SEC Form 4 · accession 0000899243-16-023807
STARWOOD HOTELS & RESORTS WORLDWIDE, LLC · HOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Hippeau
Director
Period of report
Jun 24, 2016
Accepted (ET)
Jun 28, 2016 · 9:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000316206
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF4,F5,F1,F3 | — | Jun 24, 2016 | A | 286 | A | — | — | Common Stock | 286 | 32,478 | D |
Explanation of responses
- F1Phantom stock is convertible into Common Stock on a one-for-one basis.
- F2Director fees pursuant to the Starwood Hotels & Resorts Worldwide, Inc. 2013 Long-Term Incentive Compensation Plan.
- F3As per the terms of Reporting Person's Deferral Agreement, Phantom Stock will convert into Common Stock and will be distributed to the Reporting Person on January 15, 2019 or if earlier, in the first quarter of the first calendar year following the calendar year in which Reporting Person ceases to be a director.
- F4Not Applicable.
- F5Reflects an adjustment to the Phantom Stock that was made in connection with the separation of the Issuer's vacation ownership business from its other businesses on May 11, 2016.