MARRIOTT VACATIONS WORLDWIDE Corp — Director's Dealing 2016

Jul 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK: 0001524358
Period of Report: 2016-07-25

Reporting Person: Hunter James H. IV (Exec. VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-25	Common Stock	M	257	$28.16	Acquired	31763.8	Direct
2016-07-25	Common Stock	F	71	$79.04	Disposed	31692.8	Direct
2016-07-25	Common Stock	S	186	$79.11	Disposed	31506.8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-25	Stock Appreciation Right	$28.16	M	399	Disposed	2017-02-12	Common Stock (399)	Direct

Footnotes

F1: Reflects 75 and 88 shares of Common Stock acquired pursuant to the Marriott Vacations Worldwide Corporation Employee Stock Purchase Plan on March 31, 2016 and June 30, 2016, respectively.

F2: 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.