4//SEC Filing
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC 4
Accession 0000899243-16-030042
CIK 0000316206operating
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 9:03 PM ET
Size
14.5 KB
Accession
0000899243-16-030042
Insider Transaction Report
Form 4
Mangas Thomas B
EVP, Chief Financial Officer
Transactions
- Award
Common Stock
2016-09-22+19,909→ 73,567 total - Award
Common Stock
2016-09-22+65,614→ 119,272 total - Disposition to Issuer
Common Stock
2016-09-22−40,827→ 12,831 total - Disposition to Issuer
Common Stock
2016-09-22−12,831→ 0 total - Disposition to Issuer
Common Stock
2016-09-22−65,614→ 53,658 total - Disposition to Issuer
Common Stock
2016-09-22−19,909→ 53,658 total
Footnotes (6)
- [F1]Reflects Performance Shares deemed earned at 128.55% achievement level under 2015 performance share awards as part of the conversions (the "Conversions") described in the Agreement and Plan of Merger, dated as of November 15, 2015, by and among the Issuer, Marriott International, Inc. ("Marriott") et al., as thereafter amended by the Amendment Number 1 to Agreement and Plan of Merger (the "Merger Agreement").
- [F2]Not applicable.
- [F3]As a result of the Conversions, each share of Common Stock deemed earned under the performance share awards was converted into 1.1046 time-based restricted stock units in respect of common stock of Marriott (market value $69.75 per share).
- [F4]Reflects Performance Shares deemed earned at 200% achievement level under 2016 performance share awards as part of the Conversions.
- [F5]As a result of the Conversions, each Restricted Share was converted into 1.1046 restricted shares of common stock of Marriott (market value $69.75 per share). Note that, for purposes of prior entries in Column 5 of this report, this Form 4 reflects an antidilution adjustment to the number of remaining Restricted Shares (from 45,909 to 49,459) that was made in connection with the separation of the Issuer's vacation ownership business from its other businesses on May 11, 2016.
- [F6]Each share of Common Stock was disposed of pursuant to the transactions described in the Merger Agreement in exchange for the right to receive (A) 0.800 shares of common stock of Marriott, (B) $21.00 in cash, without interest, and (C) any applicable cash in lieu of fractional shares of common stock of Marriott.
Documents
Issuer
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC
CIK 0000316206
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000316206
Filing Metadata
- Form type
- 4
- Filed
- Sep 25, 8:00 PM ET
- Accepted
- Sep 26, 9:03 PM ET
- Size
- 14.5 KB