SEC Form 4 · accession 0001179110-17-003519
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 26, 2017
Accepted (ET)
Mar 1, 2017 · 6:42 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, 2017 | M | 1,823 | $0.00 | A | 58,286 | D | |
| Common stock | Feb 26, 2017 | F | 483 | $19.09 | D | 57,803 | D | |
| Common stock | Feb 28, 2017 | A | 2,392 | $0.00 | A | 60,195 | D | |
| Comon stock | Feb 28, 2017 | F | 638 | $19.09 | D | 59,557 | 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, 2017 | M | 1,823 | D | Feb 26, 2017 | — | common stock | 1,823 | 0 | 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 2013, 2014, 2015 and 2016.
- F5Represents performance share units earned based on adjusted EBITDA pursuant to a February 25, 2014 grant under the company's 2013 Stock and Incentive Compensation Plan. These performance share units vested on the date earned.