P.G. Penny Trust 4
4 · Hyatt Hotels Corp · Filed Nov 22, 2017
Insider Transaction Report
Form 4
P.G. Penny Trust
Other
Transactions
- Conversion
Class A Common Stock
2017-11-21+600,000→ 600,000 total - Conversion
Class B Common Stock
2017-11-21−600,000→ 3,485,782 total→ Class A Common Stock (600,000 underlying) - Sale
Class A Common Stock
2017-11-21$70.00/sh−600,000$42,000,000→ 0 total
Footnotes (2)
- [F1]In accordance with the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B Common Stock reported by the Reporting Person on Table II of this Form 4 automatically converted into shares of Class A Common Stock in connection with the sale reported by the Reporting Person in Table I of this Form 4.
- [F2]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.