SEC Form 4 · accession 0001225208-17-004271
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
Feb 21, 2017
Accepted (ET)
Feb 23, 2017 · 3:22 pm EST
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 - Restricted Stock UnitsF1 | Feb 21, 2017 | A | 9,684 | $0.00 | A | 21,153 | D | |
| Class A Common StockF2 | Feb 21, 2017 | A | 10,919 | $0.00 | A | 64,915 | D | |
| Class A Common StockF3 | Feb 21, 2017 | S | 17,125 | $88.11 | D | 47,790 | D | |
| Class A Common Stock | holding | — | — | — | 1,834 | 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 RightsF4 | $88.31 | Feb 21, 2017 | A | 28,341 | A | — | Feb 21, 2027 | Class A Common Stock | 28,341 | 28,341 | D |
| Stock Appreciation RightsF5 | $25.88 | Feb 21, 2017 | D | 28,912 | D | — | Aug 7, 2018 | Class A Common Stock | 28,912 | 0 | D |
Explanation of responses
- F1The Restricted Stock Units vest in three equal installments beginning on February 21, 2018 and thereafter on the anniversary of that date
- F2Shares acquired pursuant to exercise of Stock Appreciation Rights.
- F3Represents the weighted average sale price. The highest price at which shares were sold was $88.29 and the lowest price at which shares were sold was $88.07.
- F4Stock Appreciation Rights settle in Class A Common Stock and vest in three equal installments beginning on February 21, 2018 and thereafter on the anniversary of that date.
- F5The Stock Appreciation Rights, settled in Class A Common Stock and vesting in four equal installments beginning on the first anniversary of the August 7, 2008 grant date.