SEC Form 4 · accession 0001127602-16-065069
Carnival Corp Ltd. · CCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arnold W Donald
Officer — President & CEO · Director
Period of report
Oct 18, 2016
Accepted (ET)
Oct 20, 2016 · 1:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000815097
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Oct 18, 2016 | A | 432,518 | $0.00 | A | 609,597 | D | |
| Common StockF4,F5 | Oct 18, 2016 | S | 91,813 | $46.6725 | D | 517,784 | D | |
| Common Stock | holding | — | — | — | 14,556 | I | By The Arnold W. Donald Revocable Trust Uad 5/26/98 |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of performance-based restricted stock units ("Performance RSUs") granted on October 14, 2013 pursuant to the Carnival Corporation 2011 Stock Plan and the Reporting Person's Employment Agreement. Each Performance RSU represents one share of Carnival Corporation common stock. The Performance RSU's will vest 50% as of October 18, 2016 and 50% as of October 14, 2017.
- F2The reporting person was eligible to earn from 0-5 times the stated target amount of Performance RSUs to the extent that the compound annual growth rate of Carnival Corporation & plc's total shareholder return over a three year performance cycle exceeded specified performance goals.
- F3Includes shares acquired pursuant to the purchase under, or the dividend reinvestment feature of, the reporting person's brokerage account or the Carnival Corporation Employee Stock Purchase Plan.
- F4Represents a surrender of shares to satisfy the tax obligation on the vesting of the Performance RSUs.
- F5This transaction was executed in multiple trades at prices ranging from $46.510 to $46.990. The price reported reflects the average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.