4//SEC Filing
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC 4
Accession 0000899243-16-030053
CIK 0000316206operating
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 9:08 PM ET
Size
19.2 KB
Accession
0000899243-16-030053
Insider Transaction Report
Form 4
GALBREATH LIZANNE
Director
Transactions
- Disposition to Issuer
Phantom Stock
2016-09-22−17,808→ 0 total→ Common Stock (17,808 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-09-22−3,057→ 0 totalExercise: $51.11From: 2012-02-28Exp: 2020-02-28→ Common Stock (3,057 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-09-22−11,828→ 0 totalExercise: $10.57From: 2009-02-27Exp: 2017-02-27→ Common Stock (11,828 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2016-09-22−2,747→ 0 totalExercise: $56.88From: 2011-02-28Exp: 2019-02-28→ Common Stock (2,747 underlying) - Disposition to Issuer
Common Stock
2016-09-22−18,771→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2016-09-22−4,403→ 0 totalExercise: $35.49From: 2010-02-26Exp: 2018-02-26→ Common Stock (4,403 underlying)
Footnotes (10)
- [F1]Each share of Common Stock was disposed of pursuant to the transactions 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 No. 1 to the Agreement and Plan of Merger (the "Merger Agreement"), in exchange for the right to receive (1) 0.800 shares of common stock of Marriott, (2) $21.00 in cash, without interest, and (3) any applicable cash in lieu of fractional shares of common stock of Marriott.
- [F10]Reflects an antidilution adjustment to the exercise price and number of remaining Stock Options (previously reported as $55.06 and 2,838 respectively) that was made in connection with the SVO Spin-Off.
- [F2]Phantom Stock is convertible into Common Stock on a one-for-one basis.
- [F3]Reflects an antidilution adjustment to the number of shares of Phantom Stock that was made in connection with the separation of the Issuer's vacation ownership business from its other businesses on May 11, 2016 (the "SVO Spin-Off").
- [F4]Phantom Stock was to convert into Common Stock and be distributed to the Reporting Person per the terms of the applicable Deferral Agreements.
- [F5]As a result of the conversions described in the Merger Agreement (the "Conversions"), each share of Phantom Stock was converted into 1.1046 deferred stock units of common stock of Marriott (market value $69.75 per share).
- [F6]Reflects an antidilution adjustment to the exercise price and number of remaining Stock Options (previously reported as $11.385 and 10,979 respectively) that was made in connection with the SVO Spin-Off.
- [F7]As a result of the Conversions, these Stock Options, which were fully vested, were converted into options to purchase a number of shares of Marriott common stock equal to the number of shares of Common Stock underlying the Stock Options multiplied by 1.1046 (rounded down to the nearest whole number of shares), at an exercise price equal to the exercise price of the Stock Options divided by 1.1046 (rounded up to the nearest whole cent).
- [F8]Reflects an antidilution adjustment to the exercise price and number of remaining Stock Options (previously reported as $38.235 and 4,087 respectively) that was made in connection with the SVO Spin-Off.
- [F9]Reflects an antidilution adjustment to the exercise price and number of remaining Stock Options (previously reported as $61.28 and 2,550 respectively) that was made in connection with the SVO Spin-Off.
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, 9:08 PM ET
- Size
- 19.2 KB