4//SEC Filing
Frank Kelly R 4
Accession 0001179110-18-011104
CIK 0001434620other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 8:12 PM ET
Size
25.1 KB
Accession
0001179110-18-011104
Insider Transaction Report
Form 4
ILG, LLCILG
Frank Kelly R
Chief Human Resources Officer
Transactions
- Disposition to Issuer
Common stock
2018-09-01−13,657→ 0 total - Award
Restricted Stock Units
2018-09-01+6,930→ 6,930 totalExercise: $0.00From: 2020-02-14→ Common stock (6,930 underlying) - Award
Retricted Stock Units
2018-09-01−5,775→ 0 totalExercise: $0.00→ Common stock (5,775 underlying) - Disposition to Issuer
Restricted Stock Units
2018-09-01−5,774→ 0 totalExercise: $0.00→ Common stock (5,774 underlying) - Award
Restricted Stock Units
2018-09-01+6,211→ 6,211 totalExercise: $0.00From: 2019-11-07→ Common stock (6,211 underlying) - Disposition to Issuer
Restricted Stock Units
2018-09-01−6,930→ 0 totalExercise: $0.00→ Common stock (6,930 underlying) - Award
Restricted Stock Units
2018-09-01+5,774→ 5,774 totalExercise: $0.00From: 2021-02-20→ Common stock (5,774 underlying) - Award
Restricted Stock Units
2018-09-01−9,316→ 0 totalExercise: $0.00→ Common Stock (9,316 underlying) - Disposition to Issuer
Restricted Stock Units
2018-09-01−6,211→ 0 totalExercise: $0.00→ Common stock (6,211 underlying) - Award
Restricted Stock Units
2018-09-01−4,645→ 0 totalExercise: $0.00→ Common stock (4,645 underlying)
Footnotes (7)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of April 30, 2018 (the "Merger Agreement"), among ILG, Inc. (the "Company"), Marriott Vacations Worldwide Corporation ("MVW"), Ignite Holdco, Inc., Ignite Holdco Subsidiary, Inc., Volt Merger Sub, Inc. and Volt Merger Sub, LLC, each share of the Company's common stock, par value $0.01 per share ("ILG Common Stock"), was converted into the right to receive 0.165 shares of MVW's common stock, par value $0.01 per share ("MVW Common Stock"), and $14.75 in cash.
- [F2]Represents RSUs originally granted on November 7, 2016.
- [F3]Represents RSUs originally granted on February 14, 2017.
- [F4]Represents RSUs originally granted on February 20, 2018.
- [F5]Pursuant to the Merger Agreement, through a series of transactions, each outstanding restricted stock unit ("RSU") was converted into the right to receive (A) an RSU of MVW with respect to the number of shares of MVW Common Stock, rounded up or down to the nearest share, determined by multiplying the number of shares (the "RSU Share Number") of ILG Common Stock subject to the original RSU by 0.165, subject to the same terms and conditions (including vesting conditions) as the original RSU and (B) a cash award in an amount determined by multiplying the RSU Share Number by $14.75, subject to the same vesting conditions as the original RSU.
- [F6]Pursuant to the Merger Agreement, each outstanding performance-based restricted stock unit ("PSU") was converted into the right to receive (A) an RSU of MVW with respect to the number of shares of MVW Common Stock, rounded up or down to the nearest share, determined by multiplying the number of shares (the "PSU Share Number") of ILG Common Stock subject to the original PSU assuming achievement of applicable performance goals at target level by 0.165, subject to the same terms and conditions (including vesting conditions other than performance criteria) as the original PSU and (B) a cash award in an amount determined by multiplying the PSU Share Number by $14.75, subject to the same vesting conditions (other than performance criteria) as the original PSU.
- [F7]Represents performance share awards deemed earned at target pursuant to the Merger Agreement.
Documents
Issuer
ILG, LLC
CIK 0001434620
Entity typeother
Related Parties
1- filerCIK 0001691455
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 8:12 PM ET
- Size
- 25.1 KB