General Growth Properties Inc. (GGP)

[justthefactsmam]

ggp annual meeting set for may 13 and will apply to shareholders of record as of march 16. interestingly, no shareholder proposal to place ackman on the board.

http://www.sec.gov/Archives/edgar/data/895648/000104746909003780/a2191956zdef14a.htm

also notable, no officer, other than metz, has any near term hope of cashing in his/her options. metz has 1 million option shares which can be exercised at $3.73/share. all other officers have options with minimum exercise price of low $30's/share. they have potentially millions of dollars at risk in options so one would think their interests would be totally aligned with shareholders who are hoping that equity will not be wiped out. that's not to say they also might not be awarded a boatload of new options at very low prices, but again, for those to be any good, ggp has to survive. again, their interests would seem to be aligned with those of the shareholders.