AI assistant
Hyatt Hotels Corp — Director's Dealing 2020
Feb 28, 2020
30449_dirs_2020-02-28_437f1dfa-5b9e-4971-a02c-a967041c6bae.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Hyatt Hotels Corp (H)
CIK: 0001468174
Period of Report: 2020-02-28
Reporting Person: PDTB Tom Trust (See Remarks)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Class B Common Stock | $0.00 | 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: (2) Represents shares previously owned by Trust TJP-PTB. No consideration was paid in connection with the receipt of shares of Class B Common Stock by the Reporting Person. Such transfer of shares of Class B Common Stock to the Reporting Person constitutes a "permitted transfer" as defined under the Issuer's Amended and Restated Certificate of Incorporation. Contemporaneous with such transfer, Maroon Private Trust Company, LLC, solely in its capacity as trustee of the Reporting Person, executed a joinder to, and thereby became subject to the provisions of, the Amended and Restated Global Hyatt Agreement and the Amended and Restated Foreign Global Hyatt Agreement. Accordingly, immediately following the transfer, the shares will remain shares of Class B Common Stock.