SEC Form 4 · accession 0001437749-18-003977
Travel & Leisure Co. · TNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mary R Falvey
Officer — Exec. VP & Chief HR Officer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 7:57 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 StockF1 | Mar 1, 2018 | A | 9,258 | $0.00 | A | 80,350 | D | |
| Common StockF2 | Mar 1, 2018 | F | 4,560 | $115.61 | D | 75,790 | D | |
| Common StockF3,F4 | Mar 1, 2018 | A | 7,784 | $0.00 | A | 42,093 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Common stock acquired under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan on vesting of previously-granted performance vested restricted stock units which vested on March 1, 2018.
- F2Common stock withheld as payment of tax liability incident to the vesting of performance vested restricted stock units granted in accordance with Rule 16b-3.
- F3Restricted stock units granted under the Wyndham Worldwide Corporation 2006 Equity and Incentive Plan. The units vest in full on the earlier of the first anniversary of the closing date of the Registrant's proposed spin-off transaction plus thirty days or December 31, 2019 (each, a Vesting Date), subject to the reporting person's continuous employment with the Corporation, the company to be spun-off or any of their respective subsidiaries, as applicable, from the date of grant through the Vesting Date; provided that if the reporting person's employment is terminated by the Corporation, the company to be spun-off or any of their respective subsidiaries without "cause" on a date that is on or after December 31, 2018 and prior to the Vesting Date, such units shall fully vest as of the termination date, subject to the reporting person's execution of a general release. The reporting person will receive one share of common stock for each vested restricted stock unit.
- F4Includes restricted stock units as previously reported.