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:
Disclosure (“none” means no position):Long MCD, GGWPQ
4 replies on “Deep Breath Everyone, Ackman Did Not Sell General Growth Shares”
right on todd, good job pointing out the form4's as they'll definitely need to file those.
Odd that it isn't classified as reportable anymore. I'm sure there's an explanation on it by the SEC somewhere.
I don't know what it is, but every time I'm on your blog its extremely slow, lags every couple of seconds, and makes opening up other tabs really slow. I only mean this as constructive input, but you just have too damn much going on on your page. You're entitled to have all of the links and ads on your site, but it wouldn't hurt to try to figure out a way to tone it down so its easier to use the site.
I use the newest version of mozilla, have a computer thats 2 years old, and only have this problem on this website. My guess would be blogspot doesn't want to give you the right amount of bandwith, but I could be entirely wrong.
same problem
Market folly…thanks
others::
all blog issues will be taken care of first week Sept….