SEC Form 4 · accession 0000950142-16-004678
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
Nov 7, 2016
Accepted (ET)
Nov 9, 2016 · 5:11 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 | Nov 7, 2016 | M | 12,856 | $49.80 | A | 66,012,114 | D | |
| Common Stock | Nov 7, 2016 | M | 14,390 | $51.08 | A | 66,026,504 | D | |
| Common Stock | Nov 7, 2016 | M | 37,428 | $55.41 | A | 66,063,932 | D | |
| Common Stock | holding | — | — | — | 12,566,710 | I | By an Adelson family investment vehicle | |
| Common Stock | holding | — | — | — | 314,079,867 | 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 | $49.80 | Nov 7, 2016 | M | 12,856 | D | — | Feb 8, 2022 | Common Stock | 12,856 | 0 | D |
| Option (Right to Buy)F3 | $51.08 | Nov 7, 2016 | M | 14,390 | D | — | Jan 28, 2023 | Common Stock | 14,390 | 14,389 | D |
| Option (Right to Buy)F4 | $55.41 | Nov 7, 2016 | M | 37,428 | D | — | Feb 3, 2025 | Common Stock | 37,428 | 112,284 | 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, 2013.
- F3These options vest in four equal annual installments beginning on January 1, 2014.
- F4These options vest in four equal annual installments beginning on January 1, 2016.