X0202 4 2007-02-22 0 0000895648 GENERAL GROWTH PROPERTIES INC GGP 0001326838 DAlesandro Thomas J C/O GENERAL GROWTH PROPERTIES, INC 110 NORTH WACKER DRIVE CHICAGO IL 60606 0 1 0 0 SVP, Development Common Stock 2007-02-22 4 A 0 10000 0 A 25517 D Stock Options (Right to Buy) 65.81 2007-02-22 4 A 0 50000 0 A 2007-02-22 2012-02-22 Common Stock 50000 50000 D Stock Options (Right to Buy) 65.81 2007-02-22 4 A 0 13893 0 A 2012-02-22 Common Stock 13893 13893 D Represents the grant of stock to the reporting person under the General Growth Properties, Inc. 2003 Incentive Stock Plan. This grant is exempt from Section 16(b) pursuant to Rule 16b-3(d). The grant vests 20% on each of 1st, 2nd, 3rd, 4th and 5th anniversaries of Grant date. Options acquired were granted under the General Growth Properties, Inc. 2003 Incentive Stock Plan. Such transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d). Options were granted pursuant to the Issuer's 1998 Incentive Stock Plan in a transaction exempt under Rule 16b-3(d). The option will not vest unless and until the fair market value of the Issuer's Common Stock exceeds $92.30 for 20 consecutive trading days within five years of the date of grant. /s/ Thomas J. D'Alesandro 2007-02-26