SEC Form 4 · accession 0001127602-17-000033
CARNIVAL PLC · CUK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Olaf Thamm
Officer — CEO - Costa Crociere
Period of report
Dec 29, 2016
Accepted (ET)
Jan 3, 2017 · 12:05 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001125259
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF2 | Dec 29, 2016 | A | 117,537 | $0.00 | A | 170,383 | D | |
| Ordinary SharesF3,F4,F5 | Dec 29, 2016 | S | 30,842 | $50.3996 | D | 139,541 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of performance-based restricted stock units ("Performance RSUs") granted on December 27, 2013 pursuant to the Carnival plc 2005 Employee Share Plan. Each Performance RSU represents one share of Carnival plc ordinary shares. The Performance RSU's will vest 50% as of December 29, 2016 and 50% as of December 27, 2017.
- F2The reporting person was eligible to earn from 0-5 times the stated target amount of Performance RSUs to the extent that the compound annual growth rate of Carnival Corporation & plc's total shareholder return over a three year performance cycle exceeded specified performance goals.
- F3Represents a surrender of shares to satisfy the tax obligation on the vesting of the Performance RSUs.
- F4The transaction was conducted in British Pounds. The sale price of GBP41.22688 was converted into US$ at the December 29, 2016 conversion rate of GBP1 = USD1.2225.
- F5Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's brokerage account.