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Hyatt Hotels Corp — Director's Dealing 2020
Feb 28, 2020
30449_dirs_2020-02-28_b347803b-c22c-48f6-8552-990d9909197f.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: 2020-02-28
Reporting Person: Trust TJP-PTB (See Remarks)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-28 | Class B Common Stock | $ | J | 521988 | Disposed | Class A Common Stock (521988) | Direct |
Footnotes
F1: As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.
F2: On February 28, 2020, the Reporting Person transferred 521,988 shares of Class B Common Stock to a trust for the benefit of the beneficiary of the Reporting Person. No consideration was paid in connection with the transfer from the Reporting Person. The transfer of shares of Class B Common Stock to the recipient trust constitutes a "permitted transfer" as defined under the Issuer's Amended and Restated Certificate of Incorporation. Accordingly, immediately following the transfer, the shares remain shares of Class B Common Stock.