SEC Form 4 · accession 0001209191-16-114804
United Parks & Resorts Inc. · PRKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Reilly
Officer — Chief Parks Operations Officer
Period of report
Apr 15, 2016
Accepted (ET)
Apr 19, 2016 · 12:44 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001564902
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 15, 2016 | M | 1,214 | $18.96 | A | 84,437 | D | |
| Common StockF2 | Apr 15, 2016 | S | 1,214 | $20.8038 | D | 83,223 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F4,F3 | $18.96 | Apr 15, 2016 | M | 1,214 | D | — | Mar 3, 2025 | Common Stock | 1,214 | 13,355 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $20.78 to $20.81, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- F3This option vests in four equal annual installments beginning on March 3, 2016.
- F4In accordance with Instruction 4 to this Form 4, Column 9 reports only total beneficial ownership of the "class" of derivative security reported in Column 1. Options that have different exercise prices or expiration dates are not considered to be of the same "class." As a result of the transaction reported herein, the reporting person currently has aggregate options to purchase a total of 30,411 shares of the Issuer.