SEC Form 4 · accession 0000950142-15-000040
LAS VEGAS SANDS CORP · LVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Irwin Chafetz
Director
Period of report
Jan 5, 2015
Accepted (ET)
Jan 7, 2015 · 5:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001300514
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 5, 2015 | M | 4,970 | $44.95 | A | 44,604 | D | |
| Common StockF2 | Jan 5, 2015 | M | 25,000 | $13.34 | A | 69,604 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2,F3 | $44.95 | Jan 5, 2015 | M | 4,970 | D | — | Feb 27, 2015 | Common Stock | 4,970 | 0 | D |
| Option (Right to Buy)F2,F4 | $13.34 | Jan 5, 2015 | M | 25,000 | D | — | Feb 22, 2020 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Represents the exercise of vested options that were scheduled to expire on February 27, 2015.
- F2In accordance with the provisions of the Issuer's 2004 Equity Award Plan, the Compensation Committee approved an equitable adjustment to reduce the exercise price of the options to reflect the $2.75 per share special dividend declared on November 26, 2012 paid on outstanding shares of the Issuer's common stock. The equitable adjustment was effective as of December 10, 2012.
- F3The options vested in five equal installments beginning on February 28, 2006.
- F4The options vested in four equal installments beginning on February 23, 2011.