Statement of Changes in Beneficial Ownership (4)
August 04 2020 - 4:36PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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
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1. Name and Address of Reporting Person
*
LEBOVITZ ALAN L. |
2. Issuer Name and Ticker or Trading Symbol
CBL & ASSOCIATES PROPERTIES INC
[
CBL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP - Management |
(Last)
(First)
(Middle)
CBL CENTER, SUITE 500, 2030 HAMILTON PLACE BLVD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/31/2020 |
(Street)
CHATTANOOGA, TN 37421
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 7/31/2020 | | C | | 52980 | A | $0 (1) | 52980 | I (2) | By Trust (3) |
Common Stock | 7/31/2020 | | C | | 155847 | A | $0 (1) | 270591 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Common Units | (4) | 7/31/2020 | | C | | | 52980 | (5) | 11/3/2043 | Common Stock | 52980 | (1) | 0 | I (2) | By Trust (3) |
Common Units | (4) | 7/31/2020 | | C | | | 155847 | (5) | 11/3/2043 | Common Stock | 155847 | (1) | 0 | D | |
Explanation of Responses: |
(1) | The Reporting Person redeemed units of limited partnership interest ("Units") of CBL Associates Limited Partnership, of which a wholly owned subsidiary of the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem reporting person's Units with Common Stock. |
(2) | The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
(3) | By Alan L. Lebovitz and Allison G. Lebovitz Irrevocable Trust U/A dated 3/24/2003, Michael I. Lebovitz, Trustee |
(4) | The Common Units are exercisable on a 1 to 1 ratio with no exercise price. |
(5) | Immediately exercisable. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
LEBOVITZ ALAN L. CBL CENTER, SUITE 500 2030 HAMILTON PLACE BLVD. CHATTANOOGA, TN 37421 |
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| Executive VP - Management |
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Signatures
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/s/ Jeffery V. Curry, attorney-in-fact for Alan Lebovitz | | 8/4/2020 |
**Signature of Reporting Person | Date |
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