SEC Form 4 · accession 0001437749-16-033989
Travel & Leisure Co. · TNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen P Holmes
Officer — Chairman, President & CEO · Director
Period of report
Jun 15, 2016
Accepted (ET)
Jun 17, 2016 · 9:28 am 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 Stock | Jun 15, 2016 | M | 179,726 | $31.85 | A | 1,197,250 | D | |
| Common Stock | Jun 15, 2016 | D | 83,811 | $68.30 | D | 1,113,439 | D | |
| Common StockF1 | Jun 15, 2016 | F | 49,733 | $68.30 | D | 1,063,706 | D | |
| Common StockF2 | holding | — | — | — | 188,738 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-Settled Stock AppreciationF3,F4 | $31.85 | Jun 15, 2016 | M | 179,726 | D | — | Aug 1, 2016 | Common Stock | 179,726 | 0 | D |
Explanation of responses
- F1Consists of shares of common stock withheld as payment of tax liability.
- F2Restricted stock units as previously reported.
- F3Transaction to exercise previously granted stock-settled stock appreciation rights. All of the net shares received upon the exercise were retained by the reporting person.
- F4Vested ratably over period of four years on each anniversary of August 1, 2006.