 0000912242-24-000057 · wk-form4_1714168103.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 127,281

Underlying: Common Stock · 40,368 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents the vesting of performance-based units of limited partnership interest in The Macerich Partnership, LP (the "Partnership"), of which the Issuer is the general partner. These LTIP Units were issued as long-term incentive compensation and vested upon achievement of certain pre-established performance criteria. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Partnership ("Common Unit"). Each Common Unit may generally be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit for one share of common stock. The rights to convert LTIP Units into Common Units and redeem for common stock do not have expiration dates.

F1 · derivative.exercise_date: Represents the vesting of performance-based units of limited partnership interest in The Macerich Partnership, LP (the "Partnership"), of which the Issuer is the general partner. These LTIP Units were issued as long-term incentive compensation and vested upon achievement of certain pre-established performance criteria. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Partnership ("Common Unit"). Each Common Unit may generally be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit for one share of common stock. The rights to convert LTIP Units into Common Units and redeem for common stock do not have expiration dates.

F2 · derivative.exercise_date: On January 1, 2021, the reporting person was granted an LTIP Unit award pursuant to which the reporting person could earn 48,223 LTIP Units at target performance, based on the Issuer's performance relative to certain performance criteria during the period from January 1, 2021 through December 31, 2023. On April 24, 2024, the Compensation Committee of the Board of Directors of the Issuer determined that 40,368 of the LTIP Units, or 83.7% of the target amount, were earned based on the Issuer's performance during the performance period. The LTIP Units vested on December 31, 2023 and must be retained by the reporting person until December 31, 2024.

F1 · derivative.expiration_date: Represents the vesting of performance-based units of limited partnership interest in The Macerich Partnership, LP (the "Partnership"), of which the Issuer is the general partner. These LTIP Units were issued as long-term incentive compensation and vested upon achievement of certain pre-established performance criteria. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Partnership ("Common Unit"). Each Common Unit may generally be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit for one share of common stock. The rights to convert LTIP Units into Common Units and redeem for common stock do not have expiration dates.

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February 15, 2024 Filed Feb 20, 2024 23:26 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 24,303 $0.00 $0.00
Disclosure

SEC source: 0000912242-24-000014 · wk-form4_1708471563.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 86,913

Underlying: Common Stock · 24,303 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2024, one-third on December 31, 2025 and one-third on December 31, 2026.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

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January 01, 2023 Filed Jan 4, 2023 23:29 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 33,303 $0.00 $0.00
Disclosure

SEC source: 0001209191-23-001347 · doc4.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 89,326

Underlying: Common Stock · 33,303 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2023, one-third on December 31, 2024 and one-third on December 31, 2025.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

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September 26, 2022 Filed Sep 26, 2022 21:53 UTC MACERICH CO MAC · Entity 3712 PurchaseCommon Stock 10,000 $7.58 $75,750.00
Disclosure

SEC source: 0001209191-22-051286 · doc4.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Indirect · Volk Living Trust

Disclosed balance after: 46,924

F1 · balance_after: Includes 1,575 shares acquired as part of the Company's quarterly dividend paid on June 3, 2020.

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January 01, 2022 Filed Jan 5, 2022 02:11 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 21,701 $0.00 $0.00
Disclosure

SEC source: 0001209191-22-001246 · doc4.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 88,812

Underlying: Common Stock · 21,701 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2022, one-third on December 31, 2023 and one-third on December 31, 2024.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

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January 01, 2021 Filed Jan 6, 2021 00:47 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 44,517 $0.00 $0.00
Disclosure

SEC source: 0001209191-21-001661 · doc4.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,111

Underlying: Common Stock · 44,517 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2021, one-third on December 31, 2022 and one-third on December 31, 2023.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

Read SEC document
March 20, 2020 Filed Mar 24, 2020 21:42 UTC MACERICH CO MAC · Entity 3712 PurchaseCommon Stock 10,000 $7.99 $79,850.00
Disclosure

SEC source: 0001209191-20-020973 · doc4.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Indirect · Volk Living Trust

Disclosed balance after: 26,357

Read SEC document
January 01, 2020 Filed Jan 3, 2020 23:03 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 13,930 $0.00 $0.00
Disclosure

SEC source: 0001209191-20-001354 · doc4.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,594

Underlying: Common Stock · 13,930 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2020, one-third on December 31, 2021 and one-third on December 31, 2022.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

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August 09, 2019 Filed Aug 12, 2019 23:50 UTC MACERICH CO MAC · Entity 3712 PurchaseCommon Stock 3,000 $30.43 $91,279.50
Disclosure

SEC source: 0001209191-19-045652 · doc4.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · EVP, Business Development

10b5-1 filing: Not disclosed

Ownership: Indirect · Volk Living Trust

Disclosed balance after: 12,360

Read SEC document
May 31, 2019 Filed Jun 4, 2019 23:18 UTC MACERICH CO MAC · Entity 3712 Tax withholdingCommon Stock 28 $36.33 $1,017.24
Disclosure

SEC source: 0001209191-19-034571 · doc4.xml · nonDerivative · entry 2

Volk Kenneth · CIK 0001762914 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,989

F3 · shares: Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the reporting person's acquisition of shares pursuant to the ESPP on May 31, 2019.

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May 31, 2019 Filed Jun 4, 2019 23:18 UTC MACERICH CO MAC · Entity 3712 GrantCommon Stock 618 $30.88 $19,083.84
Disclosure

SEC source: 0001209191-19-034571 · doc4.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,017

F1 · shares: The reporting person is voluntarily reporting the acquisition of the issuer's common stock pursuant to the issuer's Employee Stock Purchase Plan ("ESPP") for the six month ESPP offering period ended May 31, 2019. This transaction is exempt pursuant to Rule 16b-3(c).

F2 · price: In accordance with the ESPP, the shares were purchased at a 15% discount from the closing price of the issuer's common stock on May 31, 2019.

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March 08, 2019 Filed Mar 13, 2019 01:31 UTC MACERICH CO MAC · Entity 3712 GrantCommon Stock 5,357 $0.00 $0.00
Disclosure

SEC source: 0001209191-19-019045 · doc4.xml · nonDerivative · entry 2

Volk Kenneth · CIK 0001762914 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,399

Read SEC document
March 08, 2019 Filed Mar 13, 2019 01:31 UTC MACERICH CO MAC · Entity 3712 SaleCommon Stock 5,000 $42.19 $210,950.00
Disclosure

SEC source: 0001209191-19-019045 · doc4.xml · nonDerivative · entry 1

Volk Kenneth · CIK 0001762914 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · Volk Living Trust

Disclosed balance after: 9,360

Read SEC document
January 01, 2019 Filed Jan 4, 2019 01:50 UTC MACERICH CO MAC · Entity 3712 GrantLTIP Units · Derivative 8,664 $0.00 $0.00
Disclosure

SEC source: 0001209191-19-001598 · doc4.xml · derivative · entry 1

Volk Kenneth · CIK 0001762914 · SVP, Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,664

Underlying: Common Stock · 8,664 shares

Expires not disclosed

F1 · derivative.exercise_price: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F1 · derivative.exercise_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

F2 · derivative.exercise_date: LTIP Units vest one-third on December 31, 2019, one-third on December 31, 2020 and one-third on December 31, 2021.

F1 · derivative.expiration_date: Represents units of limited partnership interest in The Macerich Partnership, L.P. (the "Partnership"), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and time vesting, each LTIP Unit may be converted into a common unit of limited partnership interest in the Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of common stock. The rights to convert LTIP Units to Common Units and redeem Common Units do not have expiration dates.

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