Sec Form 4 Filing - LEBOVITZ MICHAEL I @ CBL & ASSOCIATES PROPERTIES INC - 2020-03-10

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
LEBOVITZ MICHAEL I
2. Issuer Name and Ticker or Trading Symbol
CBL & ASSOCIATES PROPERTIES INC [ CBL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President
(Last) (First) (Middle)
2030 HAMILTON PLACE BLVD., SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
03/10/2020
(Street)
CHATTANOOGA, TN374216000
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 03/10/2020 C 212,346 A $ 0 ( 1 ) 854,350.9886 D
Common Stock 03/10/2020 C 7,431 A $ 0 ( 1 ) 7,431 I ( 2 ) By Trust ( 3 )
Common Stock 03/10/2020 C 54,155 A $ 0 ( 1 ) 54,155 I ( 2 ) By Trust ( 4 )
Common Stock 1,830.099 I ( 2 ) By Spouse
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Units ( 5 ) 03/10/2020 C 212,346 ( 6 ) 11/03/2043 Common Stock 212,346 ( 1 ) 0 D
Common Units ( 5 ) 03/10/2020 C 7,431 ( 6 ) 11/03/2043 Common Stock 7,431 ( 1 ) 0 I ( 2 ) By Trust ( 3 )
Common Units ( 5 ) 03/10/2020 C 54,155 ( 6 ) 11/03/2043 Common Stock 54,155 ( 1 ) 0 I ( 2 ) By Trust ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LEBOVITZ MICHAEL I
2030 HAMILTON PLACE BLVD., SUITE 500
CHATTANOOGA, TN374216000
President
Signatures
/s/ Jeffery V. Curry, attorney-in-fact for Michael I. Lebovitz 03/12/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Reporting Person redeemed units of limited partnership interest ("Units") of CBL Associates Limited Partnership, of which a wholly owned subsidiary of the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem reporting person's Units with Common Stock.
( 2 )The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
( 3 )By Michael I. Lebovitz Irrevocable Trust U/A dated 1/06/1995, Charles B. Lebovitz, Trustee
( 4 )By Michael I. Lebovitz and Lauren B. Lebovitz Irrevocable Trust U/A dated 3/24/2003, Stephen D. Lebovitz, Trustee
( 5 )The Common Units are exerciseable on a 1 to 1 ratio with no exercise price.
( 6 )Immediately exercisable.

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* 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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