SEC Form 4 · accession 0000950142-15-001870
LAS VEGAS SANDS CORP · LVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert G Goldstein
Officer — President & COO · Director
Period of report
Aug 6, 2015
Accepted (ET)
Aug 10, 2015 · 7:55 pm EDT
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 | Aug 6, 2015 | M | 18,930 | $39.84 | A | 243,930 | D | |
| Common StockF2 | Aug 6, 2015 | S | 18,930 | $56.50 | D | 225,000 | D | |
| Common StockF1 | Aug 7, 2015 | M | 34,324 | $39.84 | A | 259,324 | D | |
| Common StockF2 | Aug 7, 2015 | S | 34,324 | $56.50 | D | 225,000 | D | |
| Common StockF1 | Aug 7, 2015 | M | 100,000 | $4.09 | A | 325,000 | D | |
| Common StockF2 | Aug 7, 2015 | S | 100,000 | $56.50 | D | 225,000 | D | |
| Common Stock | holding | — | — | — | 169,111 | I | By The Robert and Sheryl Goldstein Trust |
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,F3 | $39.84 | Aug 6, 2015 | M | 18,930 | D | — | Jan 10, 2016 | Common Stock | 18,930 | 34,324 | D |
| Option (Right to Buy)F1,F3 | $39.84 | Aug 7, 2015 | M | 34,324 | D | — | Jan 10, 2016 | Common Stock | 34,324 | 0 | D |
| Option (Right to Buy)F1,F4 | $4.09 | Aug 7, 2015 | M | 100,000 | D | — | Jul 9, 2019 | Common Stock | 100,000 | 0 | 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 to be paid on outstanding shares of the Issuer's common stock. The equitable adjustment was effective as of December 10, 2012.
- F2Shares sold in connection with the exercise of stock options.
- F3The option shares vested in four equal installments beginning on January 1, 2007.
- F450% of the option shares vested on January 1, 2010 and 50% of the option shares vested on January 1, 2011.
Remarks
In addition to the 394,111 shares listed on Table I, Mr. Goldstein holds options to purchase 70,143 shares that are vested and exercisable and options to purchase 2,250,000 shares that are unvested.