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MARRIOTT VACATIONS WORLDWIDE Corp — Director's Dealing 2018
Sep 7, 2018
31470_dirs_2018-09-06_742f8af8-b232-4eef-9ecb-419c80c844b9.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK: 0001524358
Period of Report: 2018-09-01
Reporting Person: GALBREATH LIZANNE (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4819 | Direct |
Footnotes
F1: Represents shares of common stock, $0.01 par value per share ("Marriott Common Stock"), of Marriott Vacations Worldwide Corporation (the "Company") received as merger consideration (defined below) in exchange for 29,212 shares of common stock, $0.01 par value per share ("ILG Common Stock"), of ILG, Inc. ("ILG"), in connection with the acquisition of ILG by the Company (the "merger"), pursuant to the Agreement and Plan of Merger, dated as of April 30, 2018, by and among the Company, ILG, Ignite Holdco, Inc., Ignite Holdco Subsidiary, Inc., Volt Merger Sub, Inc., and Volt Merger Sub LLC (the "merger agreement"). As of the effective time of the merger on September 1, 2018 (the "Effective Time"), each share of ILG Common Stock automatically converted into the right to receive 0.165 shares of Marriott Common Stock and $14.75 in cash, along with cash in lieu of any fractional share (the "merger consideration").
F2: The 4,819 shares of Marriott Common Stock received as merger consideration include shares of Marriott Common Stock received in exchange for 3,611 restricted stock units of ILG that accelerated upon completion of the merger.