Tao Invest LLC 4
4 · Hyatt Hotels Corp · Filed Sep 8, 2017
Insider Transaction Report
Form 4
Tao Invest LLC
Other
Transactions
- Sale
Class B Common Stock
2017-09-06$59.29/sh−470,682$27,905,559→ 745,978 total→ Class A Common Stock (470,682 underlying)
Footnotes (2)
- [F1]As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.
- [F2]The Reporting Person disclaims beneficial ownership in the shares reported herein since the P.G. Nicholas Trust retains the pecuniary interest in 352,670 of such shares and Second Universe Trust retains the pecuniary interest in 393,308 of such shares, while the voting and dispositive power for all of such shares are held by Paul A. Bible, as trustee of the P.G. Nicholas Trust and Second Universe Trust.