SEC Form 4 · accession 0001225208-16-032952
MARRIOTT INTERNATIONAL INC /MD/ · MAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Grissen
Officer — Group President
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 2:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001048286
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | May 6, 2016 | S | 23,139 | $69.31 | D | 44,516 | D | |
| Class A Common Stock | May 9, 2016 | A | 9,068 | $0.00 | A | 53,584 | D | |
| Class A Common Stock | holding | — | — | — | 1,814 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF3 | $46.21 | May 9, 2016 | D | 14,640 | D | — | Feb 12, 2017 | Class A Common Stock | 14,640 | 0 | D |
| Stock Appreciation RightsF4 | $33.49 | May 9, 2016 | D | 23,360 | D | — | Feb 19, 2018 | Class A Common Stock | 23,360 | 0 | D |
Explanation of responses
- F1Represents the weighted average sale price. The highest price at which shares were sold was $69.36 and the lowest price at which shares were sold was $69.23.
- F2Shares acquired and retained pursuant to exercise of Stock Appreciation Rights.
- F3Stock Appreciation Right, settled in Class A Common Stock and vesting in four equal annual installments beginning on the first anniversary of the February 12, 2007 grant date.
- F4Stock Appreciation Right, settled in Class A Common Stock and vesting in four equal annual installments beginning with the first anniversary of February 19, 2008 grant date.