SEC Form 4 · accession 0001179110-16-020602
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 26, 2016
Accepted (ET)
Mar 1, 2016 · 9:25 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, 2016 | M | 10,455 | $0.00 | A | 50,753 | D | |
| Common stock | Feb 26, 2016 | F | 2,972 | $12.60 | D | 47,781 | D | |
| Common stock | Feb 26, 2016 | M | 1,762 | $0.00 | A | 49,543 | D | |
| Common stock | Feb 26, 2016 | F | 482 | $12.60 | D | 49,061 | 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 UnitsF3 | $0.00 | Feb 26, 2016 | M | 10,455 | D | Feb 26, 2016 | — | common stock | 10,455 | 0 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Feb 26, 2016 | M | 1,762 | D | Feb 26, 2016 | — | common stock | 1,762 | 1,768 | D |
| Restricted Stock UnitsF5,F3 | $0.00 | Feb 26, 2016 | A | 1,812 | A | Mar 20, 2016 | — | common stock | 1,812 | 1,812 | D |
Explanation of responses
- F1Represents shares of common stock acquired upon vesting of restricted stock units.
- F2Represents 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 20, 2013 grant of performance shares granted under the Company's 2008 Stock and Annual Incentive Plan, as amended. These restricted stock units vest on March 20, 2016.