SEC Form 4 · accession 0001179110-15-003543
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Galea
Officer — SVP & Chief Accounting Officer
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 7:36 pm EST
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 stock | Feb 25, 2015 | M | 1,414 | $0.00 | A | 38,560 | D | |
| Common stock | Feb 25, 2015 | F | 462 | $25.56 | A | 38,098 | 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 UnitsF5,F3 | $0.00 | Feb 24, 2015 | A | 6,224 | A | Feb 24, 2016 | — | common stock | 6,224 | 6,224 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 25, 2015 | M | 1,414 | D | Feb 25, 2015 | — | common stock | 1,414 | 4,249 | D |
Explanation of responses
- F1Represents shares of common stock acquired upon vesting of restricted stock units.
- F2Represents the withholding of shares of common stock to cover payment of taxes in connection with the vesting of restricted stock units.
- F3Vested shares to be delivered shortly after vesting.
- F4The terms of the initial award for the restricted stock units provide for vesting in four equal installments on February 25 of 2015, 2016, 2017, and 2018.
- F5Represents restricted stock units acquired pursuant to the Company's 2013 Stock and Incentive Compensation Plan, which vest in equal installments on February 24 of 2016, 2017, 2018, and 2019 subject to the satisfaction of certain performance conditions.