FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

CHUPAILA JARED

2. Date of Event Requiring Statement (MM/DD/YYYY)
7/1/2017 

3. Issuer Name and Ticker or Trading Symbol

GGP Inc. [GGP]

(Last)        (First)        (Middle)

C/O GGP INC., 110 NORTH WACKER DRIVE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
EVP, Leasing /

(Street)

CHICAGO, IL 60606       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   17390   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy)     (2) 1/7/2023   Common Stock   20366   $19.05   D    
Stock Options (Right to Buy)     (3) 8/15/2023   Common Stock   50517   $20.01   D    
Stock Options (Right to Buy)     (4) 11/12/2023   Common Stock   50594   $20.4   D    
LTIP Units   (5) (6)   (5) (6)   (5) (6) Common Stock   13413   $0   D    
LTIP Units   (5) (7)   (5) (7)   (5) (7) Common Stock   4525   $0   D    
LTIP Units   (8) (9)   (8) (9)   (8) (9) Common Stock   20181     (8) (9) D    
LTIP Units   (8) (10)   (8) (10)   (8) (10) Commonn Stock   76563     (8) (10) D    

Explanation of Responses:
(1)  Includes 14,289 shares of unvested Restricted Stock.
(2)  Options were granted on January 7, 2013 and vest 20% a year starting on January 7, 2014.
(3)  Options were granted on August 15, 2013 and vest 25% a year starting on August 15, 2014.
(4)  Options were granted on November 12, 2013 and vest 25% a year starting on November 12, 2014.
(5)  The reporting person received a grant of restricted limited partnership interests ("Limited FV LTIP Units") in GGP Operating Partnership, LP (the "Operating Partnership"), an operating partnership of GGP Inc. (the "Company"), pursuant to the Company's 2010 Equity Incentive Plan. Limited FV LTIP Units are a class of units of the Operating Partnership that, conditioned upon minimum allocations to the capital accounts of the Limited FV LTIP Units for federal income tax purposes, are convertible by the holder into an equivalent number of common units of the Operating Partnership ("OP Units"), which are redeemable by the holder for common shares of the Company on an approximately one-for-one basis or the cash value of such shares, at the Company's option. Allocations to the capital accounts of Limited FV LTIP Units will be made only to the extent the book gains exceed prior book losses incurred since the issuance of such Limited FV LTIP Units.
(6)  The January 6, 2015 grant vests in 25% increments on each of January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019. The rights to convert Limited FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.
(7)  The January 6, 2017 grant vests in 25% increments on each of January 6, 2018, January 6, 2019, January 6, 2020 and January 6, 2021. The rights to convert Limited FV LTIP Units into OP Units and redeem OP Units do not have expiration dates.
(8)  The reporting person received a grant of restricted limited partnership interests ("AO LTIP Units") in the Operating Partnership, pursuant to the Company's 2010 Equity Incentive Plan. AO LTIP Units are a class of units of the Operating Partnership similar to option awards that, conditioned upon minimum allocations to the capital accounts of the AO LTIP Units for federal income tax purposes, are convertible by the holder into a number of OP Units determined by the increase in the value of a share of GGP common stock at the time of conversion over the value of a share of GGP common stock at the time of grant. The right to convert AO LTIP Units into OP Units has a maximum term of 10 years. The right to redeem OP Units does not have an expiration date. AO LTIP Units are generally entitled to distributions equivalent to approximately 10% of the dividends paid on GGP common stock.
(9)  The January 6, 2015 grant vests in 25% increments on each of January 6, 2016, January 6, 2017, January 6, 2018 and January 6, 2019.
(10)  The February 18, 2016 grant vests in 25% increments on each of February 18, 2017, February 18, 2018, February 18, 2019 and February 18, 2020.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CHUPAILA JARED
C/O GGP INC.
110 NORTH WACKER DRIVE
CHICAGO, IL 60606


EVP, Leasing

Signatures
/s/ Stacie L. Herron, by power of attorney 7/5/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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