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LAS VEGAS SANDS CORP — Director's Dealing 2014
Mar 7, 2014
30079_dirs_2014-03-07_664b0eb1-3836-4ff2-a883-ef9f4a09e4a4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: LAS VEGAS SANDS CORP (LVS)
CIK: 0001300514
Period of Report: 2014-03-05
Reporting Person: Siegel Irwin A (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-05 | Common Stock | M | 5100 | $44.26 | Acquired | 20750 | Direct |
| 2014-03-05 | Common Stock | S | 5100 | $87.7469 | Disposed | 15650 | Direct |
| 2014-03-05 | Common Stock | M | 6250 | $13.34 | Acquired | 21900 | Direct |
| 2014-03-05 | Common Stock | S | 6250 | $87.74 | Disposed | 15650 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-05 | Option (Right to Buy) | $44.26 | M | 5100 | Disposed | 2015-02-07 | Common Stock (5100) | Direct |
| 2014-03-05 | Option (Right to Buy) | $13.34 | M | 6250 | Disposed | 2020-02-22 | Common Stock (6250) | Direct |
Footnotes
F1: In accordance with the provisions of the Issuer's 2004 Equity Award Plan, the Compensation Committee approved an equitable adjustment to reduce the exercise price of the options to reflect the $2.75 per share special dividend to be paid on outstanding shares of the Issuer's common stock. The equitable adjustment was effective as of December 10, 2012.
F2: Shares sold in connection with the exercise of stock options.
F3: This transaction was executed in multiple trades at prices ranging from $87.74 to $87.78. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F4: The Reporting Person was granted options to purchase 5,100 shares on February 8, 2005, of which 1,020 vested on February 8, 2006, 1,020 vested on February 8, 2007, 1,020 vested on February 8, 2008, 1,020 vested on February 8, 2009, and 1,020 vested on February 8, 2010.
F5: The Reporting Person was granted options to purchase 25,000 shares on February 23, 2010, of which 6,250 vested on February 23, 2011, 6,250 vested on February 23, 2012, 6,250 vested on February 23, 2013, and 6,250 vested on February 23, 2014.