SEC Form 4 · accession 0001437749-17-020660
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
Dec 11, 2017
Accepted (ET)
Dec 13, 2017 · 5:14 pm EST
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 | Dec 11, 2017 | M | 87,807 | $60.24 | A | 1,217,091 | D | |
| Common Stock | Dec 11, 2017 | M | 66,766 | $72.97 | A | 1,283,857 | D | |
| Common Stock | Dec 11, 2017 | M | 50,539 | $91.81 | A | 1,334,396 | D | |
| Common Stock | Dec 11, 2017 | M | 36,496 | $71.65 | A | 1,370,892 | D | |
| Common Stock | Dec 11, 2017 | D | 154,484 | $112.74 | D | 1,216,408 | D | |
| Common StockF1 | Dec 11, 2017 | F | 45,176 | $112.74 | D | 1,171,232 | D | |
| Common StockF2 | holding | — | — | — | 148,109 | 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 | $60.24 | Dec 11, 2017 | M | 87,807 | D | — | Feb 28, 2019 | Common Stock | 87,807 | 0 | D |
| Stock-Settled Stock AppreciationF3,F6,F5 | $72.97 | Dec 11, 2017 | M | 66,766 | D | — | Feb 27, 2020 | Common Stock | 66,766 | 22,256 | D |
| Stock-Settled Stock AppreciationF3,F6,F7 | $91.81 | Dec 11, 2017 | M | 50,539 | D | — | Feb 26, 2021 | Common Stock | 50,539 | 50,539 | D |
| Stock-Settled Stock AppreciationF3,F6,F8 | $71.65 | Dec 11, 2017 | M | 36,496 | D | — | Feb 25, 2022 | Common Stock | 36,496 | 109,489 | 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 a period of four years on each anniversary of February 27, 2013.
- F5Vested ratably over a period of four years on each anniversary of February 27, 2014.
- F6Stock-settled stock appreciation rights as previously reported.
- F7Vested ratably over a period of four years on each anniversary of February 27, 2015.
- F8Vested ratably over a period of four years on each anniversary of February 27, 2016.