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Hyatt Hotels Corp — Director's Dealing 2013
Mar 19, 2013
30449_dirs_2013-03-19_d55ce970-02c7-4c53-bc2f-0bad480182a4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Hyatt Hotels Corp (H)
CIK: 0001468174
Period of Report: 2013-03-15
Reporting Person: Webb Robert W.K. (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-03-15 | Class A Common Stock | A | 10742 | $0.00 | Acquired | 22435 | Direct |
| 2013-03-16 | Class A Common Stock | M | 1557 | — | Acquired | 23992 | Direct |
| 2013-03-16 | Class A Common Stock | F | 504 | $43.44 | Disposed | 23488 | Direct |
| 2013-03-16 | Class A Common Stock | M | 1574 | — | Acquired | 25062 | Direct |
| 2013-03-16 | Class A Common Stock | F | 510 | $43.44 | Disposed | 24552 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-15 | Restricted Stock Units | $ | A | 5371 | Acquired | Class A Common Stock (5371) | Direct | |
| 2013-03-15 | Stock Appreciation Rights | $43.44 | A | 12999 | Acquired | 2023-03-15 | Class A Common Stock (12999) | Direct |
| 2013-03-16 | Restricted Stock Units | $ | M | 1557 | Disposed | 2013-03-16 | Class A Common Stock (1557) | Direct |
| 2013-03-16 | Restricted Stock Units | $ | M | 1574 | Disposed | 2013-03-16 | Class A Common Stock (1574) | Direct |
Footnotes
F1: Represents 10,742 shares of restricted Class A common stock ("Restricted Stock") issued pursuant to the Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan (the "LTIP"). The Restricted Stock will vest following the three-year period ending December 31, 2015, subject to attainment of certain performance goals set forth in a restricted stock award agreement. The Restricted Stock is subject to certain restrictions, including restrictions on transfer, prior to vesting. The shares of Restricted Stock vest at 25% if the threshold goal is achieved, 50% if the target goal is achieved and 100% if the maximum goal is achieved or exceeded. If less than 100% of the shares of Restricted Stock vest, then those shares that do not vest will be forfeited.
F2: Each Restricted Stock Unit ("RSU") represents the contingent right to receive, at settlement, one share of Class A Common Stock. This transaction represents the settlement of vested RSUs in shares of Class A Common Stock.
F3: Each RSU represents the contingent right to receive one share of Class A Common Stock.
F4: The RSUs issued pursuant to the LTIP vest and become payable in four equal annual installments beginning on March 16, 2014. The RSUs will be settled in Class A Common Stock upon vesting, subject to earlier settlement upon death or disability or a change of control of the Issuer.
F5: The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on March 16, 2014.