Hyatt Hotels Corp 4
4 · Hyatt Hotels Corp · Filed Jul 27, 2012
Insider Transaction Report
Form 4
Banana Trust
Other
Transactions
- Other
Class B Common Stock
2012-07-27−30,724→ 0 total→ Class A Common Stock (30,724 underlying) - Other
Class B Common Stock
2012-07-27+30,724→ 30,724 total(indirect: See Footnote 2)→ Class A Common Stock (30,724 underlying)
Footnotes (3)
- [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 is an existing trust. On July 27, 2012, the Reporting Person contributed its 30,724 shares of Class B Common Stock to LCI H Company LP, a newly formed limited partnership, whose general partner is Julytoon Investments GP LLC and whose limited partners include the Reporting Person.
- [F3]No consideration was paid in connection the contribution, which represents a change in the form of ownership by the Reporting Person and constitutes a "permitted transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. LCI H Company LP, the newly formed limited partnership receiving the shares, has executed a joinder to and become subject to the provisions of the Amended and Restated Global Hyatt Agreement. Accordingly, immediately following such contribution, the shares remained shares of Class B Common Stock.