Statement of Changes in Beneficial Ownership (4)
November 12 2021 - 4:27PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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SADOVE STEPHEN I |
2. Issuer Name and Ticker or Trading Symbol
Park Hotels & Resorts Inc.
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PK
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
11/10/2021 |
(Street)
TYSONS, VA 22102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 11/10/2021 | | G(1) |
V
| 20000 | D | $0 | 29760 | D | |
Common Stock | 11/10/2021 | | G(1) |
V
| 20000 | A | $0 | 20000 | I | By Trust (2) |
Common Stock | | | | | | | | 9687 | I | 2020 GRAT (3) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | This transaction involved a gift of 20,000 shares of Park Hotels & Resorts Inc. common stock to the Karin Sadove Revocable Trust UAD September 11, 2008, of which the reporting person's spouse serves as the sole trustee and the reporting person's spouse and children are the beneficiaries. |
(2) | Karin Sadove Revocable Trust UAD September 11, 2008 |
(3) | Represents 9,687 shares of Park Hotels & Resorts Inc. common stock directly owned by the Stephen I. Sadove 2020 Park Hotels and Resorts GRAT (the "2020 GRAT"), of which the reporting person is the trustee and he and his three children are the beneficiaries. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
SADOVE STEPHEN I C/O PARK HOTELS & RESORTS INC. 1775 TYSONS BLVD, 7TH FLOOR TYSONS, VA 22102 | X |
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Signatures
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/s/ Nancy Vu, as Attorney-in-Fact | | 11/12/2021 |
**Signature of Reporting Person | Date |
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