Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
[Rule 13d-101]
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 204.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 7)
Hyatt Hotels Corporation
(Name of Issuer)
Class A Common Stock, $0.01 par value per share
(Title of Class of Securities)
448579102
(CUSIP Number)
1922 Trust Company LTA, as Trustee
3737 Buffalo Speedway, Suite 300
Houston, Texas 77098
(713) 624-5500
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
June 29, 2021
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
(Continued on following pages)
Page 1 of 17 Pages
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
1922 Trust Company LTA, not individually, but solely as trustee of the trusts listed on Appendix A-1. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
Texas | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,406,250* | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,406,250* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,406,250* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
1.4%* | |||||
14. | Type of Reporting Person
OO |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Lewis M. Linn, not individually, but solely as trustee of 1922 Trust. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
United States | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,406,250* | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,406,250* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,406,250* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
1.4%* | |||||
14. | Type of Reporting Person
OO |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Featherman H Company LP | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,221,243* | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,221,243* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,221,243* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
1.2%* | |||||
14. | Type of Reporting Person
PN |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
8-26-22 GP LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,221,243* | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
1,221,243* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
1,221,243* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
1.2%* | |||||
14. | Type of Reporting Person
OO |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
RKMP H Company LP | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
136,480* | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
136,480* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
136,480* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
0.1%* | |||||
14. | Type of Reporting Person
PN |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
1. | Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Julytoon Investments GP LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☒ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
OO | |||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
| |||||
6. | Citizenship or Place of Organization
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
136,480* | |||||
9. | Sole D ispositive Power
0 | |||||
10. | Shared Dispositive Power
136,480* | |||||
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
136,480* | |||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☒
| |||||
13. | Percent of Class Represented by Amount in Row (11)
0.1%* | |||||
14. | Type of Reporting Person
OO |
* | Represents shares of the Issuers Class A Common Stock, $0.01 par value per share (the Class A Common Stock) and shares of the Issuers Class A Common Stock issuable upon conversion of shares of the Issuers Class B Common Stock, $0.01 par value per share (the Class B Common Stock and, together with the Class A Common Stock, the Common Stock). As provided in the Issuers Amended and Restated Certificate of Incorporation, each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. |
The Reporting Persons (as defined in this Schedule 13D) are party to certain agreements with the Separately Filing Group Members (as defined in this Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act (as defined in this Schedule 13D), comprised of the Reporting Persons and the Separately Filing Group Members. Shares listed as beneficially owned by each Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The shares of Common Stock owned by the Reporting Persons represent 1.4% of the total voting power of the Common Stock as of April 30, 2021. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
EXPLANATORY NOTE: This constitutes Amendment No. 7 (Amendment No. 7) to the Schedule 13D filed by certain of the Reporting Persons identified herein with the SEC on August 26, 2010, as amended by Amendment No. 1 on July 30, 2012, Amendment No. 2 on March 5, 2013, Amendment No. 3 on February 24, 2015, Amendment No. 4 on August 22, 2018, Amendment No. 5 on May 22, 2020 and Amendment No. 6 on June 3, 2020, pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the Act), and Rule 13d-1(a) thereunder (the Schedule 13D). This Amendment No. 7 amends the Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6, as specifically set forth herein. Capitalized terms used in this Amendment No. 7 without being defined herein have the respective meanings given to them in the Schedule 13D.
Schedule A attached to the Schedule 13D is replaced in its entirety by Schedule A attached hereto, and all references to Schedule A in the Schedule 13D shall be to Schedule A attached hereto. Schedule B attached to the Schedule 13D is replaced in its entirety by Schedule B attached hereto, and all references to Schedule B in the Schedule 13D shall be to Schedule B attached hereto.
Item 2. | Identity and Background |
Item 2 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a)-(c) This Schedule 13D is being filed by (collectively, the Reporting Persons):
| 1922 Trust Company LTA, a Texas trust company, not individually, but solely in the capacity as trustee of the trusts listed on Appendix A-1. |
| Lewis M. Linn, a U.S. citizen, not individually, but solely in the capacity as trustee of 1922 Trust, the sole member of 1922 Trust Company LTA. |
| Featherman H Company LP, a Delaware limited partnership. The general partner of Featherman H Company LP is 8-26-22 GP LLC. |
| 8-26-22 GP LLC, a Delaware limited liability company and the general partner of Featherman H Company LP. The sole member of 8-26-22 GP LLC is Texas 8-26-22 Trust 2, one of the trusts listed on Appendix A-1. |
| RKMP H Company LP, a Delaware limited partnership. The general partner of RKMP H Company LP is Julytoon Investments GP LLC. |
| Julytoon Investments GP LLC, a Delaware limited liability company and the general partner of RKMP H Company LP. The members of Julytoon Investments GP LLC are R.A. Family Trust #3-Cindy, R.A. Family Trust #3-Jay, R.A. Family Trust #3-Jon, R.A. Family Trust #3-Nancy and R.A. Family Trust #3-Zachary, five of the trusts listed on Appendix A-1. |
The addresses of the principal business and principal office of the Reporting Persons are as follows:
| For each Reporting Person other than Lewis M. Linn, 3737 Buffalo Speedway, Suite 300, Houston, Texas 77098. |
| For Lewis M. Linn, not individually, but solely in the capacity as trustee of 1922 Trust, 3555 Timmons Lane, Suite 650, Houston, Texas 77027. |
The Reporting Persons are principally engaged in the business of investing the assets of the trusts (directly or through entities owned by such trusts) for the benefit of the beneficiaries of such trusts.
The Reporting Persons have entered into a Joint Filing Agreement, dated as of June 30, 2021, a copy of which is attached as Exhibit 1 to this Amendment No. 7.
The Reporting Persons may be deemed to be members of a group, within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Persons and the other persons referred to on Schedule B attached to this Schedule 13D (the Separately Filing Group Members). The Separately Filing Group Members have filed separate Schedule 13Ds pursuant to Rule 13d-1(k)(2) under the Act. Schedule B attached to this Schedule 13D sets forth certain information concerning the Separately Filing Group Members, which information is based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members.
(d) During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 4. | Purpose of the Transaction |
Item 4 of the Schedule 13D is hereby supplemented by inserting the following at the end of such Item:
On June 29, Featherman H Company LP contributed an aggregate of 93,750 shares of Class A Common Stock to one or more exchange funds in exchange for shares of such exchange fund(s). On December 17, 2020, Daniel F. Pritzker transferred to a charitable fund a total of 12,014 shares of Class A Common Stock. Following this transfer, Daniel F. Pritzker did not hold any Common Stock. On November 10, 2020 Jay Arthur Trust sold in open-market transactions a total of 99,003 shares of Class B Common Stock. On November 6, 2020 and November 9, 2020, Texas 8-26-22 H Company LP sold in open-market transactions a total of 212,316 shares of Class A Common Stock. On November 9, 2020 and November 10, 2020, Texas 8-26-22 H Company LP sold in open-market transactions a total of 260,000 shares of Class B Common Stock. Following these sales, Texas 8-26-22 H Company LP did not hold any Common Stock. On July 6, 2020 through July 13, 2020 TGFJ Trust 1 sold in open-market transactions a total of 168,645 shares of Class B Common Stock. On July 6, 2020 through July 7, 2020, Featherman H Company LP sold in open-market transactions a total of 162,438 shares of Class B Common Stock. The Reporting Persons continue to hold Common Stock for investment purposes.
None of the Reporting Persons has any present plans or proposals which relate to or would result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D except as otherwise discussed in this Item 4. The Reporting Persons may, from time to time, and reserve the right to, change their plans. The Reporting Persons intend to take any and all actions that they deem appropriate to maximize the value of their investment, including continuing to look for appropriate opportunities to dispose of or exchange securities of the Company owned by them, including by means of additional exchange fund contributions, open-market sales or otherwise. The Reporting Persons may also determine to formulate other plans or proposals regarding the Company or its securities to the extent deemed advisable by the Reporting Persons in light of market conditions, subsequent developments affecting the Company, the general business and future prospects of the Company, tax considerations and other factors.
Item 5. | Interest in Securities of the Issuer |
Clauses (a)-(b) of Item 5 of the Schedule 13D are hereby amended and restated in their entirety as follows, and clause (c) of Item 5 of the Schedule 13D is hereby supplemented by inserting the following at the end thereof:
(a)-(b) As of the date hereof, the Reporting Persons in the aggregate may be deemed to be the beneficial owners of 433,681 shares of currently issued Class A Common Stock and 1,406,250 shares of Class A Common Stock issuable upon conversion of 972,569 shares of Class B Common Stock beneficially owned by the Reporting Persons. The number of shares of Class A Common Stock beneficially owned by the Reporting Persons represents 1.1% of the total number of shares of Class A Common Stock outstanding, assuming that no outstanding
shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Class B Common Stock beneficially owned by the Reporting Persons represents 1.6% of the total number of shares of Class B Common Stock outstanding, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Common Stock beneficially owned by the Reporting Persons represents 1.4% of the total number of shares of Common Stock outstanding and 1.6% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The Reporting Persons may be deemed to have shared power with respect to those shares of Common Stock of which they may be deemed to have beneficial ownership by reason of the relationships identified in Item 2.
Schedule A sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by each Reporting Person.
Based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members, as set forth in Schedule B described below, as of the date hereof, the Pritzker Family Group in the aggregate may be deemed to be the beneficial owners of 533,686 shares of currently issued Class A Common Stock and 58,887,209 shares of Class A Common Stock issuable upon conversion of 58,353,523 shares of Class B Common Stock beneficially owned by the Pritzker Family Group. The number of shares of Class A Common Stock beneficially owned by the Pritzker Family Group represents 1.3% of the total number of shares of Class A Common Stock outstanding, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Class B Common Stock beneficially owned by the Pritzker Family Group represents 96.3% of the total number of shares of Class B Common Stock outstanding, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Common Stock beneficially owned by the Pritzker Family Group represents 57.9% of the total number of shares of Common Stock outstanding and 90.2% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock.
Schedule B sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by each Separately Filing Group Member. All such information is based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members.
All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Persons and based on 101,774,374 shares of Common Stock outstanding as of April 30, 2021. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The percentage of total voting power of the Common Stock is calculated based on the total voting power of the Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share.
Each Reporting Person disclaims beneficial ownership of the shares held by any other Reporting Person or any of the Separately Filing Group Members. The filing of this Schedule 13D shall not be construed as an admission that any of the Reporting Persons are, for purposes of Section 13(d) of the Act or otherwise, the beneficial owner of shares held by any other Reporting Person or any of the Separately Filing Group Members.
(c) The information set forth in Item 4 of this Schedule 13D is incorporated herein by reference.
Item 7. | Material to Be Filed as Exhibits |
Exhibit 1 |
Joint Filing Agreement, dated as of June 30, 2021, by and among Texas 8-26-22 Tru st 2, The Featherman Trust, Jay Arthur Trust, R.A. Family Trust #3-Cindy, R.A. Family Trust #3-Jay, R.A. Family Trust #3-Jon, R.A. Family Trust #3-Nancy, R.A. Family Trust #3-Zachary, 1922 Trust, Featherman H Company LP, 8-26-22 GP LLC, RKMP H Company LP and Julytoon Investments GP LLC, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. | |
Exhibit 2 |
Amended and Restated Global Hyatt Agreement, dated as of October 1, 2009, by and among each of the signatories thereto (incorporated by reference to Exhibit 2 to the Schedule 13D filed by Thomas J. Pritzker, Marshall E. Eisenberg and Karl J. Breyer, not individually, but solely as co-trustees of the U.S. Situs Trusts on August 26, 2010). | |
Exhibit 3 |
Hyatt Hotels Corporation Registration Rights Agreement, dated as of October 12, 2009, by and among each of the signatories thereto (incorporated by reference to Exhibit 4.5 to Amendment 3 to the Form S-1 Registration Statement filed by Hyatt Hotels Corporation on October 15, 2009). |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: June 30, 2021
1922 Trust Company LTA, not individually, but solely as trustee of Texas 8-26-22 Trust 2, The Featherman Trust, Jay Arthur Trust, R.A. Family Trust #3-Cindy, R.A. Family Trust #3-Jay, R.A. Family Trust #3-Jon, R.A. Family Trust #3-Nancy and R.A. Family Trust #3-Zachary | ||||
By: | /s/ Whitney D. Neighbors | |||
Name: | Whitney D. Neighbors | |||
Title: | President | |||
Lewis M. Linn, not individually, but solely as trustee of 1922 Trust | ||||
By: | /s/ Lewis M. Linn | |||
Name: | Lewis M. Linn | |||
Title: | Trustee |
[Signature Page to Schedule 13D]
Featherman H Company LP | ||||
By: | 8-26-22 GP LLC, its general partner | |||
By: | /s/ Whitney D. Neighbors | |||
Name: Whitney D. Neighbors | ||||
Title: Manager | ||||
8-26-22 GP LLC | ||||
By: | /s/ Whitney D. Neighbors | |||
Name: Whitney D. Neighbors | ||||
Title: Manager | ||||
RKMP H Company LP | ||||
By: | Julytoon Investments GP LLC, its general partner | |||
By: | /s/ Whitney D. Neighbors | |||
Name: Whitney D. Neighbors | ||||
Title: Manager | ||||
Julytoon Investments GP LLC | ||||
By: | /s/ Whitney D. Neighbors | |||
Name: Whitney D. Neighbors | ||||
Title: Manager |
[Signature Page to Schedule 13D]
Appendix A-1
Texas 8-26-22 Trust 2
The Featherman Trust
Jay Arthur Trust
R.A. Family Trust #3-Cindy
R.A. Family Trust #3-Jay
R.A. Family Trust #3-Jon
R.A. Family Trust #3-Nancy
R.A. Family Trust #3-Zachary
Schedule A
Certain Information Regarding the
Reporting Persons1
Class A Common Stock2 |
Class B Common Stock3 |
% of Total Common Stock4 |
% of Total Voting Power5 |
|||||||||||||||||||||
Name of Beneficial Owner |
Shares | % of Class A |
Shares | % of Class B |
||||||||||||||||||||
1922 Trust Company LTA, not individually, but solely as trustee of the trusts listed on Appendix A-1. |
433,681 | 1.1% | 972,569 | 1.6 | % | 1.4 | % | 1.6 | % | |||||||||||||||
Lewis M. Linn, not individually, but solely as trustee of 1922 Trust |
433,681 | 1.1% | 972,569 | 1.6 | % | 1.4 | % | 1.6 | % | |||||||||||||||
Daniel F. Pritzker |
| | | | | | ||||||||||||||||||
Texas 8-26-22 H Company LP |
| | | | | | ||||||||||||||||||
Featherman H Company LP |
433,681 | 1.1% | 787,562 | 1.3 | % | 1.2 | % | 1.3 | % | |||||||||||||||
8-26-22 GP LLC |
433,681 | 1.1% | 787,562 | 1.3 | % | 1.2 | % | 1.3 | % | |||||||||||||||
RKMP H Company LP |
0 | 0 | 136,480 | * | * | * | ||||||||||||||||||
Julytoon Investments GP LLC |
0 | 0 | 136,480 | * | * | * |
* | Less than 1% |
1 | All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q, filed May 5, 2021. |
2 | The information shown in the table with respect to the percentage of Class A Common Stock beneficially owned is based on 41,150,456 shares of Class A Common Stock outstanding as of April 30, 2021, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. |
3 | The information shown in the table with respect of the percentage of Class B Common Stock beneficially owned is based on 60,623,918 shares of Class B Common Stock outstanding as of April 30, 2021. |
4 | The information shown in the table with respect to the percentage of total Common Stock beneficially owned is based on 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock outstanding as of April 30, 2021. |
5 | With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The percentage of total voting power of the shares of Common Stock is calculated based on the total voting power of the shares of Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. |
Schedule B
Certain Information Regarding the
Separately Filing Group Members1
Class A Common Stock2 |
Class B Common Stock3 |
% of Total Common Stock4 |
% of Total Voting Power5 |
|||||||||||||||||||||
Separately Filing Group Member |
Shares | % of Class A |
Shares | % of Class B |
||||||||||||||||||||
CIBC Trust Company (Bahamas) Limited in its capacity as trustee and Other Reporting Persons6 |
| | 673,350 | 1.1 | % | * | 1.0 | % | ||||||||||||||||
Trustees of the Thomas J. Pritzker Family Trusts and Other Reporting Persons7 |
85,355 | * | 22,520,767 | 37.1 | % | 22.2 | % | 34.8 | % | |||||||||||||||
Trustees of the Nicholas J. Pritzker Family Trusts and Other Reporting Persons8 |
| | 70,000 | * | * | * | ||||||||||||||||||
Trustees of the Jennifer N. Pritzker Family Trusts and Other Reporting Persons9 |
| | 2,420,151 | 4.0 | % | 2.4 | % | 3.7 | % |
1 | All references to the number of shares outstanding are as of April 30, 2021, as reported in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021. |
2 | The information shown in the table with respect to the percentage of Class A Common Stock beneficially owned is based on 41,150,456 shares of Class A Common Stock outstanding as of April 30, 2021, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. |
3 | The information shown in the table with respect of the percentage of Class B Common Stock beneficially owned is based on 60,623,918 shares of Class B Common Stock outstanding as of April 30, 2021, assuming that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. |
4 | The information shown in the table with respect to the percentage of total Common Stock beneficially owned is based on 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock outstanding as of April 30, 2021. |
5 | With respect to matters upon which the Issuers stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. The percentage of total voting power of the shares of Common Stock is calculated based on the total voting power of the shares of Common Stock outstanding as of April 30, 2021, which is comprised of 41,150,456 shares of Class A Common Stock and 60,623,918 shares of Class B Common Stock and assumes that no outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. |
6 | See the Schedule 13D filed on August 26, 2010, as amended, by the CIBC Trust Company (Bahamas) Limited, solely as trustee of the Non-U.S. Situs Trusts listed on Appendix A to the Schedule 13D, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
7 | See the Schedule 13D filed on August 26, 2010, as amended, by Marshall E. Eisenberg, not individually, but solely as trustee of certain trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. Thomas J. Pritzker holds 140,601 stock appreciation rights (SARs) that are currently exercisable at an exercise price of $41.29, 207,381 SARs that are currently exercisable at an exercise price of $43.44, 140,191 SARs that are currently exercisable at an exercise price of $49.39, 180,353 SARs that are currently exercisable at an exercise price of $56.27, 275,103 SARs that are currently exercisable at an exercise price of $47.36, 244,648 SARs that are currently exercisable at an exercise price of $52.65, 159,723 SARs that are currently exercisable at an exercise price of $80.02, 146,112 SARS that are currently exercisable at an exercise price of $71.67 and 140,765 SARs that are currently exercisable at an exercise price of $48.66. The number of shares of Class A Common Stock that Mr. Pritzker will receive upon exercise of such SARs is not currently determinable and therefore not included in the table above because each SAR gives the holder the right to receive a number of shares of Class A Common Stock equal to the excess of the value of one share of Class A Common Stock at the exercise date, which is not determinable until the date of exercise, over the exercise price. |
8 | See the Schedule 13D filed on August 26, 2010, as amended, by Marshall E. Eisenberg, not individually, but solely as trustee of certain trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
9 | See the Schedule 13D filed on August 26, 2010, as amended, by Charles E. Dobrusin and Harry B. Rosenberg, not individually, but solely as co-trustees of certain trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
Trustees of the Linda Pritzker Family Trusts10 |
| | | | | | ||||||||||||||||||
Trustees of the Karen L. Pritzker Family Trusts11 |
| | 5,643,253 | 9.3 | % | 5.5 | % | 8.7 | % | |||||||||||||||
Trustee of the Penny Pritzker Family Trusts and Other Reporting Persons12 |
14,650 | * | 7,215,797 | 11.9 | % | 7.1 | % | 11.1 | % | |||||||||||||||
Trustees of the Daniel F. Pritzker Family Trusts and Other Reporting Persons13 |
433,681 | 1.1 | % | 972,569 | 1.6 | % | 1.4 | % | 1.6 | % | ||||||||||||||
Trustees of the Gigi Pritzker Pucker Family Trusts and Other Reporting Persons14 |
| | 18,837,636 | 31.1 | % | 18.5 | % | 29.1 | % | |||||||||||||||
Pritzker Family Group Totals |
533,686 | 1.3 | % | 58,353,523 | 96.3 | % | 57.9 | % | 90.2 | % |
* | Less than 1% beneficial ownership |
10 | See the Schedule 13D filed on August 26, 2010, as amended, by Lewis M. Linn, not individually, but solely as trustee for the trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
11 | See the Schedule 13D filed on August 26, 2010, as amended, by Walter W. Simmers, Andrew D. Wingate and Lucinda Falk, not individually, but solely as co-trustees for the trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
12 | See the Schedule 13D filed on August 26, 2010, as amended, by John Kevin Poorman, not individually, but solely as trustee of certain trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
13 | See the Schedule 13D filed on August 26, 2010, as amended, by Lewis M. Linn, not individually, but solely as trustee for the trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |
14 | See the Schedule 13D filed on August 26, 2010, as amended, by Gigi Pritzker Pucker and Edward W. Rabin, not individually, but solely as trustees of certain trusts listed on Appendix A-1 to the Schedule 13D, and the other Reporting Persons named therein on, which includes information regarding the filers jurisdiction of organization, principal business, and address of principal office. |