Form Type: 4

SEC EDGAR Link
Acccession Number:0000899243-19-021731
Date:2019-08-12
Issuer: SERITAGE GROWTH PROPERTIES (SRG)
Original Submission Date:

Reporting Person:

LAMPERT EDWARD S
1170 KANE CONCOURSE, SUITE 200
BAY HARBOR ISLANDS, FL 33154

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A COMMON SHARES 2019-08-12 S 38,652 d $39.24 237,629 indirect f2,f3,f4,f5
CLASS A COMMON SHARES 2019-08-12 P 38,652 a $39.24 646,905 f3 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PARTNERSHIP UNITS 0.0 2019-08-12 deemed execution date S 683,081 (d) 2016-07-07 class a common shares 4,199,465 $0.00 4,199,465 indirect see footnotes
PARTNERSHIP UNITS 0.0 2019-08-12 deemed execution date P 683,081 (a) 2016-07-07 class a common shares 14,774,022 $0.00 14,774,022 direct
Footnotes
IDfootnote
f1 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.
f2 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.
f3 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.
f4 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.
f5 represents class a shares directly beneficially owned by partners.
f6 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.
f7 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.
f8 the partnership units do not expire.
f9 represents partnership units directly beneficially owned by partners.

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