MARRIOTT VACATIONS WORLDWIDE Corp — Director's Dealing 2013

Apr 16, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Marriott Vacations Worldwide Corp (VAC)
CIK: 0001524358
Period of Report: 2012-11-01

Reporting Person: Delorey Clifford M (EVP&Chief Resort Exper Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-01	Common Stock	M	60	$8.77	Acquired	60	Direct
2012-11-01	Common Stock	M	60	$8.91	Acquired	120	Direct
2012-11-01	Common Stock	S	120	$39.31	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-11-01	Stock Option (Right to Buy)	$8.91	M	60	Disposed	2012-11-06	Common Stock (60)	Direct
2012-11-01	Stock Option (Right to Buy)	$8.77	M	60	Disposed	2012-11-06	Common Stock (60)	Direct

Footnotes

F1: Issued under the Marriott Vacations Worldwide Corporation Stock and Cash Incentive Plan pursuant to the anti-dilution provisions of an award granted to the reporting person under the Marriott International, Inc. Stock and Cash Incentive Plan, which award has substantially the same terms as the Marriott International, Inc. award to which it relates (other than with respect to the exercise price and the number and type of shares covered thereby, which were adjusted based on the distribution ratio in the legal and structural separation of Marriott Vacations Worldwide Corporation from Marriott International, Inc. (the "Spin-Off")) and is fully vested based on service prior to the Spin-Off.