P.G. Nicholas Trust 4
4 · Hyatt Hotels Corp · Filed Nov 13, 2017
Insider Transaction Report
Form 4
P.G. Nicholas Trust
Other
Transactions
- Sale
Class B Common Stock
2017-11-08$68.65/sh−282,670$19,404,391→ 70,000 total(indirect: By LLC)→ Class A Common Stock (282,670 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]On May 31, 2017, the Reporting Person contributed the shares to a division of Tao Invest LLC. However, the Reporting Person retains the pecuniary interest in such shares, while the voting and dispositive power for such shares are held by Paul A. Bible, as trustee of the Reporting Person.