SEC Form 4 · accession 0001140361-15-004710
ROYAL CARIBBEAN CRUISES LTD · RCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley H Stein
Officer — SVP, GC & ChiefComplianceOff
Period of report
Feb 5, 2015
Accepted (ET)
Feb 9, 2015 · 6:55 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884887
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 5, 2015 | F | 327 | $75.5405 | D | 34,830 | D | |
| Common StockF3,F4 | Feb 6, 2015 | A | 3,281 | $0.00 | A | 38,111 | D | |
| Common StockF5,F4 | Feb 6, 2015 | A | 4,898 | $0.00 | A | 43,009 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of 1,029 shares underlying certain restricted stock units on 2/5/2015.
- F2Represents the average of the high and low prices for the issuer's common stock on the NYSE on 2/5/2015.
- F3Represents shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. In accordance with our vesting into retirement policy, award vests in four installments as follows: 25% on each of the first, second and third anniversary of grant date and 25% on April 26, 2018. Notwithstanding the foregoing vesting schedule, the shares vesting on April 26, 2018 will be subject to restrictions on transferability which will lift on the fourth anniversary of the grant date.
- F4Granted in consideration for service as an officer of the issuer.
- F5Represents shares of common stock underlying performance shares granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. The target award was authorized by the Board of Directors on February 5, 2014. The actual number of shares underlying the award was determined by the Compensation Committee on February 6, 2015 based on the Company's Return on Invested Capital for the year ended December 31, 2014. The award vests in one installment on February 5, 2017.