STARWOOD HOTELS & RESORTS WORLDWIDE, LLC 4
4 · STARWOOD HOTELS & RESORTS WORLDWIDE, LLC · Filed Sep 26, 2016
Insider Transaction Report
Form 4
Poulter Martha
EVP & CIO
Transactions
- Award
Common Stock
2016-09-22+15,580→ 77,711 total - Disposition to Issuer
Common Stock
2016-09-22−28,120→ 62,131 total - Award
Common Stock
2016-09-22+28,120→ 90,251 total - Disposition to Issuer
Common Stock
2016-09-22−62,131→ 0 total - Disposition to Issuer
Common Stock
2016-09-22−15,580→ 62,131 total
Footnotes (5)
- [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 57,671 to 62,131) that was made in connection with the separation of the Issuer's vacation ownership business from its other businesses on May 11, 2016.