SEC Form 4 · accession 0001104659-18-038114
Travel & Leisure Co. · TNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Dean Brown
Officer — See Remarks · Director
Period of report
May 31, 2018
Accepted (ET)
Jun 4, 2018 · 8:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001361658
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 31, 2018 | A | 13,035 | $0.00 | A | 19,735 | D | |
| Common StockF3,F4 | Jun 1, 2018 | A | 51,324 | $0.00 | A | 86,898 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F5 | $48.71 | Jun 1, 2018 | A | 294,811 | A | — | Jun 1, 2028 | Common Stock | 294,811 | 294,811 | D |
Explanation of responses
- F1Common stock acquired in connection with the Registrant's spin-off transaction as a result of vesting on May 31, 2018 of previously-granted performance vested restricted stock units issued under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan (the "Plan").
- F2Includes previously reported shares of common stock.
- F3Restricted stock units granted on June 1, 2018 under the Plan. The units vest in four equal installments on each of the first four anniversaries of June 1, 2018, subject to the reporting person's continued employment with the Registrant. The reporting person will receive one share of common stock for each vested restricted stock unit.
- F4Includes previously reported restricted stock units.
- F5Stock options granted on June 1, 2018 under the Plan. The options vest in four equal installments on each of the first four anniversaries of June 1, 2018, subject to the reporting person's continued employment with the Registrant.
Remarks
Title: Chief Executive Officer and President. Exhibit 24 - Power of Attorney of Michael Dean Brown