1700480 Ontario Form 4 MACERICH / TEACHERS PENSION PLAN BOARD ONTARIO ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ONTARIO TEACHERS PENSION PLAN BOARD

(Last)

(First)

(Middle)

5650 YONGE STREET, 3RD FLOOR

(Street)

TORONTO, ONTARIO

M2M 4H5

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MACERICH CO [ MAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	01/27/2021		S		7,000,000	D	$19.25⁽¹⁾	17,562,964	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		4,951,814	D	$19.09⁽³⁾	12,611,150	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		6,201,597	D	$20.26⁽⁴⁾	6,409,553	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		4,080,364	D	$21.21⁽⁵⁾	2,329,189	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		706,959	D	$22.03⁽⁶⁾	1,622,230	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		372,230	D	$22.75⁽⁷⁾	1,250,000	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		400,000	D	$24.93⁽⁸⁾	850,000	I	See Note⁽²⁾
Common Stock, par value $0.01 per share	01/27/2021		S		850,000	D	$25.75⁽⁹⁾	0	I	See Note⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

ONTARIO TEACHERS PENSION PLAN BOARD

(Last)

(First)

(Middle)

5650 YONGE STREET, 3RD FLOOR

(Street)

TORONTO, ONTARIO

M2M 4H5

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

1700480 ONTARIO INC

(Last)

(First)

(Middle)

20 QUEEN STREET WEST

(Street)

TORONTO

M5H 3R4

(City)

(State)

(Zip)

Explanation of Responses:

1. The shares of Common Stock were sold in a block trade at a price of $19.25 per share.

2. The shares of Common Stock were owned directly by 1700480 Ontario Inc., which is a wholly owned subsidiary of Ontario Teachers' Pension Plan Board. Ontario Teachers' Pension Plan Board was an indirect beneficial owner of such reported securities.

3. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $18.60 to $19.59. The reporting persons undertake to provide the issuer, any stockholder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) and (9) to this Form 4.

4. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $19.60 to $20.59.

5. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $20.60 to $21.59.

6. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $21.60 to $22.59.

7. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $22.60 to $23.59.

8. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $24.60 to $25.59.

9. The price reported in Column 4 is a weighted average price per share. The shares of Common Stock were sold in multiple transactions at prices ranging from $25.60 to $26.59.

Remarks:

	/s/ Sandra Hardy, Authorized Person on behalf of 1700480 Ontario Inc.	01/28/2021
	/s/ Rossana Di Lieto, Senior Managing Director and Chief Compliance Officer on behalf of Ontario Teachers' Pension Plan Board	01/28/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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1700480 Ontario Form 4MACERICH / TEACHERS PENSION PLAN BOARD ONTARIO ownership change