Ackman william a - see footnotes investment history in Howard hughes corp

Filed on 2012-06-07 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001181431-12-035322.txt Sec File: edgar/data/1056513/0001181431-12-035322-index.htm

2012-06-05 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares at $58.38 remaining shares owned 5

Cash Settled Total Return Swaps Howard Hughes Corp Hhc item expiration due date 2013-12-31 underlying security shares 1501003 underlying security title Common Stock Par Value 0 01 Per Share

f7 the reporting persons unwound the total return swaps set forth on the first two rows of table ii that were set to expire on august 29, 2012 and november 9, 2012, respectively, and concurrently entered into the total return swaps set forth on the last two rows of table ii. as a result of these transactions, there was no net change in the notional number of shares of the issuer's common stock underlying the total return swaps.
f8 as reported on the form 3 filed by the reporting persons on november 19, 2010, in addition to the total return swaps set forth on table ii, the reporting persons own (i) a total return swap with 1,250,836 underlying notional shares of common stock expiring on october 29, 2015, (ii) a total return swap with 1,501,002 underlying notional shares of common stock expiring on january 31, 2013 and (iii) warrants to purchase 1,916,667 shares of common stock.
f1 in addition to william a. ackman, a citizen of the united states of america, this form 4 is being filed jointly by pershing square capital management, l.p., a delaware limited partnership ("pershing square capital"), ps management gp, llc, a delaware limited liability company ("ps management"), and pershing square gp, llc, a delaware limited liability company ("pershing square gp" and collectively, the "reporting persons"), each of whom has the same business address as mr. ackman and may be deemed to have a pecuniary interest in the securities reported on this form 4 (the "subject securities").
f2 pershing square capital advises the accounts of pershing square, l.p., a delaware limited partnership ("ps"), pershing square ii, l.p., a delaware limited partnership ("ps ii"), pershing square international, ltd., a cayman islands exempted company (together with its wholly-owned subsidiary psrh, inc., a cayman islands corporation, "pershing square international" and together with ps and ps ii, the "pershing square funds"). ps management is the general partner of pershing square capital. pershing square gp is the general partner of each of ps and ps ii.
f3 pershing square capital, as the investment adviser to the pershing square funds, may be deemed to be the beneficial owner of the securities set forth on table ii hereof (the "subject securities") for purposes of rule 16a-1(a) of the securities exchange act of 1934. as the general partner of pershing square capital, ps management may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a). as the general partner of ps and ps ii, pershing square gp may be deemed to be the beneficial owner of the shares of subject securities owned by ps and ps ii for purposes of rule 16a-1(a). by virtue of william a. ackman's position as chief executive officer of pershing square capital and managing member of of each of ps management and pershing square gp, william a. ackman may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a).
f4 each of the reporting persons disclaims any beneficial ownership of any of the securities listed in this form 4, except to the extent of any pecuniary interest therein.
f5 the total return swaps set forth on table ii do not give the reporting persons direct or indirect voting, investment or dispositive control over any securities of the issuer and does not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer.
f6 under the terms of each total return swap (i) the applicable pershing square fund is obligated to pay to the bank counterparty any negative price performance from the reference price set forth in table ii for each notional share of the issuer's common stock, par value $0.01 per share ("common stock") subject to such swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to the applicable pershing square fund any positive price performance from the reference price set forth in table ii for each notional share of the issuer's common stock subject to the swap as of the expiration date. any dividends received by the counterparty on such notional shares of common stock during the term of the swap were to be paid to the applicable pershing square fund. all balances will be settled in cash.


Filed on 2012-06-07 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001181431-12-035322.txt Sec File: edgar/data/1056513/0001181431-12-035322-index.htm

2012-06-05 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares at $58.38 remaining shares owned 5

Cash Settled Total Return Swaps Howard Hughes Corp Hhc item expiration due date 2014-06-30 underlying security shares 1146998 underlying security title Common Stock Par Value 0 01 Per Share

f7 the reporting persons unwound the total return swaps set forth on the first two rows of table ii that were set to expire on august 29, 2012 and november 9, 2012, respectively, and concurrently entered into the total return swaps set forth on the last two rows of table ii. as a result of these transactions, there was no net change in the notional number of shares of the issuer's common stock underlying the total return swaps.
f8 as reported on the form 3 filed by the reporting persons on november 19, 2010, in addition to the total return swaps set forth on table ii, the reporting persons own (i) a total return swap with 1,250,836 underlying notional shares of common stock expiring on october 29, 2015, (ii) a total return swap with 1,501,002 underlying notional shares of common stock expiring on january 31, 2013 and (iii) warrants to purchase 1,916,667 shares of common stock.
f1 in addition to william a. ackman, a citizen of the united states of america, this form 4 is being filed jointly by pershing square capital management, l.p., a delaware limited partnership ("pershing square capital"), ps management gp, llc, a delaware limited liability company ("ps management"), and pershing square gp, llc, a delaware limited liability company ("pershing square gp" and collectively, the "reporting persons"), each of whom has the same business address as mr. ackman and may be deemed to have a pecuniary interest in the securities reported on this form 4 (the "subject securities").
f2 pershing square capital advises the accounts of pershing square, l.p., a delaware limited partnership ("ps"), pershing square ii, l.p., a delaware limited partnership ("ps ii"), pershing square international, ltd., a cayman islands exempted company (together with its wholly-owned subsidiary psrh, inc., a cayman islands corporation, "pershing square international" and together with ps and ps ii, the "pershing square funds"). ps management is the general partner of pershing square capital. pershing square gp is the general partner of each of ps and ps ii.
f3 pershing square capital, as the investment adviser to the pershing square funds, may be deemed to be the beneficial owner of the securities set forth on table ii hereof (the "subject securities") for purposes of rule 16a-1(a) of the securities exchange act of 1934. as the general partner of pershing square capital, ps management may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a). as the general partner of ps and ps ii, pershing square gp may be deemed to be the beneficial owner of the shares of subject securities owned by ps and ps ii for purposes of rule 16a-1(a). by virtue of william a. ackman's position as chief executive officer of pershing square capital and managing member of of each of ps management and pershing square gp, william a. ackman may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a).
f4 each of the reporting persons disclaims any beneficial ownership of any of the securities listed in this form 4, except to the extent of any pecuniary interest therein.
f5 the total return swaps set forth on table ii do not give the reporting persons direct or indirect voting, investment or dispositive control over any securities of the issuer and does not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer.
f6 under the terms of each total return swap (i) the applicable pershing square fund is obligated to pay to the bank counterparty any negative price performance from the reference price set forth in table ii for each notional share of the issuer's common stock, par value $0.01 per share ("common stock") subject to such swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to the applicable pershing square fund any positive price performance from the reference price set forth in table ii for each notional share of the issuer's common stock subject to the swap as of the expiration date. any dividends received by the counterparty on such notional shares of common stock during the term of the swap were to be paid to the applicable pershing square fund. all balances will be settled in cash.


Filed on 2012-06-07 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001181431-12-035322.txt Sec File: edgar/data/1056513/0001181431-12-035322-index.htm

2012-06-05 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp sold 1 shares at $38.5 remaining shares owned 3

Cash Settled Total Return Swaps Howard Hughes Corp Hhc exercise price 58.38 has valueitem expiration due date 2012-11-09 underlying security shares 1501003 underlying security title Common Stock Par Value 0 01 Per Share

f7 the reporting persons unwound the total return swaps set forth on the first two rows of table ii that were set to expire on august 29, 2012 and november 9, 2012, respectively, and concurrently entered into the total return swaps set forth on the last two rows of table ii. as a result of these transactions, there was no net change in the notional number of shares of the issuer's common stock underlying the total return swaps.
f8 as reported on the form 3 filed by the reporting persons on november 19, 2010, in addition to the total return swaps set forth on table ii, the reporting persons own (i) a total return swap with 1,250,836 underlying notional shares of common stock expiring on october 29, 2015, (ii) a total return swap with 1,501,002 underlying notional shares of common stock expiring on january 31, 2013 and (iii) warrants to purchase 1,916,667 shares of common stock.
f1 in addition to william a. ackman, a citizen of the united states of america, this form 4 is being filed jointly by pershing square capital management, l.p., a delaware limited partnership ("pershing square capital"), ps management gp, llc, a delaware limited liability company ("ps management"), and pershing square gp, llc, a delaware limited liability company ("pershing square gp" and collectively, the "reporting persons"), each of whom has the same business address as mr. ackman and may be deemed to have a pecuniary interest in the securities reported on this form 4 (the "subject securities").
f2 pershing square capital advises the accounts of pershing square, l.p., a delaware limited partnership ("ps"), pershing square ii, l.p., a delaware limited partnership ("ps ii"), pershing square international, ltd., a cayman islands exempted company (together with its wholly-owned subsidiary psrh, inc., a cayman islands corporation, "pershing square international" and together with ps and ps ii, the "pershing square funds"). ps management is the general partner of pershing square capital. pershing square gp is the general partner of each of ps and ps ii.
f3 pershing square capital, as the investment adviser to the pershing square funds, may be deemed to be the beneficial owner of the securities set forth on table ii hereof (the "subject securities") for purposes of rule 16a-1(a) of the securities exchange act of 1934. as the general partner of pershing square capital, ps management may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a). as the general partner of ps and ps ii, pershing square gp may be deemed to be the beneficial owner of the shares of subject securities owned by ps and ps ii for purposes of rule 16a-1(a). by virtue of william a. ackman's position as chief executive officer of pershing square capital and managing member of of each of ps management and pershing square gp, william a. ackman may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a).
f4 each of the reporting persons disclaims any beneficial ownership of any of the securities listed in this form 4, except to the extent of any pecuniary interest therein.
f5 the total return swaps set forth on table ii do not give the reporting persons direct or indirect voting, investment or dispositive control over any securities of the issuer and does not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer.
f6 under the terms of each total return swap (i) the applicable pershing square fund is obligated to pay to the bank counterparty any negative price performance from the reference price set forth in table ii for each notional share of the issuer's common stock, par value $0.01 per share ("common stock") subject to such swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to the applicable pershing square fund any positive price performance from the reference price set forth in table ii for each notional share of the issuer's common stock subject to the swap as of the expiration date. any dividends received by the counterparty on such notional shares of common stock during the term of the swap were to be paid to the applicable pershing square fund. all balances will be settled in cash.


Filed on 2012-06-07 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001181431-12-035322.txt Sec File: edgar/data/1056513/0001181431-12-035322-index.htm

2012-06-05 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp sold 1 shares at $36.5 remaining shares owned 3

Cash Settled Total Return Swaps Howard Hughes Corp Hhc exercise price 58.38 has valueitem expiration due date 2012-08-29 underlying security shares 1146998 underlying security title Common Stock Par Value 0 01 Per Share

f7 the reporting persons unwound the total return swaps set forth on the first two rows of table ii that were set to expire on august 29, 2012 and november 9, 2012, respectively, and concurrently entered into the total return swaps set forth on the last two rows of table ii. as a result of these transactions, there was no net change in the notional number of shares of the issuer's common stock underlying the total return swaps.
f8 as reported on the form 3 filed by the reporting persons on november 19, 2010, in addition to the total return swaps set forth on table ii, the reporting persons own (i) a total return swap with 1,250,836 underlying notional shares of common stock expiring on october 29, 2015, (ii) a total return swap with 1,501,002 underlying notional shares of common stock expiring on january 31, 2013 and (iii) warrants to purchase 1,916,667 shares of common stock.
f1 in addition to william a. ackman, a citizen of the united states of america, this form 4 is being filed jointly by pershing square capital management, l.p., a delaware limited partnership ("pershing square capital"), ps management gp, llc, a delaware limited liability company ("ps management"), and pershing square gp, llc, a delaware limited liability company ("pershing square gp" and collectively, the "reporting persons"), each of whom has the same business address as mr. ackman and may be deemed to have a pecuniary interest in the securities reported on this form 4 (the "subject securities").
f2 pershing square capital advises the accounts of pershing square, l.p., a delaware limited partnership ("ps"), pershing square ii, l.p., a delaware limited partnership ("ps ii"), pershing square international, ltd., a cayman islands exempted company (together with its wholly-owned subsidiary psrh, inc., a cayman islands corporation, "pershing square international" and together with ps and ps ii, the "pershing square funds"). ps management is the general partner of pershing square capital. pershing square gp is the general partner of each of ps and ps ii.
f3 pershing square capital, as the investment adviser to the pershing square funds, may be deemed to be the beneficial owner of the securities set forth on table ii hereof (the "subject securities") for purposes of rule 16a-1(a) of the securities exchange act of 1934. as the general partner of pershing square capital, ps management may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a). as the general partner of ps and ps ii, pershing square gp may be deemed to be the beneficial owner of the shares of subject securities owned by ps and ps ii for purposes of rule 16a-1(a). by virtue of william a. ackman's position as chief executive officer of pershing square capital and managing member of of each of ps management and pershing square gp, william a. ackman may be deemed to be the beneficial owner of the subject securities for purposes of rule 16a-1(a).
f4 each of the reporting persons disclaims any beneficial ownership of any of the securities listed in this form 4, except to the extent of any pecuniary interest therein.
f5 the total return swaps set forth on table ii do not give the reporting persons direct or indirect voting, investment or dispositive control over any securities of the issuer and does not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the issuer.
f6 under the terms of each total return swap (i) the applicable pershing square fund is obligated to pay to the bank counterparty any negative price performance from the reference price set forth in table ii for each notional share of the issuer's common stock, par value $0.01 per share ("common stock") subject to such swap as of the expiration date, plus interest at the rates set forth in the contract, and (ii) the bank counterparty was obligated to pay to the applicable pershing square fund any positive price performance from the reference price set forth in table ii for each notional share of the issuer's common stock subject to the swap as of the expiration date. any dividends received by the counterparty on such notional shares of common stock during the term of the swap were to be paid to the applicable pershing square fund. all balances will be settled in cash.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares remaining shares owned 4

Cash-Settled Total Return Swap Howard Hughes Corp Hhc exercise price 38.50 has valueitem expiration due date 2012-11-09 underlying security shares 1501003 underlying security title Common Stock Par Value 0 01 Per Share

f5 each of the pershing square funds entered into various cash-settled total return swaps (each a "swap") with respect to a notional number of shares of old ggp common stock prior to the spin-off of the company from old ggp. immediately following the spin-off and for no additional consideration, each outstanding swap was converted into a new cash-settled total return swap relating to notional shares of new ggp common stock and a separate cash-settled total return swap relating to notional shares of company common stock (each an "hhc swap"). (continued in footnote 6)
f6 generally, at the expiration date of each hhc swap (as set forth in table ii) (i) the applicable pershing square fund is obligated to pay the counterparty, in cash, an amount based on the decrease in price of the company's shares of common stock from the reference price set forth in table ii, or (ii) the counterparty is obligated to pay the applicable pershing square fund, in cash, an amount based on the increase in price of the company's shares of common stock from the reference price set forth in table ii. the hhc swaps do not give any of mr. ackman, the pershing square funds, ps management, pershing square or pershing square gp direct or indirect voting, investment or dispositive control over any securities of the company and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the company.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares remaining shares owned 3

Cash-Settled Total Return Swap Howard Hughes Corp Hhc exercise price 36.08 has valueitem expiration due date 2013-01-31 underlying security shares 1501002 underlying security title Common Stock Par Value 0 01 Per Share

f5 each of the pershing square funds entered into various cash-settled total return swaps (each a "swap") with respect to a notional number of shares of old ggp common stock prior to the spin-off of the company from old ggp. immediately following the spin-off and for no additional consideration, each outstanding swap was converted into a new cash-settled total return swap relating to notional shares of new ggp common stock and a separate cash-settled total return swap relating to notional shares of company common stock (each an "hhc swap"). (continued in footnote 6)
f6 generally, at the expiration date of each hhc swap (as set forth in table ii) (i) the applicable pershing square fund is obligated to pay the counterparty, in cash, an amount based on the decrease in price of the company's shares of common stock from the reference price set forth in table ii, or (ii) the counterparty is obligated to pay the applicable pershing square fund, in cash, an amount based on the increase in price of the company's shares of common stock from the reference price set forth in table ii. the hhc swaps do not give any of mr. ackman, the pershing square funds, ps management, pershing square or pershing square gp direct or indirect voting, investment or dispositive control over any securities of the company and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the company.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares remaining shares owned 2

Cash-Settled Total Return Swap Howard Hughes Corp Hhc exercise price 35.26 has valueitem expiration due date 2015-10-29 underlying security shares 1250836 underlying security title Common Stock Par Value 0 01 Per Share

f5 each of the pershing square funds entered into various cash-settled total return swaps (each a "swap") with respect to a notional number of shares of old ggp common stock prior to the spin-off of the company from old ggp. immediately following the spin-off and for no additional consideration, each outstanding swap was converted into a new cash-settled total return swap relating to notional shares of new ggp common stock and a separate cash-settled total return swap relating to notional shares of company common stock (each an "hhc swap"). (continued in footnote 6)
f6 generally, at the expiration date of each hhc swap (as set forth in table ii) (i) the applicable pershing square fund is obligated to pay the counterparty, in cash, an amount based on the decrease in price of the company's shares of common stock from the reference price set forth in table ii, or (ii) the counterparty is obligated to pay the applicable pershing square fund, in cash, an amount based on the increase in price of the company's shares of common stock from the reference price set forth in table ii. the hhc swaps do not give any of mr. ackman, the pershing square funds, ps management, pershing square or pershing square gp direct or indirect voting, investment or dispositive control over any securities of the company and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the company.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1 shares remaining shares owned 1

Cash-Settled Total Return Swap Howard Hughes Corp Hhc exercise price 36.50 has valueitem expiration due date 2012-08-29 underlying security shares 1146998 underlying security title Common Stock Par Value 0 01 Per Share

f5 each of the pershing square funds entered into various cash-settled total return swaps (each a "swap") with respect to a notional number of shares of old ggp common stock prior to the spin-off of the company from old ggp. immediately following the spin-off and for no additional consideration, each outstanding swap was converted into a new cash-settled total return swap relating to notional shares of new ggp common stock and a separate cash-settled total return swap relating to notional shares of company common stock (each an "hhc swap"). (continued in footnote 6)
f6 generally, at the expiration date of each hhc swap (as set forth in table ii) (i) the applicable pershing square fund is obligated to pay the counterparty, in cash, an amount based on the decrease in price of the company's shares of common stock from the reference price set forth in table ii, or (ii) the counterparty is obligated to pay the applicable pershing square fund, in cash, an amount based on the increase in price of the company's shares of common stock from the reference price set forth in table ii. the hhc swaps do not give any of mr. ackman, the pershing square funds, ps management, pershing square or pershing square gp direct or indirect voting, investment or dispositive control over any securities of the company and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the company.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1916667 shares remaining shares owned 1916667

Warrants Howard Hughes Corp Hhc exercise date 2010-11-09 exercise price 50.00 has valueitem expiration due date 2017-11-09 underlying security shares 1916667 underlying security title Common Stock Par Value 0 01 Per Share

f4 reflects warrants acquired by the pershing square funds pursuant to a warrant agreement, dated as of november 9, 2010, by and among mellon investor services llc, as warrant agent, and the company. the warrants are immediately exercisable from the date of issuance on a net share basis. the warrants were acquired by the pershing square funds pursuant to the terms of the investment agreement, which included an aggregate equity and debt investment by the pershing square funds of approximately $1.06 billion.


Filed on 2010-11-12 by Ackman William A SEC CIK 1056513 Form 4

Accession 0001104659-10-058221.txt Sec File: edgar/data/1056513/0001104659-10-058221-index.htm

2010-11-09 Ackman William A (CIK 1056513) through See Footnotes

Invested in Howard Hughes Corp bought 1212309 shares at $47.62 remaining shares owned 3568017

Common Stock Par Value 001 Per Share Howard Hughes Corp Hhc Transaction code: P Open market or private purchase of securities

f1 reflects shares of common stock of the howard hughes corporation (the "company") purchased pursuant to an investment agreement between general growth properties, inc. ("old ggp") and pershing square capital management, l.p. for the accounts of pershing square, l.p., pershing square ii, l.p. and pershing square international, ltd. (the "investment agreement"). these shares of common stock are held for the accounts of pershing square, l.p., pershing square ii, l.p., and pershing square international ltd. (including shares held for the account of its wholly owned subsidiary, psrh, inc.) (collectively, the "pershing square funds"). ps management gp, llc ("ps management") is the general partner of pershing square capital management, l.p. ("pershing square"), which acts as investment advisor to the pershing square funds. pershing square gp, llc ("pershing square gp") is the general partner of each of pershing square,l.p. and pershing square ii, l.p. (continued in footnote 2)
f2 by virtue of his position as managing member of each of ps management and pershing square gp, william a. ackman may be deemed to be the beneficial owner of the securities listed in tables i and ii.
f3 includes 2,355,708 shares of common stock of the company received by the pershing square funds pursuant to the completion of the spin-off of the company from old ggp and the distribution of the company's common stock and the common stock of the reorganized successor to old ggp ("new ggp") to holders of old ggp common stock on november 9, 2010.