SEC Form 4 · accession 0000950142-16-002748
LAS VEGAS SANDS CORP · LVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George Tanasijevich
Officer — Pres & CEO/Marina Bay Sands
Period of report
Dec 31, 2015
Accepted (ET)
Jan 4, 2016 · 8:43 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 | Dec 31, 2015 | M | 6,800 | $39.84 | A | 31,520 | D | |
| Common StockF2 | Dec 31, 2015 | S | 6,341 | $43.768 | D | 25,179 | 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)F1,F3 | $39.84 | Dec 31, 2015 | M | 6,800 | D | — | Jan 10, 2016 | Common Stock | 6,800 | 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 options vested in four equal annual installments beginning on January 11, 2007.
Remarks
In addition to the 25,179 shares listed in Table I, Mr. Tanasijevich holds options to purchase 172,475 shares that are vested and exercisable.