X0306 4 2015-07-07 0 0001628063 Seritage Growth Properties SRG 0001544531 Schall Benjamin 54 WEST 40TH STREET, 10TH FLOOR NEW YORK NY 10018 1 1 0 0 CEO, President Class A common shares of beneficial interest 2015-07-07 4 A 0 16903.3125 0.00 A 17003.3125 D Restricted Shares (time-vesting) 2015-07-07 4 A 0 50709.9375 0.00 A 67713.25 D Restricted Share Units (time-vesting) 0.00 2015-07-07 4 A 0 21551.72 0.00 A Class A common shares 21551.72 21551.72 D Restricted Shares (performance-vesting) 0.00 2015-07-07 4 A 0 101419.87 0.00 A Class A common shares 101419.87 101419.87 D Restricted Shares (performance-vesting) 0.00 2015-07-07 4 A 0 21551.72 0.00 A Class A common shares 21551.72 21551.72 D Mr. Schall received an award of 67,613.25 shares on July 7, 2015. 25% of this award (16,903.3125 shares) of restricted shares is vested as of July 7, 2015, and the unvested portion will vest in three equal annual installments beginning July 7, 2016. This award vests in three equal annual installments beginning on July 7, 2016. This award will vest based on the achievement of applicable performance goals. The reported number of performance-vesting restricted shares represents the number of shares earned based on the achievement of target performance. The number of shares that may be earned based on maximum performance is 150% of the target number of performance-vesting restricted shares. This award will vest based on the achievement of applicable performance goals. The reported number of performance-vesting restricted shares represents the number of shares earned based on the achievement of target performance. The number of shares that may be earned based on maximum performance is 265% of the target number of performance-vesting restricted shares. /s/ Benjamin Schall 2015-07-09