SEC Filing | Simon Property Group, L.P.

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SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BLOOM DAVID C

(Last)

(First)

(Middle)

105 EISENHOWER PKWY.

(Street)

ROSELAND

07068

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SIMON PROPERTY GROUP INC /DE/ [ SPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
Advisory Director

3. Date of Earliest Transaction (Month/Day/Year)
02/08/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/08/2007		M		126,879	A	⁽¹⁾	177,265	D
Common Stock	02/08/2007		S		44,969	D	$121.1163	132,296	D
Common Stock	02/09/2007		S		81,910	D	$118.4088	50,386	D
Common Stock	02/08/2007		M		767,350	A	⁽¹⁾	767,350	I	Partnership⁽⁵⁾
Common Stock	02/09/2007		S		453,190	D	$118.4088	314,160	I	Partnership⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
6% Convertible Preferred Units in Simon Property Group, L.P.	⁽²⁾	02/08/2007		C			69,957	⁽²⁾	⁽⁴⁾	Common Stock	55,158	⁽²⁾⁽¹⁾	0	D
Common Units in Simon Property Group, L.P.	⁽³⁾	02/08/2007		C		55,158		⁽¹⁾	⁽⁴⁾	Common Stock	55,158	⁽¹⁾	126,879	D
Common Units in Simon Property Group, L.P.	⁽³⁾	02/08/2007		C			126,879	⁽¹⁾	⁽⁴⁾	Common Stock	126,879	⁽¹⁾	0	D
6% Convertible Preferred Units in Simon Property Group, L.P.	⁽²⁾	02/08/2007		C			430,043	⁽²⁾	⁽⁴⁾	Common Stock	339,071	⁽²⁾⁽¹⁾	594,753	I	Partnership⁽⁵⁾
Common Units in Simon Property Group, L.P.	⁽³⁾	02/08/2007		C		339,071		⁽¹⁾	⁽⁴⁾	Common Stock	339,071	⁽¹⁾	1,341,974	I	Partnership⁽⁵⁾
Common Units in Simon Property Group, L.P.	⁽³⁾	02/08/2007		C			767,350	⁽¹⁾	⁽⁴⁾	Common Stock	767,350	⁽¹⁾	574,624	I	Partnership⁽⁵⁾

Explanation of Responses:

1. Reporting person elected to convert units of limited partnership interest ("Units") of Simon Property Group, L.P., of which the issuer is the general partner. Units may be exchanged for an equal number of shares of common stock or cash, as selected by the issuer. Common stock was issued for the exchanged units. The closing price of a share of common stock on February 8, 2007 as reported by the New York Stock Exchange was $121.18.

2. Reporting person elected to convert 6% Convertible Preferred Units into common units. During the period from January 2, 2007 to March 30, 2007, each 6% Convertible Preferred Unit is convertible into a Common Unit at a rate of 1 Preferred Unit to 0.78846 of a Common Unit.

3. 1:1

4. None

5. As a partner in Woodbury Family Associates, L.P.

	David C. Bloom, and his attorney-in-fact, Shelly Doran	02/12/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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