SEC Form 4 · accession 0001567619-19-004443
ROYAL CARIBBEAN CRUISES LTD · RCL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Bayley
Officer — Pres& CEO,Royal Caribbean Intl
Period of report
Feb 12, 2019
Accepted (ET)
Feb 14, 2019 · 4:39 pm 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 | Feb 12, 2019 | S | 6,515 | $116.1213 | D | 51,250 | D | |
| Common StockF2 | Feb 12, 2019 | S | 600 | $116.4733 | D | 50,650 | D | |
| Common StockF3,F4 | Feb 12, 2019 | A | 30,593 | $0.00 | A | 81,243 | D | |
| Common StockF5,F6 | Feb 12, 2019 | F | 12,038 | $116.08 | D | 69,205 | D | |
| Common StockF7,F4 | Feb 13, 2019 | A | 13,889 | $0.00 | A | 83,094 | D | |
| Common StockF8,F9 | Feb 13, 2019 | F | 992 | $118.08 | D | 82,102 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 12, 2019. The actual sale prices ranged from a low of $115.41 to a high of $116.40. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range.
- F2Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 12, 2019. The actual sale prices ranged from a low of $116.41 to a high of $116.59. The Reporting Person undertakes to provide upon request of the SEC Staff, Royal Caribbean Cruises Ltd. or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the range.
- F3Represents shares of common stock underlying performance shares granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. The target award was authorized by the Compensation Committee on 02/09/2016. The actual number of shares underlying the award was determined by the Compensation Committee on 02/12/2019. The award vested in one installment on 02/12/2019.
- F4Granted in consideration for service as an officer of the issuer.
- F5Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 02/12/2019.
- F6Represents the average of the high and low prices for the issuer's common stock on the NYSE on 2/12/2019.
- F7Represents shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. Award vests in four equal annual installments commencing on the first anniversary of the grant date.
- F8Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on 2/13/2019.
- F9Represents the average of the high and low prices for the issuer's common stock on the NYSE on 2/13/2019.