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Filing Details

Accession Number:
0000899243-19-021731
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-08-14 17:15:56
Reporting Period:
2019-08-12
Accepted Time:
2019-08-14 17:15:56
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
1183200 S Edward Lampert 1170 Kane Concourse, Suite 200
Bay Harbor Islands FL 33154
No No No Yes
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 Disposition 2019-08-12 38,652 $39.24 237,629 No 4 S Indirect See Footnotes
Class A Common Shares Acquisiton 2019-08-12 38,652 $39.24 646,905 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnotes
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Shares Partnership Units Disposition 2019-08-12 683,081 $39.24 4,199,465 $0.00
Class A Common Shares Partnership Units Acquisiton 2019-08-12 683,081 $39.24 14,774,022 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,199,465 2016-07-07 No 4 S Indirect
14,774,022 2016-07-07 No 4 P Direct
Footnotes
  1. Represents a cross-trade between ESL Partners, L.P. ("Partners") and Edward S. Lampert, in which Partners disposed of and Mr. Lampert acquired Class A common shares of beneficial interest of Seritage Growth Properties (the "Issuer"), par value $0.01 per share ("Class A Shares"). The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.
  2. This statement is filed by and on behalf of Mr. Lampert. Mr. Lampert and Partners are the direct beneficial owners of the securities covered by this statement.
  3. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise, the beneficial owner of any securities covered by this statement. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
  4. RBS Partners, L.P. ("RBS") is the general partner of, and may be deemed to beneficially own securities owned by, Partners. Mr. Lampert is a limited partner of, and may be deemed to beneficially own certain securities owned by, RBS. ESL Investments, Inc. ("ESL") is the general partner of, and may be deemed to beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to beneficially own securities owned by, ESL.
  5. Represents Class A Shares directly beneficially owned by Partners.
  6. Pursuant to the agreement of limited partnership of Seritage Growth Properties, L.P. (the "Operating Partnership"), the limited partnership interests (the "Partnership Units") of the Operating Partnership may be redeemed, at the request of the holder of such Partnership Units, for a determinable amount in cash, or at the option of the Issuer, Class A Shares at the rate of one Class A Share for each Partnership Unit redeemed.
  7. Represents a cross-trade between Partners and Mr. Lampert, in which Partners disposed of and Mr. Lampert acquired Partnership Units. The reported transactions occurred simultaneously at no profit to the reporting person and resulted in no change in the aggregate beneficial ownership of the reporting person.
  8. The Partnership Units do not expire.
  9. Represents Partnership Units directly beneficially owned by Partners.