SEC Form 4 · accession 0001104659-15-065834
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lewis J Korman
Director
Period of report
Sep 15, 2015
Accepted (ET)
Sep 17, 2015 · 6:39 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434620
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stockF5 | Sep 16, 2015 | M | 1,246 | $0.00 | A | 44,561 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | $0.00 | Sep 15, 2015 | A | 15 | A | — | — | Common stock | 15 | 2,478 | D |
| Restricted Stock UnitsF3,F1 | $0.00 | Sep 15, 2015 | A | 7 | A | — | — | Common stock | 7 | 1,246 | D |
| Restricted Stock UnitsF4,F1 | $0.00 | Sep 15, 2015 | A | 29 | A | — | — | Common stock | 29 | 4,804 | D |
| Restricted Stock UnitsF1 | $0.00 | Sep 16, 2015 | M | 1,246 | D | Sep 16, 2016 | — | Common stock | 1,246 | 0 | D |
Explanation of responses
- F1The rights accrued when and as cash dividends were reinvested in securities and vest on the same terms as the RSUs to which they relate with vested shares delivered shortly after vesting.
- F2Represents 2,463 RSUs originally granted on May 12, 2014 plus prior dividends and 15 RSUs issued effective September 15, 2015 in connection with the company's cash dividend.
- F3Represents 1,239 RSUs originally granted on September 16, 2014 plus prior dividends and 7 RSUs issued effective September 15, 2015 in connection with the company's cash dividend.
- F4Represents 4,775 RSUs originally granted on May 19, 2015 plus prior dividends and 29 RSUs issued effective September 15, 2015 in connection with the company's cash dividend.
- F5Represents shares of common stock issued upon vesting of restricted stock units.