Trust J-2015B 4
4 · Hyatt Hotels Corp · Filed Jan 3, 2018
Insider Transaction Report
Form 4
Trust J-2015B
Other
Transactions
- Other
Class B Common Stock
2018-01-01−60,736→ 0 total→ Class A Common Stock (60,736 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 January 1, 2018, the Reporting Person transferred 60,736 shares of Class B Common Stock to a trust for the benefit of the beneficiary of the Reporting Person. No consideration was paid in connection with the transfer from the Reporting Person. The transfer of shares of Class B Common Stock to the recipient trust constitutes a "permitted transfer" as defined under the Issuer's Amended and Restated Certificate of Incorporation. Accordingly, immediately following the transfer, the shares remain shares of Class B Common Stock.