Ackman William A's Form 4 filing
Howard Hughes CorpHHC · filed Dec 7, 2022
- Accession no.
- 0000899243-22-037893
- Filed
- Dec 7, 2022, 5:13 PM ET
- Trade date
- Dec 5-7, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 3 non-derivative transactions. Open-market purchases total $49.5M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Ackman William ACIK 0001056513 | Director, 10% Owner |
| PSCM GP, LLCCIK 0001336477 | Director, 10% Owner |
| Pershing Square Capital Management, L.P.CIK 0001336528 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 5, 2022 | Common stock, par value $0.01 per share | PPurchaseAcquired | +568,681 | $75.61F4 | +$42,997,970.41 | 15,749,050 | Indirect | |
| Dec 6, 2022 | Common stock, par value $0.01 per share | PPurchaseAcquired | +47,033 | $72.82F4 | +$3,424,943.06 | 15,796,083 | Indirect | |
| Dec 7, 2022 | Common stock, par value $0.01 per share | PPurchaseAcquired | +41,446 | $73.15F4 | +$3,031,774.9 | 15,837,529 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F4
This Form 4 is being filed as a result of purchases in compliance with Rule 10b-18 under the Securities Exchange Act of 1934 ("Rule 10b-18"). On December 5, 2022, PSH purchased 568,681 shares of Common Stock in a privately negotiated block transaction, the consideration of which included the purchase price listed herein and a fee waiver from Pershing Square in favor of the block seller (and certain affiliates) for investments in PS and PS International. As of the date of this filing, the block seller's approximate investment in PS and PS International was less than $11,000,000.00. On December 6, 2022 and December 7, 2022, shares were purchased in open market transactions under Rule 10b-18. Further details are set out in the Schedule 13D/A filed the date hereof.
Referenced by the price of 3 transactions in Table I.