SEC Form 4 · accession 0001179110-17-007348
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G. Williams
Officer — COO, Vistana Signature Exp
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 9:02 pm EDT
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 | May 12, 2017 | M | 20,022 | $0.00 | A | 98,018 | D | |
| Common Stock | May 12, 2017 | F | 8,400 | $26.03 | D | 89,618 | D | |
| Common stock | May 12, 2017 | M | 9,531 | $0.00 | A | 99,149 | D | |
| Common stock | May 12, 2017 | F | 3,999 | $26.03 | D | 95,150 | 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 | May 12, 2017 | M | 20,022 | A | May 12, 2017 | — | common stock | 20,022 | 46,724 | D |
| Performance Stock UnitsF5,F3 | $0.00 | May 12, 2017 | M | 9,531 | D | May 12, 2017 | — | common stock | 9,531 | 0 | D |
Explanation of responses
- F1Represents stock acquired on vesting of restricted stock units or performance stock units.
- F2Represents the withholding of shares of common stock to cover payment of taxes in connection with the vesting of restricted stock units or performance stock units.
- F3Vested shares to be delivered shortly after vesting.
- F4Represents restricted stock units acquired pursuant to the Company's 2013 Stock and Incentive Compensation Plan, which vest in three installments on May 12 of 2017, 2018 and 2019 subject to the satisfaction of certain performance conditions.
- F5Represents performance stock units acquired pursuant to the Company's 2013 Stock and Incentive Compensation Plan, which were determined to be earned and vest on May 12, 2017.