SEC Form 4 · accession 0001179110-18-002635
ILG, LLC · ILG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kelly R Frank
Officer — EVP & CHRO
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 6:39 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 20, 2018 | M | 2,261 | $0.00 | A | 14,328 | D | |
| Common stock | Feb 20, 2018 | F | 671 | $32.20 | D | 13,657 | 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 20, 2018 | M | 2,261 | D | Feb 20, 2018 | — | common stock | 2,261 | 4,595 | D |
| Restricted stock unitF3,F5 | $0.00 | Feb 20, 2018 | A | 5,714 | A | Feb 20, 2019 | — | common stock | 5,714 | 5,714 | 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 three equal installments on February 14 of 2018 (or such later date as the performance is certified), 2019 and 2020.
- F5Represents restricted stock units acquired pursuant to the Company's 2013 Stock and Incentive Compensation Plan, which vest in equal installments on February 20 of 2019, 2020 and 2021.