SEC Form 4 · accession 0001140361-16-048406
Hyatt Hotels Corp · H
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Dec 31, 2015
Accepted (ET)
Jan 21, 2016 · 9:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468174
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF1,F2 | — | Dec 31, 2015 | J | 992,768 | D | — | — | Class A Common Stock | 992,768 | 3,030,290 | D |
| Class B Common StockF1,F2 | — | Dec 31, 2015 | J | 992,768 | D | — | — | Class A Common Stock | 992,768 | 2,037,522 | D |
Explanation of responses
- F1As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.
- F2The Reporting Person is an existing trust. On December 31, 2015, the Reporting Person contributed shares of Class B Common Stock to the ECI Trust - Julia and the ECI Trust - Theodore. No consideration was paid in connection with these contributions, each of which represents a "permitted transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. The ECI Trust - Julia and the ECI Trust - Theodore have each executed joinders to and become subject to the provisions of the Amended and Restated Global Hyatt Agreement. Accordingly, immediately following such contribution, the shares remained shares of Class B Common Stock.
Remarks
The Reporting Person may be deemed to be a member of a 10% owner group because the Reporting Person has agreed to certain voting agreements and limitations on transfers of shares of Class A Common Stock and Class B Common Stock. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.