Deep Breath Everyone, Ackman Did Not Sell General Growth Shares

• Posted by ToddSullivan
• on August 15th, 2009

So I am sitting there at the kids hockey practice Friday afternoon having a blast watching son #1 score some pretty goals and son #2 go “Abu Ghraibe” on a few kids when my blackberry starts going nuts. “Ackman sold GGP shares” were the emails and a few twitter DM’s said the same. Buzz kill…..

You see Pershing Square filed its 13F late Friday and General Growth was not listed as a holding….

Here is the story. General Growth Properties (GGWPQ) is no longer classified as a “reportable security” for the purposes of 13F filings by the SEC. Don’t ask we why they say it isn’t (my guess is because it is in bankruptcy) I make no claim as to being able to discern why the SEC does what it does, it just is…

BUT, as a member of the Board of General Growth, his activity as it relates to the stock would be reportable on a Form 4 filing. Because of that, if/when he does sell/buy actual shares, we will be notified ASAP as Form 4′s must be promptly filed….

Interesting note his being back in McDonalds (MCD)….

Here is the filing:

pers2q09

Disclosure (“none” means no position):Long MCD, GGWPQ

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