SEC Form 4 · accession 0001300514-17-000067
LAS VEGAS SANDS CORP · LVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Patrick Dumont
Officer — EVP & Chief Financial Officer · Director
Period of report
Sep 14, 2017
Accepted (ET)
Sep 15, 2017 · 4:35 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 Stock | Sep 14, 2017 | M | 10,000 | $55.98 | A | 20,000 | D | |
| Common Stock | Sep 14, 2017 | M | 30,000 | $22.97 | A | 50,000 | D | |
| Common Stock | Sep 14, 2017 | M | 75,000 | $52.53 | A | 125,000 | 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 | $55.98 | Sep 14, 2017 | M | 10,000 | D | — | Aug 27, 2023 | Common Stock | 10,000 | 0 | D |
| Option (Right to Buy)F2,F3 | $22.97 | Sep 14, 2017 | M | 30,000 | D | — | Jun 10, 2020 | Common Stock | 30,000 | 0 | D |
| Option (Right to Buy)F4 | $52.53 | Sep 14, 2017 | M | 75,000 | D | — | Mar 28, 2026 | Common Stock | 75,000 | 575,000 | D |
Explanation of responses
- F1The options vest as follows: 2,500 on August 28, 2016 and 7,500 on August 28, 2017.
- 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 to be paid on outstanding shares of the Issuer's common stock. The equitable adjustment was effective as of December 10, 2012.
- F3The option vested in four equal installments, beginning on June 11, 2011.
- F4The options vest in five installments, as follows: 75,000 on December 31, 2016, 75,000 on December 31, 2017, 75,000 on December 31, 2018, 75,000 on December 31, 2019, and 350,000 on December 31, 2020.