Edgar Filing: IRSA PROPIEDADES COMERCIALES S.A.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.						OMB APPROVAL
						OMB Number: 3235-0101 Expires: June 30 , 2020 Estimated average burden hours per response ............ 1.00
						SEC USE ONLY
						DOCUMENT SEQUENCE NO.
						CUSIP NUMBER
1 (a) NAME OF ISSUER (Please type or print) IRSA PROPIEDADES COMERCIALES SA		(b) IRS IDENT. NO. 00-0000000		(c) S.E.C. FILE NO. 000-30982		WORK LOCATION

1 (d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE MORENO 877, BUENOS AIRES, ARGENTINA, C1091AAQ (b)					(e) TELEPHONE NO.
					AREA COD 54		NUMBER 11 4344-4600
2 (a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD IRSA INVERSIONES Y REPRESENTACIONES SOCIEDAD ANÓNIMA	RELATIONSHIP TO ISSUER STOCKHOLDER		(c) ADDRESS STREET CITY STATE ZIP CODE BOLIVAR 108 1ST FLOOR, BUENOS AIRES, ARGENTINA, C1066AAD

INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.

3 (a) Title of the Class of Securities To Be Sold	(b) Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities	SEC USE ONLY	(c) Number of Shares or Other Units To Be Sold (See instr. 3(c))	(d) Aggregate Market Value (See instr. 3(d))	(e) Number of Shares or Other Units Outstanding (See instr. 3(e))	(f) Approximate Date of Sale (See instr. 3(f)) (MO. DAY YR.)	(g) Name of Each Securities Exchange (See instr. 3(g))
3 (a) Title of the Class of Securities To Be Sold		Broker-Dealer File Number		(d) Aggregate Market Value (See instr. 3(d))			(g) Name of Each Securities Exchange (See instr. 3(g))
American Depositary Shares, each representing 4 common shares	JP MORGAN SECURITIES LLC 277 Park Avenue New York, NY 10172		315,000	16,695,000 (closing price January 30, 2018)	31,503,513	02 01 2018	NASDAQ

INSTRUCTIONS:

3. (a) Title of the class of securities to be sold

1. (a) Name of ssuer

(b) Name and address of each broker through whom the securities are intended to be sold

(b) Issuer’s I.R.S. Identification Number

(d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice

(d) Issuer’s address, including zip code

(e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown
by the most recent report or statement published by the issuer

(e) Issuer’s telephone number, including area code

(f) Approximate date on which the securities are to be sold

(g) Name of each securities exchange, if any, on which the securities are intended to be sold

2.(a) Name of person for whose account the securities are to be sold

(b) Such person’s relationship to the issuer (e.g., officer, director, 10%

stockholder, or member of immediate family of any of the foregoing)

Potential persons who are to respond to the collection of information contained in this form are not

required to respond unless the form displays a currently valid OMB control number. SEC 1147 (08-07)

TABLE I –– SECURITIES TO BE SOLD

Furnish the following information with respect to the acquisition of the securities to be sold

and with respect to the payment of all or any part of the purchase price or other consideration therefor:

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired (If gift, also give date donor acquired)	Amount of Securities Acquired	Date of Payment	Nature of Payment
American Depositary Shares, each representing 4 common shares	11/30/2004 12/01/2004 04/12/2005 04/19/2005 05/02/2005 06/26/2006 08/17/2006 08/25/2006 08/31/2006 09/05/2006 09/20/2006 12/14/2006 12/18/2006 01/04/2007 01/05/2007 01/08/2007 01/16/2007 02/12/2007 02/20/2007 03/01/2007	Negotiated, private transaction Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases Open Market purchases	GSEM/AP Holdings LP NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA	176,883 190 200 100 100 3,598 1,000 10,900 1,232 100 500 56 9,400 5,100 8,300 4,025 2,000 2,900 23,200 65,216	11/30/2004 12/06/2004 04/15/2005 04/22/2005 05/05/2005 06/29/2006 08/22/2006 08/30/2006 09/05/2006 09/08/2006 09/25/2006 12/19/2006 12/21/2006 01/09/2007 01/10/2007 01/11/2007 01/19/2007 02/15/2007 02/23/2007 03/06/2007	Cash. See footnote 1 Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash Cash

INSTRUCTIONS: If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

TABLE II –– SECURITIES SOLD DURING THE PAST 3 MONTHS

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
N/A	N/A	N/A	N/A	N/A

REMARKS:

INSTRUCTIONS:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

January 31, 2018 /s/ Saul Zang - First Vice Chairman

DATE OF NOTICE

(SIGNATURE)

DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION,

The notice shall be signed by the person for whose account the securities are to be sold. At least one copy

IF RELYING ON RULE 10B5-1

of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC 1147 (02-08)

(1) On November 30, 2004, IRSA Inversiones y Representaciones Sociedad Anónima (“IRSA”) purchased from GSEM/AP Holdings LP (“GSEM/AP”), a wholly-owned subsidiary of Goldman Sachs, 3,061,450 Convertible Notes and 1,114,520 American Depositary Shares (“ADS”) of the Issuer. IRSA paid US$15.3 million for such securities.