Statement of Changes in Beneficial Ownership (4)
December 23 2020 - 4:46PM
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
*
Silver Sherri A |
2. Issuer Name and Ticker or Trading Symbol
Hilton Grand Vacations Inc.
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HGV
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks |
(Last)
(First)
(Middle)
C/O HILTON GRAND VACATIONS INC, 6355 METROWEST BOULEVARD, SUITE 180 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/21/2020 |
(Street)
ORLANDO, FL 32835
(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 | 12/21/2020 | | M(1) | | 6297 | A | $0 | 32339 | D | |
Common Stock | 12/21/2020 | | F(2) | | 2479 | D | $30.30 | 29860 | D | |
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) | Represents the settlement of performance share units granted by the Issuer related to the performance period commencing January 1, 2018 and originally ending December 31, 2020 ("2018 PSUs") based on the Compensation Committee's (a) modification of the terms of the 2018 PSUs to shorten the performance period to end on December 31, 2019 and prorate the number of performance share units accordingly, and (b) determination as to the satisfaction of the applicable performance metrics. |
(2) | Represents the number of shares of common stock withheld by the Issuer to satisfy tax withholding requirements. |
Remarks: Title: Executive Vice President and Chief Marketing Officer |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Silver Sherri A C/O HILTON GRAND VACATIONS INC 6355 METROWEST BOULEVARD, SUITE 180 ORLANDO, FL 32835 |
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| See Remarks |
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Signatures
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/s/ Charles R. Corbin, as Attorney-in-Fact | | 12/23/2020 |
**Signature of Reporting Person | Date |
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