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10-K/A
MACERICH CO filed this Form 10-K/A on 04/30/2018
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c. Fully-Vested LTIP Units. The grant date fair values for fully-vested LTIP Unit awards, which represent each named executive officer’s annual incentive award earned for 2016 performance, were as follows:

 

Arthur M. Coppola

   $ 2,614,936  

Edward C. Coppola

   $ 2,112,000  

Thomas E. O’Hern

   $ 1,187,942  

Robert D. Perlmutter

   $ 1,187,942  

Thomas J. Leanse

   $ 895,966  

Assumptions used in the calculation of these amounts are set forth in footnote 19 to our audited financial statements for the fiscal year ended December 31, 2017 included in our Annual Report on Form 10-K filed with the SEC on February 23, 2018.

Stock Awards Reported in Year 2016

The amounts reflected in this column for 2016 relate to performance-based LTIP Units, service-based LTIP Units and fully-vested LTIP Units granted in 2016 under our LTIP and 2003 Incentive Plan. These amounts represent the value at the grant date computed in accordance with FASB ASC Topic 718, disregarding for this purpose the estimate of forfeitures related to service-based vesting conditions.

 

a. Performance-Based LTIP Units. The aggregate grant date fair values for the performance-based LTIP Unit awards based upon the probable outcome of the performance conditions as of the grant date were as follows:

 

Arthur M. Coppola

   $ 6,749,992  

Edward C. Coppola

   $ 2,699,965  

Thomas E. O’Hern

   $ 1,499,945  

Robert D. Perlmutter

   $ 1,124,999  

Thomas J. Leanse

   $ 1,031,209  

The maximum aggregate values for the performance-based LTIP Unit awards at the grant date assuming that the highest level of performance conditions would be achieved were as follows:

 

Arthur M. Coppola

   $ 10,214,870  

Edward C. Coppola

   $ 4,085,890  

Thomas E. O’Hern

   $ 2,269,890  

Robert D. Perlmutter

   $ 1,702,478  

Thomas J. Leanse

   $ 1,560,545  

 

b. Service-Based LTIP Units. The grant date fair values for service-based LTIP Unit awards were as follows:

 

Arthur M. Coppola

   $ 2,249,960  

Edward C. Coppola

   $ 899,936  

Thomas E. O’Hern

   $ 499,955  

Robert D. Perlmutter

   $ 374,966  

Thomas J. Leanse

   $ 343,739  

 

c. Fully-Vested LTIP Units. The grant date fair values for fully-vested LTIP Unit awards, which represent each named executive officer’s annual incentive award earned for 2015 performance, were as follows:

 

Arthur M. Coppola

   $ 3,299,947  

Edward C. Coppola

   $ 2,639,974  

Thomas E. O’Hern

   $ 1,361,210  

Robert D. Perlmutter

   $ 1,237,500  

Thomas J. Leanse

   $ 1,237,500  

Assumptions used in the calculation of these amounts are set forth in footnote 18 to our audited financial statements for the fiscal year ended December 31, 2016 included in our Annual Report on Form 10-K filed with the SEC on February 24, 2017.

 

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