Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - WARRANTS (Tables)
(http://www.ggp.com/role/WarrantsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Warrants [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Warrants [Abstract]
 
Schedule of Warrants received
Brookfield owns 73,930,000 warrants (the “Warrants”) to purchase common stock of GGP with an initial weighted average exercise price of $10.70. Each Warrant was fully vested upon issuance, has a term of seven years and expires on November 9, 2017. Below is a summary of Warrants that were originally issued and are still outstanding.
Warrant Holder
 
Number of Warrants
 
Initial
Exercise Price
Brookfield - A
 
57,500,000

 
$
10.75

Brookfield - B
 
16,430,000

 
10.50

 
 
73,930,000

 
 

 
 
Schedule of shares issuable upon exercise of the outstanding GGP warrants
The exercise prices of the Warrants are subject to adjustment for future dividends, stock dividends, distribution of assets, stock splits or reverse splits of our common stock or certain other events. In accordance with the agreement, these calculations adjust both the exercise price and the number of shares issuable for the 73,930,000 Warrants. During 2015 and 2016, the number of shares issuable upon exercise of the outstanding Warrants changed as follows:
 
 
 
 
Exercise Price
Record Date
 
Issuable Shares
 
Brookfield - A
 
Brookfield - B
April 15, 2015
 
87,856,714

 
$
9.05

 
$
8.84

July 15, 2015
 
88,433,357

 
8.99

 
8.78

October 15, 2015
 
89,039,571

 
8.93

 
8.72

December 15, 2015
 
89,697,535

 
8.86

 
8.66

April 15, 2016
 
90,288,964

 
8.80

 
8.60

July 15, 2016
 
90,865,607

 
8.75

 
8.54

October 14, 2016
 
91,553,142

 
8.68

 
8.48

December 15, 2016
 
92,344,178

 
8.61

 
8.41

December 27, 2016
 
93,268,285

 
8.52

 
8.32

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