SEC Form 4 · accession 0001179110-16-020189
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John A Galea
Officer — SVP & Chief Accounting Officer
Period of report
Feb 23, 2016
Accepted (ET)
Feb 25, 2016 · 9:40 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 24, 2016 | M | 1,590 | $0.00 | A | 39,845 | D | |
| Common stock | Feb 24, 2016 | F | 520 | $11.85 | A | 39,325 | 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 23, 2016 | A | 5,291 | A | Feb 23, 2017 | — | common stock | 5,291 | 5,291 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 24, 2016 | M | 1,590 | D | Feb 24, 2016 | — | common stock | 1,590 | 4,779 | 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 24 of 2016, 2017, 2018 and 2019.
- F5Represents restricted stock units acquired pursuant to the Company's 2013 Stock and Incentive Compensation Plan, which vest in equal installments on February 23 of 2017, 2018, 2019 and 2020 subject to the satisfaction of certain performance conditions.