4//SEC Filing
FRIEDMAN RICHARD A 4
Accession 0000891836-18-000001
CIK 0001468174other
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 9:49 PM ET
Size
10.7 KB
Accession
0000891836-18-000001
Insider Transaction Report
Form 4
FRIEDMAN RICHARD A
Director
Transactions
- OtherSwap
Equity Swap (obligation to sell/put equivalent position)
2017-12-11+1→ 1 total(indirect: See footnotes)Exercise: $71.90Exp: 2018-12-17→ Class A Common Stock (301 underlying) - OtherSwap
Equity Swap (obligation to sell/put equivalent position)
2017-12-28−1→ 0 total(indirect: See footnotes)Exercise: $73.88Exp: 2018-12-17→ Class A Common Stock (301 underlying)
Holdings
- 517,809(indirect: See footnotes)
Class A Common Stock
Footnotes (4)
- [F1]The Reporting Person is a managing director of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
- [F2]GS Group beneficially owns directly 7,096 shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock"), of Hyatt Hotels Corporation (the "Company") and may be deemed to beneficially own 33,184 shares of Class A Common Stock that were granted to the Reporting Person in his capacity as a director of the Company pursuant to the Third Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan under the Hyatt Hotels Corporation Non-Employee Director Compensation Program (the "Plan"). The Reporting Person has an understanding with GS Group pursuant to which such shares are held for the benefit of GS Group. Goldman Sachs beneficially owns directly and GS Group may be deemed to beneficially own indirectly 477,529 shares of Class A Common Stock and Goldman Sachs also had open short positions of 269,383 shares of Class A Common Stock, reflecting changes due to exempt transactions.
- [F3]On December 11, 2017, Goldman Sachs International ("GSI"), a subsidiary of GS Group, entered into an equity swap agreement with a third party. The reported equity swap was on a basket of securities, which included 301 shares of Class A Common Stock of the Company. Under the equity swap, GSI was obligated to pay to the third party the aggregate increase, if any, in value of the basket of securities between December 11, 2017 and December 17, 2018. In connection with the optional early termination of the equity swap agreement, on December 28, 2017, GSI became obligated to pay to the third party, for each of the 301 shares of Class A Common Stock, the excess of the price per share of Class A Common Stock on December 28, 2017 over the price per share of Class A Common Stock on December 11, 2017. As a result, the termination of the equity swap did not result in any disgorgeable profit.
- [F4]The filing of this report does not constitute an admission that the reported equity swap is a derivative security subject to Section 16 of the Securities Exchange Act of 1934.
Documents
Issuer
Hyatt Hotels Corp
CIK 0001468174
Entity typeother
Related Parties
1- filerCIK 0001060537
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 9:49 PM ET
- Size
- 10.7 KB