SEC Form 4 · accession 0000899243-17-001138
Hilton Grand Vacations Inc. · HGV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Dean Brown
Officer — EVP & Chief Operating Officer
Period of report
Jan 6, 2017
Accepted (ET)
Jan 11, 2017 · 9:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001674168
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 6, 2017 | A | 7,439 | $0.00 | A | 27,272 | D | |
| Common StockF4 | Jan 6, 2017 | A | 10,730 | $0.00 | A | 38,002 | D | |
| Common StockF5 | Jan 6, 2017 | A | 1,240 | $0.00 | A | 39,242 | D | |
| Common StockF6 | Jan 6, 2017 | A | 3,577 | $0.00 | A | 42,819 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F7 | $20.52 | Jan 6, 2017 | A | 8,723 | A | — | Feb 19, 2024 | Common Stock | 8,723 | 8,723 | D |
| Stock Option (Right to Buy)F8 | $26.17 | Jan 6, 2017 | A | 8,117 | A | — | Feb 10, 2025 | Common Stock | 8,117 | 8,117 | D |
| Stock Option (Right to Buy)F9 | $18.69 | Jan 6, 2017 | A | 12,824 | A | — | Feb 18, 2026 | Common Stock | 12,824 | 12,824 | D |
Explanation of responses
- F1Represents equity awards granted by Hilton Worldwide Holdings Inc. ("HLT") that have been converted into equity awards of Hilton Grand Vacations Inc. (the "Issuer") in connection with the spin-off of the Issuer from HLT (the "Spin-off").
- F2Restricted stock units that vest on December 31, 2017.
- F3Includes common stock of the Issuer received with respect to shares of HLT common stock held prior to the Spin-off.
- F4Restricted stock units that vest on December 31, 2018.
- F5Restricted stock units that vest on February 10, 2017.
- F6Restricted stock units that vest in two equal annual installments on February 15, 2017 and February 15, 2018.
- F7The option vests in three equal annual installments beginning on February 19, 2015.
- F8The option vests in three equal annual installments beginning on February 10, 2016.
- F9The option vests in three equal annual installments beginning on February 15, 2017.