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PK Park Hotels and Resorts Inc

16.09
0.14 (0.88%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Park Hotels and Resorts Inc NYSE:PK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.14 0.88% 16.09 16.43 16.005 16.33 1,922,805 01:00:00

Statement of Changes in Beneficial Ownership (4)

12/11/2021 9:27pm

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SADOVE STEPHEN I
2. Issuer Name and Ticker or Trading Symbol

Park Hotels & Resorts Inc. [ PK ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

11/10/2021
(Street)

TYSONS, VA 22102
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock 11/10/2021  G(1)  V 20000 D$0 29760 D  
Common Stock 11/10/2021  G(1)  V 20000 A$0 20000 I By Trust (2)
Common Stock         9687 I 2020 GRAT (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) This transaction involved a gift of 20,000 shares of Park Hotels & Resorts Inc. common stock to the Karin Sadove Revocable Trust UAD September 11, 2008, of which the reporting person's spouse serves as the sole trustee and the reporting person's spouse and children are the beneficiaries.
(2) Karin Sadove Revocable Trust UAD September 11, 2008
(3) Represents 9,687 shares of Park Hotels & Resorts Inc. common stock directly owned by the Stephen I. Sadove 2020 Park Hotels and Resorts GRAT (the "2020 GRAT"), of which the reporting person is the trustee and he and his three children are the beneficiaries.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
SADOVE STEPHEN I
C/O PARK HOTELS & RESORTS INC.
1775 TYSONS BLVD, 7TH FLOOR
TYSONS, VA 22102
X



Signatures
/s/ Nancy Vu, as Attorney-in-Fact11/12/2021
**Signature of Reporting PersonDate

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