FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MARRIOTT INTERNATIONAL INC /MD/ [ MAR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/25/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 02/25/2021 | A(1) | 19,590 | A | $139.54 | 83,261 | D | |||
Class A Common Stock | 02/25/2021 | A(2) | 10,760 | A | $120.16 | 94,021 | D | |||
Class A Common Stock | 02/25/2021 | A(3) | 9,447 | A | $88.31 | 103,468 | D | |||
Class A Common Stock | 02/25/2021 | A(4) | 8,833 | A | $124.79 | 112,301 | D | |||
Class A Common Stock | 02/25/2021 | S | 778 | D | $156.63 | 111,523 | D | |||
Class A Common Stock | 02/25/2021 | S | 795 | D | $156.63 | 110,728 | D | |||
Class A Common Stock | 02/25/2021 | S | 1,136 | D | $156.63 | 109,592 | D | |||
Class A Common Stock | 02/25/2021 | S | 2,026 | D | $156.63 | 107,566 | D | |||
Class A Common Stock | 02/25/2021 | S | 5,265 | D | $156.63 | 102,301 | D | |||
Class A Common Stock | 02/25/2021 | F(3) | 7,421 | D | $150.92 | 94,880 | D | |||
Class A Common Stock | 02/25/2021 | F(4) | 8,038 | D | $151.1 | 86,842 | D | |||
Class A Common Stock | 02/25/2021 | F(2) | 9,624 | D | $151.02 | 77,218 | D | |||
Class A Common Stock | 02/25/2021 | F(1) | 18,812 | D | $151.16 | 58,406 | D | |||
Class A Common - Restricted Stock Units | 19,335 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 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: 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 | ||||||||
Stock Appreciation Rights | $139.54 | 02/25/2021 | M | 19,590 | (5) | 02/20/2028 | Class A Common Stock | 19,590 | $0.0000 | 0.0000 | D | ||||
Stock Appreciation Rights | $88.31 | 02/25/2021 | M | 9,447 | (6) | 02/21/2027 | Class A Common Stock | 9,447 | $0.0000 | 0.0000 | D | ||||
Stock Appreciation Rights | $120.16 | 02/25/2021 | M | 10,760 | (7) | 03/02/2030 | Class A Common Stock | 10,760 | $0.0000 | 21,520 | D | ||||
Stock Appreciation Rights | $124.79 | 02/25/2021 | M | 8,833 | (8) | 03/05/2029 | Class A Common Stock | 8,833 | $0.0000 | 17,666 | D |
Explanation of Responses: |
1. The reporting person received 778 shares of common stock upon the net exercise of 19,590 stock appreciation rights (SARs). A total of 18,812 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise. |
2. The reporting person received 1,136 shares of common stock upon the net exercise of 10,760 stock appreciation rights (SARs). A total of 9,624 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise. |
3. The reporting person received 2,026 shares of common stock upon the net exercise of 9,447 stock appreciation rights (SARs). A total of 7,421 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise. |
4. The reporting person received 795 shares of common stock upon the net exercise of 8,833 stock appreciation rights (SARs). A total of 8,038 shares of common stock underlying such SARs were withheld in payment of the exercise price and to satisfy the withholding tax obligation resulting from the exercise. |
5. Stock Appreciatian Rights, settled in Class A Common Stock and vesting in three equal annual installments beginning on the first anniversary of the February 20, 2018 grant date. |
6. Stock Appreciatian Rights, settled in Class A Common Stock and vesting in three equal annual installments beginning on the first anniversary of the February 21, 2017 grant date. |
7. Stock Appreciatian Rights, settled in Class A Common Stock and vesting in three equal annual installments beginning on the first anniversary of the March 2, 2020 grant date. |
8. Stock Appreciatian Rights, settled in Class A Common Stock and vesting in three equal annual installments beginning on the first anniversary of the March 5, 2019 grant date. |
Andrew P.C. Wright, Attorney-in-Fact | 02/26/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |