SEC Form 4 · accession 0001209191-16-134096
MARRIOTT VACATIONS WORLDWIDE Corp · VAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H. Hunter IV
Officer — Exec. VP & General Counsel
Period of report
Jul 25, 2016
Accepted (ET)
Jul 27, 2016 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001524358
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 25, 2016 | M | 257 | $28.16 | A | 31,764 | D | |
| Common Stock | Jul 25, 2016 | F | 71 | $79.04 | D | 31,693 | D | |
| Common Stock | Jul 25, 2016 | S | 186 | $79.11 | D | 31,507 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2 | $28.16 | Jul 25, 2016 | M | 399 | D | — | Feb 12, 2017 | Common Stock | 399 | 0 | D |
Explanation of responses
- F1Reflects 75 and 88 shares of Common Stock acquired pursuant to the Marriott Vacations Worldwide Corporation Employee Stock Purchase Plan on March 31, 2016 and June 30, 2016, respectively.
- F2Issued under the Marriott Vacations Worldwide Corporation Stock and Cash Incentive Plan pursuant to the anti-dilution provisions of an award granted to the reporting person under the Marriott International, Inc. Stock and Cash Incentive Plan, which award has substantially the same terms as the Marriott International, Inc. award to which it relates (other than with respect to the exercise price and the number and type of shares covered thereby, which were adjusted based on the distribution ratio in the legal and structural separation of Marriott Vacations Worldwide Corporation from Marriott International, Inc. (the "Spin-Off")) and is fully vested based on service prior to the Spin-Off.