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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*
JUSTER ANDREW
(Last) (First) (Middle)
225 W. WASHINGTON STREET
(Street)
INDIANAPOLIS IN 46204
(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
X Officer (give title below) Other (specify below)
EVP/Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/28/2017
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)
Code V Amount (A) or (D) Price
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
LTIP Units(1) (1) 02/28/2017 A 9,844 (1)(2) (1) Common Stock 9,844 $0.25 158,312 D
Explanation of Responses:
1. Represents long-term incentive performance ("LTIP") units of Simon Property Group, L.P. (the "Operating Partnership"), of which Simon Property Group, Inc. (the "Company") is the general partner, issued as long-term incentive compensation pursuant to the Operating Partnership's 1998 Stock Incentive Plan in compliance with Rule 16b-3. When earned and vested, each LTIP unit may be converted into a unit of limited partnership interest ("Partnership Unit"). Each Partnership Unit may be exchanged for a share of the Company's common stock, or cash, as selected by the Company.
2. On April 16, 2014, the reporting person was awarded a maximum of 24,771 LTIP units, subject to certain performance conditions. On February 28, 2017, the Compensation Committee of the Board of Directors of the Company determined that the extent to which the performance measures had been achieved during the performance period resulted in 39.7%, or 9,844 of the LTIP units becoming earned LTIP units. The earned LTIP units vest in two equal installments on January 1, 2018 and January 1, 2019 subject to a continued service requirement.
Remarks:
Exhibit List Exhibit 24 - Power of Attorney
/s/ Andrew Juster by his attorney-in-fact, Steven E. Fivel 03/02/2017
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                               POWER OF ATTORNEY
                        FOR EXECUTING FORMS 3, 4, AND 5


      The  undersigned  hereby  appoints each of Steven E. Fivel, Alexander L.W.
Snyder,  Thomas  Ward,  and  Kristin  Ely,  signing  singly,  as true and lawful
attorneys-in-fact to:

      (1)  execute  for  and  on behalf of the undersigned, in the undersigned's
           capacity  as  a  reporting  person of Simon Property Group, Inc. (the
           "Company"),  pursuant to Section 16 of the Securities Act of 1934 (as
           amended), Forms 3, 4 and 5 and any amendments to any previously filed
           forms in accordance with Section 16(a) of the Securities Exchange Act
           of 1934 (as amended) and the rules thereunder;

      (2)  do  and perform any and all acts for and on behalf of the undersigned
           which  may be necessary or desirable to complete the execution of any
           such  Form 3, 4, or 5 or amendment and the timely filing of such form
           or   amendment   with  the  United  States  Securities  and  Exchange
           Commission and any other authority; and

      (3)  take  any  other action of any type whatsoever in connection with the
           foregoing  which,  in the opinion of such attorney-in-fact, may be of
           benefit  to,  in  the  best  interest of, or legally required by, the
           undersigned,  it being understood that the documents executed by such
           attorney-in-fact  on behalf of the undersigned pursuant to this Power
           of  Attorney  shall  be in such form and shall contain such terms and
           conditions  as such attorney-in-fact may approve in the discretion of
           such attorney-in-fact.

      The undersigned hereby grants to each such attorney-in-fact full power and
authority  to  do  and  perform all and every act and thing whatsoever required,
necessary  or  proper to be done in the exercise of any of the rights and powers
herein  granted,  as  fully  as  the undersigned might or could do if personally
present,  with  full  power  of substitution or revocation, hereby ratifying and
confirming  all  that  any  of  such  attorneys-in-fact,  or  the  substitute or
substitutes of any such attorneys-in-fact, shall lawfully do or cause to be done
by  virtue  of  this Power of Attorney and the rights and powers herein granted.
The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in
such  capacity  at  the request of the undersigned, are not assuming, nor is the
Company  assuming,  any  of  the  undersigned's  responsibilities to comply with
Section 16 of the Securities Exchange Act of 1934 (as amended).

      This  Power  of  Attorney  shall remain in full force and effect until the
undersigned  is  no longer required to file Forms 3, 4 and 5 with respect to the
undersigned's  holdings of and transactions in securities issued by the Company,
unless  earlier  revoked by the undersigned in a signed writing delivered to any
of  the  foregoing  attorneys-in-fact. If at any time, any of the aforementioned
attorneys-in-fact   are  no  longer  employed  by  the  Company,  such  person's
appointment as attorney-in-fact shall terminate.

      IN  WITNESS  WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of March 1, 2017.

                                 /s/ Andrew Juster
                                 -----------------------------------------------
                                 Signature

                                 Andrew Juster
                                 -----------------------------------------------
                                 Printed Name


SUBSCRIBED AND SWORN to before me, a Notary Public as of March 1, 2017.

                                 Notary Public