Hyatt Hotels Corp 4
4 · Hyatt Hotels Corp · Filed Nov 29, 2011
Insider Transaction Report
Form 4
JNP 2010-PG Trust
Other
Transactions
- Sale
Class B Common Stock
2011-11-28$32.51/sh−878,042$28,545,145→ 1,667,454 total→ Class A Common Stock (878,042 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. The disposition of the shares of Class B Common Stock by the Reporting Person constitutes a "permitted transfer" as defined under the Issuer's Amended and Restated Certificate of Incorporation.
- [F2]Plus a per share amount equal to 33.33% of the excess, if any, of the Volume Weighted Average Price (VWAP) for the Class A Common Stock of the Issuer for the fifteen-trading day period ending May 25, 2012 over $32.51 as reported by Bloomberg.