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Filing Details

Accession Number:: 0000919574-17-008506
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-12-06 19:04:17
Reporting Period:: 2017-12-04

Accepted Time:: 2017-12-06 19:04:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1628063	Seritage Growth Properties	SRG	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1214344	R Bruce Berkowitz	C/O Fairholme Capital Management, L.l.c 4400 Biscayne Boulevard, 9Th Floor Miami FL 33137		No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-04	62,900	$40.05	3,290,781	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-04	62,900	$40.05	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-04	62,900	$40.05	3,618,650	No	4	J	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-04	14,900	$40.05	568,598	No	4	J	Direct
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-04	14,900	$40.05	0	No	4	J	Direct
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-04	14,900	$40.05	0	No	4	J	Direct
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-04	200	$40.05	3,290,581	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-04	200	$40.05	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-04	200	$40.05	3,618,650	No	4	J	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-05	5,500	$40.06	3,285,081	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-05	5,500	$40.06	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-05	5,500	$40.06	3,618,650	No	4	J	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-05	40,800	$40.02	3,244,281	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-05	40,800	$40.02	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-05	40,800	$40.02	3,618,650	No	4	J	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-05	10,900	$40.02	557,698	No	4	J	Direct
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-05	10,900	$40.02	0	No	4	J	Direct
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-05	10,900	$40.02	0	No	4	J	Direct
Class C Non-Voting Common Shares, $0.01 Par Value	Disposition	2017-12-05	8,300	$40.02	3,235,981	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Acquisiton	2017-12-05	8,300	$40.02	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-05	8,300	$40.02	3,618,650	No	4	J	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-06	18,600	$40.04	3,600,050	No	4	S	Indirect	See Footnote
Class A Common Shares, $0.01 Par Value	Disposition	2017-12-06	177,752	$0.00	3,422,298	No	4	J	Indirect	See Footnote
Class C Non-Voting Common Shares, $0.01 Par Value	Acquisiton	2017-12-06	177,752	$0.00	3,395,883	No	4	J	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Direct
No	4	J	Direct
No	4	J	Direct
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Direct
No	4	J	Direct
No	4	J	Direct
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote

Footnotes

The securities were held in account(s) managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person"). The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
The securities may be deemed to be beneficially owned by the Reporting Person because he controls the sole member of a registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to separate series of a registered investment company and managed accounts. The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Due to a contractual restriction on the sale of the Class C Non-Voting Common Shares, $0.01 par value ("Class C Shares"), the account(s) sold Class A Common Shares, $0.01 par value ("Class A Shares") in the market while effecting a conversion of its Class C Shares to Class A Shares (via a transfer agent).
The securities were held in account(s) managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the account(s) except to the extent of his pecuniary interest, if any therein.
The securities are held in account(s) managed indirectly by the Reporting Person and were converted to Class C Shares pursuant to the Exchange Agreement by and among Fairholme Capital Management, L.L.C and Seritage Growth Properties. The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
The reported securities were directly owned by The Fairholme Allocation Fund, a series of Fairholme Funds, Inc. (the "Allocation Fund"), managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the Allocation Fund except to the extent of his pecuniary interest, if any, therein.
The amount reported in Column 5 accounts for 17,850 shares now held in account(s) over which the Reporting Person no longer has beneficial ownership.