Filed on 2012-01-03 by 1740 Trust #40-Scorpion Nassau SEC CIK 1508286 Form 4
Accession 0001209191-12-000101.txt Sec File: edgar/data/1508286/0001209191-12-000101-index.htm
2012-01-01 1740 Trust 40-Scorpion Nassau (CIK 1508286) through Direct (See Remarks)
Invested in Hyatt Hotels Corp sold 771 shares at $0 remaining shares owned 0
Class B Common Stock Hyatt Hotels Corp H underlying security shares 771 underlying security title Class A Common Stock
f2 on january 1, 2012, the trustee of 1740 trust #40-scorpion nassau transferred to certain lineal descendants of nicholas j. pritzker, deceased, 771 shares of class b common stock in the aggregate beneficially owned by 1740 trust #40-scorpion nassau. no cash consideration was paid in connection with the transfers from 1740 trust #40-scorpion nassau. each of the transfers of shares of class b common stock to the recipients constitutes a "permitted transfer" as defined under the issuer's amended and restated certificate of incorporation.
f1 as provided in the issuer's 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. in addition, each share of class b common stock will convert automatically into one share of class a common stock upon any transfer, whether or not for value, except for certain permitted transfers described in the issuer's amended and restated certificate of incorporation.