Form 4 for ELS EQUITY LIFESTYLE PROPERTIES INC
Accepted 2023-02-24 00:00:00 ET · period of report 2023-02-22 · accession 0001140361-23-008576 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-02-24 | 2023-02-22 | ELS | ZELL SAMUEL | COB, Dir | J - Other | $0.00 | 0 | 116.4K | New | $0 |
| MI | 2023-02-24 | 2023-02-22 | ELS | ZELL SAMUEL | COB, Dir | G - Gift | $0.00 | -345.0K | 1,428 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $.01 | 2023-02-22 | J | A | 93,333 | $0.00 | 116,428 | I By ZFT JoAnn Trust | — | — | (F1) These shares were distributed in-kind and for no consideration by Samstock (defined in footnote 2 below) to its sole member, SZ (defined in footnote 2 below), and then to ZFT Partnership, which is an Illinois partnership and co-owner of SZ, and then pro-rata to the ZFT Trusts (defined in footnote 4 below), which are the owners of ZFT Partnership. (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 2 | Common | Common Stock, par value $.01 | 2023-02-22 | J | D | 300,000 | $0.00 | 1,056,384 | I By Samstock, L.L.C. | — | — | (F1) These shares were distributed in-kind and for no consideration by Samstock (defined in footnote 2 below) to its sole member, SZ (defined in footnote 2 below), and then to ZFT Partnership, which is an Illinois partnership and co-owner of SZ, and then pro-rata to the ZFT Trusts (defined in footnote 4 below), which are the owners of ZFT Partnership. (F3) Mr. Zell disclaims beneficial ownership of the reported securities except to the extent, if any, of its or his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Zell is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") or for any other purpose. (F2) Samstock, L.L.C. is a Delaware limited liability company ("Samstock") whose sole member is SZ Investments, L.L.C., a Delaware limited liability company ("SZ"). The managing member of SZ is Chai Trust Company, L.L.C., an Illinois limited liability company ("Chai Trust"). Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 3 | Common | Common Stock, par value $.01 | 2023-02-22 | J | A | 20,001 | $0.00 | 50,880 | I By ZFT Grandchildren Trust | — | — | (F1) These shares were distributed in-kind and for no consideration by Samstock (defined in footnote 2 below) to its sole member, SZ (defined in footnote 2 below), and then to ZFT Partnership, which is an Illinois partnership and co-owner of SZ, and then pro-rata to the ZFT Trusts (defined in footnote 4 below), which are the owners of ZFT Partnership. (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 4 | Common | Common Stock, par value $.01 | 2023-02-22 | G | D | 115,000 | $0.00 | 1,428 | I By ZFT JoAnn Trust | — | — | (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 5 | Common | Common Stock, par value $.01 | 2023-02-22 | G | D | 115,000 | $0.00 | 1,428 | I By ZFT Matthew Trust | — | — | (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 6 | Common | Common Stock, par value $.01 | 2023-02-22 | J | A | 93,333 | $0.00 | 116,428 | I By ZFT Matthew Trust | — | — | (F1) These shares were distributed in-kind and for no consideration by Samstock (defined in footnote 2 below) to its sole member, SZ (defined in footnote 2 below), and then to ZFT Partnership, which is an Illinois partnership and co-owner of SZ, and then pro-rata to the ZFT Trusts (defined in footnote 4 below), which are the owners of ZFT Partnership. (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 7 | Common | Common Stock, par value $.01 | 2023-02-22 | G | D | 115,000 | $0.00 | 1,428 | I By ZFT Kellie Trust | — | — | (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |
| 8 | Common | Common Stock, par value $.01 | 2023-02-22 | J | A | 93,333 | $0.00 | 116,428 | I By ZFT Kellie Trust | — | — | (F1) These shares were distributed in-kind and for no consideration by Samstock (defined in footnote 2 below) to its sole member, SZ (defined in footnote 2 below), and then to ZFT Partnership, which is an Illinois partnership and co-owner of SZ, and then pro-rata to the ZFT Trusts (defined in footnote 4 below), which are the owners of ZFT Partnership. (F4) ZFT Kellie Trust, ZFT Matthew Trust, ZFT JoAnn Trust and ZFT Grandchildren Trust (collectively, the "ZFT Trusts") are trusts established for the benefit of Mr. Zell and members of his family (the "Zell Family"). The trustee of each of the ZFT Trusts is Chai Trust. Mr. Zell is not an officer or director of Chai Trust and does not have voting or dispositive power over such shares. |