Filing Details

Accession Number:
0001144204-15-043744
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-07-22 18:49:02
Reporting Period:
2015-07-08
Filing Date:
2015-07-22
Accepted Time:
2015-07-22 18:49:02
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1628063 Seritage Growth Properties SRG Real Estate (6500) 472532864
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1255159 C Kenneth Griffin C/o Citadel Gp Llc
131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
1307720 Citadel Securities Llc C/o Citadel Gp Llc
131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
1423052 Citadel Gp Llc 131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
1423053 Citadel Advisors Llc C/o Citadel Gp Llc
131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
1588930 Ltd. Capital Surveyor C/o Citadel Gp Llc
131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
1640129 Citadel Advisors Holdings Iii Lp C/o Citadel Gp Llc
131 S. Dearborn St., 32Nd Floor
Chicago IL 60603
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Shares Acquisiton 2015-07-08 1,450 $37.01 3,792,147 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-09 7,100 $37.34 3,799,247 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-10 4,100 $37.50 3,803,347 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-13 39,246 $37.26 3,842,593 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-14 1,398 $37.43 3,843,991 No 4 P Indirect See Footnote
Class A Common Shares Disposition 2015-07-15 2,760 $37.53 3,841,231 No 4 S Indirect See Footnote
Class A Common Shares Disposition 2015-07-16 2,665 $37.95 3,838,566 No 4 S Indirect See Footnote
Class A Common Shares Disposition 2015-07-21 1,450,000 $38.09 2,388,556 No 4 S Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-10 1,582 $37.50 10,566 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-13 4,500 $37.40 6,501 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-14 600 $37.41 5,901 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-15 5,066 $37.54 835 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-16 400 $37.82 435 No 4 P Indirect See Footnote
Class A Common Shares Acquisiton 2015-07-17 6,336 $39.23 5,901 No 4 P Indirect See Footnote
Class A Common Shares Disposition 2015-07-17 5,901 $39.25 0 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 P Indirect See Footnote
No 4 S Indirect See Footnote
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Shares Total Return Swap Acquisiton 2015-07-15 900 $0.00 900 $0.00
Class A Common Shares Total Return Swap Acquisiton 2015-07-16 1 $0.00 1 $0.00
Class A Common Shares Total Return Swap Acquisiton 2015-07-15 5,066 $0.00 5,066 $0.00
Class A Common Shares Total Return Swap Disposition 2015-07-17 5,066 $0.00 5,066 $0.00
Class A Common Shares Total Return Swap Acquisiton 2015-07-16 400 $0.00 400 $0.00
Class A Common Shares Total Return Swap Disposition 2015-07-17 400 $0.00 400 $0.00
Class A Common Shares Total Return Swap Acquisiton 2015-07-17 435 $0.00 435 $0.00
Class A Common Shares Total Return Swap Disposition 2015-07-17 435 $0.00 435 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
900 Yes 4 J Indirect
1 Yes 4 J Indirect
5,066 Yes 4 J Indirect
0 Yes 4 J Indirect
400 Yes 4 J Indirect
0 Yes 4 J Indirect
435 Yes 4 J Indirect
0 Yes 4 J Indirect
Footnotes
  1. This security is owned by Surveyor Capital Ltd. ("Surveyor").
  2. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $36.96 to $37.29. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  3. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.23 to $37.39. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
  4. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.49 to $37.51. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  5. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.18 to $37.48. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  6. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.41 to $37.45. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  7. This price represents the weighted average sale price. The sale prices for these transactions ranged from $37.15 to $37.76. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  8. This price represents the weighted average sale price. The sale prices for these transactions ranged from $37.78 to $38.00. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  9. This security is owned by Citadel Event Driven Master Fund Ltd. ("EDMF").
  10. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.48 to $37.51. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  11. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.20 to $37.47. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  12. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.35 to $37.44. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  13. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.04 to $37.79. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  14. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $37.80 to $37.84. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  15. This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $38.95 to $39.52. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price. The number reported in column 5 is a negative number.
  16. This price represents the weighted average sale price. The sale prices for these transactions ranged from $38.99 to $39.50. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
  17. On July 15, 2015, Surveyor entered into a 3-year equity swap agreement with a dealer referencing 900 shares of Seritage Class A shares ("notional shares") at a price of $37.16 per share ("applicable base price"). From time to time over the life of the swap, (i) Surveyor will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to Surveyor any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, Surveyor will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to Surveyor the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement.
  18. Citadel Advisors LLC ("Citadel Advisors"), a registered investment adviser, is the portfolio manager for Surveyor and EDMF. Citadel Advisors Holdings III LP ("CAH3") is the managing member of Citadel Advisors. CALC III LP ("CALC3") is the non-member manager of Citadel Securities LLC ("Citadel Securities"). Citadel GP LLC ("CGP") is the general partner of CALC3 and CAH3. Mr. Griffin is the President and Chief Executive Officer of, and owns a controlling interest in, CGP.
  19. On July 16, 2015, Surveyor entered into a 1-year equity swap agreement with a dealer referencing 1 notional share of Seritage at an applicable base price of $37.98 per share. From time to time over the life of the swap, (i) Surveyor will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to Surveyor any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, Surveyor will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to Surveyor the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement.
  20. On July 15, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 5,066 notional shares of Seritage at an applicable base price of $37.54 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.
  21. On July 16, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 400 notional shares of Seritage at an applicable base price of $37.82 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.
  22. On July 17, 2015, EDMF entered into a 1-year equity swap agreement with a dealer referencing 435 notional shares of Seritage at an applicable base price of $38.98 per share. From time to time over the life of the swap, (i) EDMF will be obligated to pay to the dealer any decrease in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares, and (ii) the dealer will be obligated to pay to EDMF any increase in the market price of Seritage shares relative to the applicable base price multiplied by the notional shares. In addition, EDMF will pay to the dealer certain agreed upon periodic financing charges. The broker will pay to EDMF the equivalent of any dividends paid to the beneficial owners of Seritage Class A during the term of the swap agreement. On July 17, 2015, EDMF unwound the swap agreement.