SEC Form 4 · accession 0001209191-17-042147
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
Jun 26, 2017
Accepted (ET)
Jun 28, 2017 · 4:45 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 Stock | Jun 26, 2017 | M | 1,621 | $20.41 | A | 36,685 | D | |
| Common Stock | Jun 26, 2017 | F | 680 | $122.30 | D | 36,005 | D | |
| Common Stock | Jun 26, 2017 | M | 2,098 | $15.78 | A | 38,103 | D | |
| Common Stock | Jun 26, 2017 | F | 880 | $122.30 | D | 37,223 | D | |
| Common StockF1 | Jun 26, 2017 | S | 2,159 | $122.10 | D | 35,064 | 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 | $20.41 | Jun 26, 2017 | M | 1,946 | D | — | Feb 19, 2018 | Common Stock | 1,946 | 0 | D |
| Stock Appreciation RightF2 | $15.78 | Jun 26, 2017 | M | 2,409 | D | — | Aug 7, 2018 | Common Stock | 2,409 | 0 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.07 to $122.18. The reporting person undertakes to provide to Marriott Vacations Worldwide Corporation, any security holder of Marriott Vacations Worldwide Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold.
- 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.