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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $ 0 | (2) | (2) | Common Stock | 6,852 | 6,852 (3) | D | ||||||||
Restricted Stock Units | $ 0 | (4) | (4) | Common Stock | 13,461 | 13,461 (3) | D | ||||||||
Restricted Stock Units | $ 0 | (5) | (5) | Common Stock | 14,600 | 14,600 (3) | D | ||||||||
Restricted Stock Units | $ 0 | (6) | (6) | Common Stock | 22,600 | 22,600 (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
REED COLIN V ONE GAYLORD DRIVE NASHVILLE, TN 37214 |
X | Chairman & CEO |
Scott J. Lynn, Attorney-in-Fact for Colin V. Reed | 07/15/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Includes 533,289 shares credited to Mr. Reed's SERP account, each of which is the economic equivalent of one share of common stock and payable solely on shares of common stock following termination of employment. |
(2) | Restricted stock unit vests on a one-to-on share basis on February 14, 2017. |
(3) | In accordance with the terms of the reporting person's outstanding restricted stock unit awards, as a result of the $0.75 dividend per share of outstanding common stock paid by the issuer on July 15, 2016, the reporting person received additional restricted stock units in an amount based on the amount of the dividend per share and the closing price of the issuer's common stock traded on the NYSE on June 30, 2016. |
(4) | Restricted stock vests on a one-to-one share basis 50% on February 26, 2017 and February 26, 2018. |
(5) | Restricted stock unit vests on a one-to-one share basis ratably in 1/4 increments beginning on March 15, 2016. |
(6) | Restricted stock unit vests on a one-to-one share basis ratably in 1/4 increments for four years beginning on March 15, 2017. |