Hyatt Hotels Corp 4
4 · Hyatt Hotels Corp · Filed Mar 8, 2016
Insider Transaction Report
Form 4
Elsinore Trust
Other
Transactions
- Other
Class B Common Stock
2016-03-04−224,053→ 377,294 total→ Class A Common Stock (224,053 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]The Reporting Person is a trust. The shares of Class B Common Stock were distributed by the trustee of the Reporting Person to a Pritzker Family U.S. Situs Trust having the same beneficiaries as the Reporting Person. The trustee of the Pritzker Family U.S. Situs Trust has executed a joinder to and become subject to the provisions of the Amended and Restated Global Hyatt Agreement. Accordingly, immediately following such distribution, the shares remained shares of Class B Common Stock. No consideration was paid in connection with the contribution, which constitutes a "permitted transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation.