4//SEC Filing
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC 4
Accession 0000899243-16-030061
CIK 0000316206operating
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 9:12 PM ET
Size
8.5 KB
Accession
0000899243-16-030061
Insider Transaction Report
Form 4
LEWIS AYLWIN B
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-09-22−2,109→ 0 total→ Common Stock (2,109 underlying) - Disposition to Issuer
Common Stock
2016-09-22−8,423→ 0 total
Footnotes (5)
- [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.
- [F2]Restricted Stock Units are convertible into Common Stock on a one-for-one basis.
- [F3]Reflects an antidilution adjustment to the number of Restricted Stock Units (previously reported as 1,958) that was made in connection with the separation of the Issuer's vacation ownership business from its other businesses on May 11, 2016.
- [F4]Restricted Stock Units were convertible into Common Stock on the first anniversary of the grant date or, if earlier, the date the Reporting Person ceases to be a director.
- [F5]As a result of the conversions described in the Merger Agreement, each Restricted Stock Unit was converted into 1.1046 restricted stock units covering the common stock of Marriott (market value $69.75 per share).
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, 9:12 PM ET
- Size
- 8.5 KB