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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-weight: normal">Washington,
D.C. 20549</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act Of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Date of Report (Date of earliest event reported): February 28, 2012</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE INTERGROUP CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding: 0; text-align: center; border-bottom: Black 1pt solid">Delaware</TD>
    <TD STYLE="width: 33%; padding: 0; text-align: center; border-bottom: Black 1pt solid">1-10324</TD>
    <TD STYLE="width: 33%; padding: 0; text-align: center; border-bottom: Black 1pt solid">13-3293645</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center">(State or other jurisdiction</TD>
    <TD STYLE="padding: 0; text-align: center">(Commission</TD>
    <TD STYLE="padding: 0; text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center">of incorporation)</TD>
    <TD STYLE="padding: 0; text-align: center">File Number)</TD>
    <TD STYLE="padding: 0; text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; text-align: center; border-bottom: Black 1pt solid">10940 Wilshire Blvd., Suite 2150, Los Angeles, CA</TD>
    <TD STYLE="width: 50%; padding: 0; text-align: center; border-bottom: Black 1pt solid">90024</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding: 0; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code: (310)
889-2500</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<U>see</U> General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(e)<B> </B>On February 28, 2012, the Compensation
Committee of The InterGroup Corporation (the &ldquo;Company&rdquo;) authorized a grant of 90,000 stock options to the Company&rsquo;s
President and Chief Executive Officer, John V. Winfield. The grant of stock options was made pursuant to, and consistent with,
the Company&rsquo;s 2010 Omnibus Employee Incentive Plan (the &ldquo;2010 Plan&rdquo;) which was approved by the Company&rsquo;s
shareholders on February 24, 2010.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The stock options have a term of ten years,
expiring on February 27, 2022, with an exercise price of $19.77 per share. In accordance with the terms of the 2010 Plan, the exercise
price was based on 100% of the fair market value of the Company&rsquo;s common stock as determined by reference to the closing
price of the Company&rsquo;s common stock as reported on the NASDAQ Capital Market on the date of grant. The stock options are
subject to both time and performance based vesting requirements, each of which must be met before the options are fully vested
and eligible to be exercised. Under the time vesting requirements, the options vest over a period of five years with 18,000 options
vesting upon each one-year anniversary of the date of grant. Under the performance vesting requirements, options will vest in increments
of 18,000 shares upon each increase of $2.00 or more in the fair market value of the Company&rsquo;s common stock above the exercise
price of the options. To satisfy this performance requirement, the common stock must trade at that increased level for a period
of at least ten trading days during any one quarter.</P>



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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0; font-weight: bold">&nbsp;</TD>
    <TD STYLE="width: 50%; padding: 0; font-weight: bold">THE INTERGROUP CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">Dated: March 2, 2012</TD>
    <TD STYLE="padding: 0">By <U>/s/ Michael G. Zybala</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">Michael G. Zybala, Asst. Secretary and General Counsel</TD></TR>
</TABLE>
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[{"type": "8-K", "sequence": "1", "filename": "v304602_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11202}]
{"company-data": {"conformed-name": "INTERGROUP CORP", "cik": "0000069422", "assigned-sic": "6513", "irs-number": "133293645", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10324", "film-number": "12662006"}, "business-address": {"street1": "10940 WILSHIRE BLVD.", "street2": "SUITE 2150", "city": "LOS ANGELES", "state": "CA", "zip": "90024", "phone": "(310) 889-2500"}, "mail-address": {"street1": "10940 WILSHIRE BLVD.", "street2": "SUITE 2150", "city": "LOS ANGELES", "state": "CA", "zip": "90024"}, "former-company": {"former-conformed-name": "MUTUAL REAL ESTATE INVESTMENT TRUST", "date-changed": "19860408"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities
Exchange Act Of 1934
Date of Report (Date of earliest event reported): February 28, 2012
THE INTERGROUP CORPORATION
(Exact name of registrant as specified in its
charter)
Delaware
1-10324
13-3293645
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
10940 Wilshire Blvd., Suite 2150, Los Angeles, CA
90024
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (310)
889-2500
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction
A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e)
On February 28, 2012, the Compensation
Committee of The InterGroup Corporation (the "Company") authorized a grant of 90,000 stock options to the Company's
President and Chief Executive Officer, John V. Winfield. The grant of stock options was made pursuant to, and consistent with,
the Company's 2010 Omnibus Employee Incentive Plan (the "2010 Plan") which was approved by the Company's
shareholders on February 24, 2010.
The stock options have a term of ten years,
expiring on February 27, 2022, with an exercise price of $19.77 per share. In accordance with the terms of the 2010 Plan, the exercise
price was based on 100% of the fair market value of the Company's common stock as determined by reference to the closing
price of the Company's common stock as reported on the NASDAQ Capital Market on the date of grant. The stock options are
subject to both time and performance based vesting requirements, each of which must be met before the options are fully vested
and eligible to be exercised. Under the time vesting requirements, the options vest over a period of five years with 18,000 options
vesting upon each one-year anniversary of the date of grant. Under the performance vesting requirements, options will vest in increments
of 18,000 shares upon each increase of $2.00 or more in the fair market value of the Company's common stock above the exercise
price of the options. To satisfy this performance requirement, the common stock must trade at that increased level for a period
of at least ten trading days during any one quarter.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
THE INTERGROUP CORPORATION
Dated: March 2, 2012
By
/s/ Michael G. Zybala
Michael G. Zybala, Asst. Secretary and General Counsel
-
2
-