SEC Form 4 · accession 0000950142-15-000433
LAS VEGAS SANDS CORP · LVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sheldon G Adelson
Officer — Chairman/Board,CEO & Treasurer · Director · 10% Owner
Period of report
Feb 17, 2015
Accepted (ET)
Feb 19, 2015 · 6:17 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 | Feb 17, 2015 | M | 12,639 | $43.28 | A | 65,927,580 | D | |
| Common StockF1 | Feb 17, 2015 | M | 12,855 | $49.80 | A | 65,940,435 | D | |
| Common Stock | Feb 17, 2015 | M | 14,389 | $51.08 | A | 65,954,824 | D | |
| Common Stock | holding | — | — | — | 12,566,710 | I | By an Adelson family investment vehicle | |
| Common Stock | holding | — | — | — | 315,873,339 | I | By spouse's direct and indirect ownership not reported above |
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)F1,F2 | $43.28 | Feb 17, 2015 | M | 12,639 | D | — | Feb 3, 2021 | Common Stock | 12,639 | 0 | D |
| Option (Right to Buy)F1,F3 | $49.80 | Feb 17, 2015 | M | 12,855 | D | — | Feb 8, 2022 | Common Stock | 12,855 | 12,856 | D |
| Option (Right to Buy)F4 | $51.08 | Feb 17, 2015 | M | 14,389 | D | — | Jan 28, 2023 | Common Stock | 14,389 | 28,779 | D |
Explanation of responses
- F1In 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.
- F2These options vest in four equal annual installments beginning on January 1, 2012.
- F3These options vest in four equal annual installments beginning on January 1, 2013.
- F4These options vest in four equal annual installments beginning on January 1, 2014.