SEC Form 4 · accession 0001361658-19-000024
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
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 9:00 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 | Mar 7, 2019 | A | 16,899 | $0.00 | A | 80,332 | D | |
| Common StockF3 | holding | — | — | — | 39,836 | 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)F4 | $44.38 | Mar 7, 2019 | A | 139,198 | A | — | Mar 7, 2029 | Common Stock | 139,198 | 139,198 | D |
Explanation of responses
- F1Restricted stock units granted on March 7, 2019 under the Registrant's Equity and Incentive Plan. The units vest in four equal installments on each of the first four anniversaries of March 7, 2019, 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.
- F2Includes previously reported restricted stock units.
- F3Common stock as previously reported.
- F4Stock options granted on March 7, 2019 under the Registrant's Equity and Incentive Plan. The options vest in four equal installments on each of the first four anniversaries of March 7, 2019, subject to the reporting person's continued employment with the Registrant.
Remarks
Title: Chief Executive Officer and President.