SEC Form 4 · accession 0001179110-15-003849
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig M Nash
Officer — Chairman, CEO and Pres. · Director
Period of report
Feb 26, 2015
Accepted (ET)
Mar 2, 2015 · 6:37 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 26, 2015 | M | 19,158 | $0.00 | A | 678,202 | D | |
| Common stock | Feb 26, 2015 | F | 5,474 | $25.94 | D | 672,728 | 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 UnitsF4,F3 | $0.00 | Feb 26, 2015 | M | 19,158 | D | Feb 26, 2015 | — | common stock | 19,158 | 38,321 | D |
| Restricted Stock UnitsF5,F3 | $0.00 | Feb 27, 2015 | A | 25,284 | A | Mar 6, 2015 | — | common stock | 25,284 | 25,284 | D |
| Restricted stock unitsF6,F3 | $0.00 | Feb 27, 2015 | A | 13,848 | A | Mar 6, 2015 | — | Common stock | 13,848 | 13,848 | 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 26 of 2014, 2015, 2016 and 2017.
- F5Represents restricted stock units earned based on adjusted EBITDA pursuant to a March 6, 2012 grant of performance shares granted under the Company's 2008 Stock and Annual Incentive Plan, as amended. These restricted stock units vest on March 6, 2015.
- F6Represents restricted stock units earned based on total shareholder return pursuant to a March 6, 2012 grant of performance shares granted under the Company's 2008 Stock and Annual Incentive Plan, as amended. These restricted stock units vest on March 6, 2015.