X0306 4 2017-12-26 0 0001628063 Seritage Growth Properties SRG 0001214344 BERKOWITZ BRUCE R C/O FAIRHOLME CAPITAL MANAGEMENT, L.L.C. 4400 BISCAYNE BOULEVARD, 9TH FLOOR MIAMI FL 33137 0 0 1 0 Class C Non-Voting Common Shares, $0.01 par value 2017-12-26 4 J 0 2500 40.13 D 3106583 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 2500 40.13 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 2500 40.13 D 3273398 I See Footnote Class C Non-Voting Common Shares, $0.01 par value 2017-12-26 4 J 0 12000 40.20 D 3094583 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 12000 40.20 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 12000 40.20 D 3273398 I See Footnote Class C Non-Voting Common Shares, $0.01 par value 2017-12-26 4 J 0 66500 40.21 D 3028083 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 66500 40.21 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 66500 40.21 D 3273398 I See Footnote Class C Non-Voting Common Shares, $0.01 par value 2017-12-26 4 J 0 105900 40.21 D 422598 D Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 105900 40.21 A 0 D Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 105900 40.21 D 0 D Class C Non-Voting Common Shares, $0.01 par value 2017-12-26 4 J 0 75800 40.21 D 2952283 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 75800 40.21 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-26 4 J 0 75800 40.21 D 3273398 I See Footnote Class C Non-Voting Common Shares, $0.01 par value 2017-12-27 4 J 0 171700 40.22 D 2780583 I See Footnote Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 171700 40.22 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 171700 40.22 D 3273398 I See Footnote Class C Non-Voting Common Shares, $0.01 par value 2017-12-27 4 J 0 34900 40.22 D 387698 D Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 34900 40.22 A 0 D Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 34900 40.22 D 0 D Class C Non-Voting Common Shares, $0.01 par value 2017-12-27 4 J 0 44400 40.22 D 2736183 I See Footnote Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 44400 40.22 A 3273398 I See Footnote Class A Common Shares, $0.01 par value 2017-12-27 4 J 0 44400 40.22 D 3273398 I See Footnote The securities were held in account(s) managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person"). The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s). The securities may be deemed to be beneficially owned by the Reporting Person because he controls the sole member of a registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to separate series of a registered investment company and managed accounts. The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Due to a contractual restriction on the sale of the Class C Non-Voting Common Shares, $0.01 par value ("Class C Shares"), the account(s) sold Class A Common Shares, $0.01 par value ("Class A Shares") in the market while effecting a conversion of its Class C Shares to Class A Shares (via a transfer agent). The securities were held in account(s) managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the account(s) except to the extent of his pecuniary interest, if any therein. Bruce R. Berkowitz, By: /s/ Paul Thomson (Attorney-in-fact) 2017-12-28