hyatt hotels corporationd18rn0p25nwr6d.cloudfront.net/cik-0001468174/681c6aae-7005-45… ·...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 17, 2016 HYATT HOTELS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-34521 20-1480589 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 71 South Wacker Drive, 12th Floor Chicago, IL 60606 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (312) 750-1234 Former name or former address, if changed since last report: Not Applicable Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Page 1: HYATT HOTELS CORPORATIONd18rn0p25nwr6d.cloudfront.net/CIK-0001468174/681c6aae-7005-45… · Certificate of Retirement of 1,881,636 Shares of Class B Common Stock 99.1 Purchase and

UNITED STATESSECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 17, 2016

HYATT HOTELS CORPORATION(Exact name of registrant as specified in its charter)

Delaware 001-34521 20-1480589

(State or other jurisdictionof incorporation)

(CommissionFile Number)

(IRS EmployerIdentification No.)

71 South Wacker Drive, 12th Floor

Chicago, IL 60606(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (312) 750-1234

Former name or former address, if changed since last report: Not Applicable

ChecktheappropriateboxbelowiftheForm8-Kfilingisintendedtosimultaneouslysatisfythefilingobligationoftheregistrantunderanyofthefollowingprovisions:

¨ WrittencommunicationspursuanttoRule425undertheSecuritiesAct(17CFR230.425)

¨ SolicitingmaterialpursuanttoRule14a-12undertheExchangeAct(17CFR240.14a-12)

¨ Pre-commencementcommunicationspursuanttoRule14d-2(b)undertheExchangeAct(17CFR240.14d-2(b))

¨ Pre-commencementcommunicationspursuanttoRule13e-4(c)undertheExchangeAct(17CFR240.13e-4(c))

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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

OnAugust22,2016,HyattHotelsCorporation(the“Company”)filedaCertificateofRetirementwiththeSecretaryofStateoftheStateofDelawaretoretire1,881,636sharesofClassBCommonStock,parvalue$0.01pershare,oftheCompany(the“ClassBCommonStock”).All1,881,636sharesofClassBCommonStockwereconvertedintosharesofClassACommonStock,parvalue$0.01pershare,oftheCompany(the“ClassACommonStock”)inconnectionwiththerepurchasebytheCompanyof1,881,636sharesofClassBCommonStockfromcertainsellingstockholdersasdescribedbelow.TheCompany’sAmendedandRestatedCertificateofIncorporationrequiresthatanysharesofClassBCommonStockthatareconvertedintosharesofClassACommonStockberetiredandmaynotbereissued.TheCompanyhasalsoretiredall1,881,636sharesofClassACommonStockintowhichtheClassBCommonStockconverted,andsuchsharesofClassACommonStockhaveresumedthestatusofauthorizedbutunissuedshares.

Effectiveuponfiling,theCertificateofRetirementamendedtheAmendedandRestatedCertificateofIncorporationoftheCompanytoreducethetotalnumberofauthorizedsharesofcapitalstockoftheCompanyby1,881,636shares.ThetotalnumberofauthorizedsharesoftheCompanyisnow1,451,623,374shares,consistingof1,000,000,000sharesdesignatedClassACommonStock,439,741,738sharesdesignatedClassBCommonStock,and10,000,000sharesdesignatedPreferredStock,$0.01parvaluepershare.AcopyoftheCertificateofRetirementisattachedasExhibit3.1hereto.

Item 8.01 Other Events

OnAugust17,2016,theCompanyenteredintoaPurchaseandSaleAgreement(each,a“PurchaseandSaleAgreement”)witheachof(i)AlpinePTCompany,solelyinitscapacityastrusteeofCocoTrust,atrustforthebenefitofAnthonyN.Pritzker,and(ii)PosterityPTCompany,solelyinitscapacityastrusteeofPGAlmaTrust,atrustforthebenefitofJayRobertPritzker,pursuanttowhichtheCompanyagreedtopurchaseanaggregateof1,881,636sharesofClassBCommonStockatapriceof$53.1452pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassACommonStockforthethree(3)trading-dayperiodendingAugust16,2016asreportedbyBloomberg,foranaggregatepurchasepriceof$99,999,921.54.TheclosingsofsuchrepurchasetransactionsoccurredonAugust19,2016.ThesharesofClassBCommonStockrepurchasedrepresentedapproximately1.4%oftheCompany’stotalsharesofcommonstockoutstandingpriortotherepurchase.

Uponrepurchase,the1,881,636sharesofClassBCommonStockautomaticallyconvertedinto1,881,636sharesofClassAcommonstock.All1,881,636sharesofClassBCommonStockconvertedintherepurchasehavebeenretiredinaccordancewiththeCompany’sCertificateofIncorporation,andthenumberofauthorizedsharesofClassBCommonStockhasbeenreducedby1,881,636.All1,881,636sharesofClassACommonStockintowhichthesharesofClassBCommonStockconvertedwerealsoretired,andresumedthestatusofauthorizedbutunissuedshares.Aftertherepurchasethereare107,747,326sharesofClassBCommonStockoutstandingand23,117,411sharesofClassACommonStockoutstanding.ThesharesrepurchasedwererepurchasedundertheCompany’spreviouslyannouncedrepurchaseprogram.Followingthisrepurchase,theCompanyhasapproximately$113millionremainingunderitsrepurchaseauthorization.

TheforegoingdescriptionofthePurchaseandSaleAgreementsisqualifiedinitsentiretybyreferencetothetextofthePurchaseandSaleAgreements,copiesofwhichareattachedheretoasExhibits99.1and99.2andincorporatedhereinbyreference.

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Item 9.01 Financial Statements and ExhibitsExhibitNumber Exhibit Description

3.1 CertificateofRetirementof1,881,636SharesofClassBCommonStock.

99.1

PurchaseandSaleAgreement,datedasofAugust17,2016,betweenHyattHotelsCorporationandAlpinePTCompany,solelyinitscapacityastrusteeofCocoTrust,atrustforthebenefitofAnthonyN.Pritzker.

99.2

PurchaseandSaleAgreement,datedasofAugust17,2016,betweenHyattHotelsCorporationandPosterityPTCompany,solelyinitscapacityastrusteeofPGAlmaTrust,atrustforthebenefitofJayRobertPritzker.

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SIGNATURES

PursuanttotherequirementsoftheSecuritiesExchangeActof1934,theregistranthasdulycausedthisreporttobesignedonitsbehalfbytheundersignedhereuntodulyauthorized.

Hyatt Hotels Corporation

Date:August22,2016 By:/s/RenaHozoreReiss Name:RenaHozoreReiss Title:ExecutiveVicePresident,GeneralCounselandSecretary

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INDEX TO EXHIBITSExhibitNumber Exhibit Description

3.1 CertificateofRetirementof1,881,636SharesofClassBCommonStock

99.1

PurchaseandSaleAgreement,datedasofAugust17,2016,betweenHyattHotelsCorporationandAlpinePTCompany,solelyinitscapacityastrusteeofCocoTrust,atrustforthebenefitofAnthonyN.Pritzker.

99.2

PurchaseandSaleAgreement,datedasofAugust17,2016,betweenHyattHotelsCorporationandPosterityPTCompany,solelyinitscapacityastrusteeofPGAlmaTrust,atrustforthebenefitofJayRobertPritzker.

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Exhibit 3.1

CERTIFICATE OF RETIREMENTOF

1,881,636 SHARES OF CLASS B COMMON STOCKOF

HYATT HOTELS CORPORATION

PursuanttoSection243(b)oftheGeneralCorporationLaw

oftheStateofDelaware

HyattHotelsCorporation,acorporationorganizedandexistingunderthelawsoftheStateofDelaware(the“Corporation”),HEREBYCERTIFIESasfollows:

1.1,881,636outstandingsharesofClassBCommonStock,parvalue$0.01pershare(“ClassBCommonStock”),oftheCorporationhavebeenconvertedinto1,881,636sharesofClassACommonStock,parvalue$0.01pershare(“ClassACommonStock”),oftheCorporation.

2.TheAmendedandRestatedCertificateofIncorporationoftheCorporationfiledwiththeSecretaryofStateoftheStateofDelawareonNovember4,2009,asamended,providesthatanysharesofClassBCommonStockwhichareconvertedintosharesofClassACommonStockshallberetiredandmaynotbereissuedbytheCorporation.

3.TheBoardofDirectorsoftheCorporationhasadoptedresolutionsretiringthe1,881,636sharesofClassBCommonStockthatconvertedinto1,881,636sharesofClassACommonStock.

4.Accordingly,pursuanttotheprovisionsofSection243(b)oftheGeneralCorporationLawoftheStateofDelaware,uponthefilingofthisCertificateofRetirementtheCertificateofIncorporationoftheCorporationshallbeamendedsoastoreducethetotalauthorizednumberofsharesofthecapitalstockoftheCorporationby1,881,636shares,suchthatthetotalnumberofauthorizedsharesoftheCorporationshallbe1,449,741,738,suchsharesconsistingof1,000,000,000sharesdesignatedClassACommonStock,439,741,738sharesdesignatedClassBCommonStock,and10,000,000sharesdesignatedPreferredStock,parvalue$0.01pershare.

Signaturepagefollows.

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INWITNESSWHEREOF,theCorporationhascausedthisCertificateofRetirementtobesignedbyitsdulyauthorizedofficer,this22nddayofAugust,2016.

HYATT HOTELS CORPORATION

By:/s/RenaHozoreReissName:RenaHozoreReiss

Title:ExecutiveVicePresident,GeneralCounselandSecretary

-2-

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Exhibit 99.1

PURCHASE AND SALE AGREEMENT

ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenAlpinePTCompany,initscapacityastrustee(the“SellingTrustee”)ofCocoTrust(the“Trust”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofAugust17,2016.EachoftheSellingTrusteeandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheTrustownsanaggregateof940,818shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;and

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheTrustdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$53.1452,subjecttothetermsandprovisionsofthisAgreement.

Agreement

NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementscontainedhereinandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:

1.PurchaseandSale.TheSellingTrusteeinitscapacityastrusteeoftheTrustagreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below).ThepurchasepricefortheSubjectSharesshallbe$53.1452pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingAugust16,2016asreportedbyBloomberg,resultinginatotalPurchasePriceof$49,999,960.77duetotheSellingTrusteeinitscapacityastrusteeoftheTrustfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.

2.Closing.TheclosingofthetransactionscontemplatedbythisAgreement(the“Closing”)shalltakeplaceattheofficesofLatham&WatkinsLLP,330NorthWabashAvenue,Suite2800,Chicago,Illinois60611,onAugust19,2016,oronsuchotherdateasthePartiesmaymutuallydetermine(the“ClosingDate”).

3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellingTrusteeinitscapacityastrusteeoftheTrustbywiretransferofimmediatelyavailablefundstotheaccountdesignatedinwritingbytheSellingTrustee.

4.ClosingDeliveriesbySellingTrustee.AttheClosing,theSellingTrusteeshalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithtransfersandassignmentsseparatefromcertificatewithrespecttotheSubject

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SharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyandCertificatesofFiduciaryAuthority,including,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSellingTrustee.TheSellingTrusteerepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power;Legal,ValidandBindingObligations.AlpinePTCompanyisdulyorganizedandvalidlyexisting.TheSellingTrusteehasallnecessarypowerandcapacityunderthetrustinstrumentoftheTrusttoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSellingTrustee.ThisAgreementandtheAncillaryDocumentstowhichtheSellingTrusteeisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellingTrusteeand,upondeliverythereofbytheSellingTrustee,willconstitutethelegal,validandbindingobligationsoftheSellingTrustee,enforceableagainsttheSellingTrusteeinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellingTrusteeisapartyorbywhichtheassetsorpropertyoftheTrustisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellingTrusteeissubjectorbywhichtheassetsorpropertyoftheTrustisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)TitletoShares;LiensandEncumbrances.TheSellingTrusteeistheowneroftheSubjectSharesinitscapacityastrusteeoftheTrustandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodtitlethereto,freeandclearofanyandallLiens.

(e)Broker’sFees.TheSellingTrusteehasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

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(f)IndependentDecisiontoSell;Etc.TheSellingTrusteehasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthatithasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellingTrusteeunderstandsthedisadvantagetowhichitmaybesubjectonaccountofthedisparityofinformationbetweenitandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellingTrusteeregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSellingTrusteeiscapable,byreasonofitsbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectingitsowninterestinconnectionwiththesaleoftheSubjectShares,andtheSellingTrusteeacknowledgesthatithashadtheopportunitytodiscusstheinformationavailabletoitrelatingtothesaleoftheSubjectShareswithsuchadvisorsasithasdeemedappropriate.TheSellingTrusteeacknowledgesthatthePurchaserhasnotgivenitanyinvestmentadviceorrenderedanyopiniontoitastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,itisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellingTrusteethatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellingTrusteeisrelyingoneachsuchstatement.

(a)Power;Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichthePurchaserisapartyorbywhichitoritsassetsorpropertyisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichthePurchaserissubjectorbywhichitoritsassetsorpropertyisbound.

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(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)LegalMatters.Thereisnoaction,suitorproceedingbyorbeforeanycourtorgovernmentalorotherregulatoryoradministrativeagencyorcommissionpending,or,tothebestofthePurchaser’sknowledge,threatenedagainstorinvolvingthePurchaserwhichchallengesthevalidityofthisAgreementoranyactiontakenortobetakenbythePurchaserpursuanttothisAgreementorinconnectionwiththetransactionscontemplatedhereby.ThePurchaserisnotsubjecttoanyjudgment,orderordecreeenteredintoinanylawsuitorproceedingwhichwillhaveanadverseeffectonthetransactionscontemplatedhereby.

(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellingTrusteecouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedany informationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSellingTrustee,andfurtheracknowledgesthattheSellingTrusteehasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.

(a)SurvivalofRepresentationsandWarrantiesHerein.Allrepresentations,warrantiesandcovenantssetforthhereinshallsurvivetheClosingDate.

(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachpartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbyanyotherpartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythepartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)sevendaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)twodaysafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachpartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherpartyinaccordancewiththisParagraph(d).

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(e)Severability.IfanytermorprovisionofthisAgreement,ortheapplicationthereoftoanyperson,entityorcircumstance,shall,toanyextent,bedeterminedtobecontrarytolawandunenforceablebyanycourtoflaw,theremainingtermsandprovisionsofthisAgreement,andtheapplicationthereoftootherpersons,entitiesandcircumstances,shallnotbeinvalidatedthereby,andeachtermandprovisionhereofshallbeconstruedwithallotherremainingtermsandprovisionshereoftoeffecttheintentofthepartiestothefullestextentofthelaw.

(f)NoThirdPartyBeneficiaries.ThisAgreementshallnotconferanyrightsorremediesuponanypersonotherthanthepartiesheretoandtheirrespectivesuccessorsandpermittedassigns.

(g)GoverningLaw.ThisAgreementshallbegovernedbyandconstruedinaccordancewiththedomesticlawsoftheStateofDelawarewithoutgivingeffecttoanychoiceorconflictoflawprovisionorrule(whetheroftheStateofDelawareoranyotherjurisdiction)thatwouldcausetheapplicationofthelawsofanyjurisdictionotherthantheStateofDelaware.

(h)EntireAgreement.ThisAgreement,includingtheotherwritingsreferredtohereinordeliveredpursuanthereto,constitutestheentireagreementbetweenthePartiesheretowithrespecttothesubjectmatterhereof.

(i)BindingEffect.ThisAgreementandalltheprovisionshereofshallbebindinguponandinuretothebenefitofthePartiesandtheirrespectivesuccessorsandpermittedassigns.

(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherpartiesheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartiesisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoareawareofitsconfidentialnature.

(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSellingTrustee,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.

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(m)Costs.Allcostsinconnectionwiththenegotiation,preparation,executionandperformanceofthisAgreement,andanydocumentsreferredtoinit,willbebornebythePartythatincurredthecosts.

(n)TrusteeExculpation. WhenthisAgreementisexecutedbythetrusteeofanytrust,suchexecutionisbythetrustee,notindividuallybutsolelyastrusteeintheexerciseofandunderthepowerandauthorityconferreduponandinvestedinsuchtrustee,anditisexpresslyunderstoodandagreedthatnothinghereincontainedshallbeconstruedascreatinganyliabilityonanysuchtrusteepersonallytopayanyamountsrequiredtobepaidhereunderortoperformanycovenant,eitherexpressorimplied,containedherein,allsuchliability,ifany,beingexpresslywaivedbythepartiesheretobytheirexecutionhereof.AnyliabilityofanypartywhichisatrustunderthisAgreementshallbeonlythatofsuchtrusttothefullextentofitstrustestateandshallnotbeapersonalliabilityofanytrustee,grantororbeneficiarythereof.

Signaturepagefollows.

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INWITNESSWHEREOF,eachofthePartiesheretohasdulyexecutedthisAgreementasofthedatefirstabovewritten.

SELLING TRUSTEE:

ALPINEPTCOMPANY,notindividually,butsolelyinitscapacityastrusteeofCocoTrust

By: /s/LewisM.LinnName:LewisM.LinnTitle:President

Address:AlpinePTCompany100W.LibertyStreetFloor10Reno,NV89501FacsimileNo.:775-329-0783

[SignaturePagetoPurchaseandSaleAgreement(ANP)]

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PURCHASER:

HYATTHOTELSCORPORATION,aDelawarecorporation

By: /s/RenaHozoreReissName:RenaHozoreReiss

Title:ExecutiveVicePresident,GeneralCounselandSecretary

Address:71S.WackerDrive,12thFloorChicago,Illinois60606FacsimileNo.:(312)780-5282

[SignaturePagetoPurchaseandSaleAgreement(ANP)]

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Exhibit 99.2

PURCHASE AND SALE AGREEMENT

ThisPurchaseandSaleAgreement(this“Agreement”)isenteredintobyandbetweenPosterityPTCompany,initscapacityastrustee(the“SellingTrustee”)ofPGAlmaTrust(the“Trust”),andHyattHotelsCorporation,aDelawarecorporation(the“Purchaser”orthe“Company”),asofAugust17,2016.EachoftheSellingTrusteeandthePurchaserissometimesreferredtohereinasa“Party”andcollectivelyasthe“Parties”tothisAgreement.

Recitals

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheTrustownsanaggregateof940,818shares(the“SubjectShares”)oftheClassBCommonStock,parvalue$0.01pershare,oftheCompany;and

WHEREAS,theSellingTrusteeinitscapacityastrusteeoftheTrustdesirestosellandthePurchaserdesirestopurchasetheSubjectSharesforapricepershareof$53.1452,subjecttothetermsandprovisionsofthisAgreement.

Agreement

NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementscontainedhereinandothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thePartiesherebyagreeasfollows:

1.PurchaseandSale.TheSellingTrusteeinitscapacityastrusteeoftheTrustagreestoselltheSubjectSharestothePurchaser,andthePurchaseragreestopurchasetheSubjectSharesontheClosingDate(asdefinedinSection2below).ThepurchasepricefortheSubjectSharesshallbe$53.1452pershare,whichrepresentstheVolumeWeightedAveragePricefortheClassAcommonstock,parvalue$0.01pershare,oftheCompanyforthethree(3)trading-dayperiodendingAugust16,2016asreportedbyBloomberg,resultinginatotalPurchasePriceof$49,999,960.77duetotheSellingTrusteeinitscapacityastrusteeoftheTrustfromthePurchaser(the“PurchasePrice”),andwhichshallbepayableincashattheclosingofsuchsaleinaccordancewiththeprovisionsofSection3hereof.

2.Closing.TheclosingofthetransactionscontemplatedbythisAgreement(the“Closing”)shalltakeplaceattheofficesofLatham&WatkinsLLP,330NorthWabashAvenue,Suite2800,Chicago,Illinois60611,onAugust19,2016,oronsuchotherdateasthePartiesmaymutuallydetermine(the“ClosingDate”).

3.ClosingDeliveriesofthePurchaser.AttheClosing,thePurchasershalldeliverthePurchasePricetotheSellingTrusteeinitscapacityastrusteeoftheTrustbywiretransferofimmediatelyavailablefundstotheaccountdesignatedinwritingbytheSellingTrustee.

4.ClosingDeliveriesbySellingTrustee.AttheClosing,theSellingTrusteeshalldeliver,orcausetobedelivered,tothePurchaser,certificatesrepresentingtheSubjectSharestogetherwithtransfersandassignmentsseparatefromcertificatewithrespecttotheSubject

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SharessufficienttotransfertitletotheSubjectSharestothePurchaseronthebooksoftheCompanyandCertificatesofFiduciaryAuthority,including,asnecessary,MedallionGuarantees.

5.RepresentationsandWarrantiesoftheSellingTrustee.TheSellingTrusteerepresentsandwarrantstothePurchaserthatthestatementscontainedinthisSection5aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthatthePurchaserisrelyingoneachstatement.

(a)Power;Legal,ValidandBindingObligations.PosterityPTCompanyisdulyorganizedandvalidlyexisting.TheSellingTrusteehasallnecessarypowerandcapacityunderthetrustinstrumentoftheTrusttoexecuteanddeliverthisAgreementandeachoftheotheragreementsandinstrumentscontemplatedhereby(collectively,the“AncillaryDocuments”)andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartoftheSellingTrustee.ThisAgreementandtheAncillaryDocumentstowhichtheSellingTrusteeisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbytheSellingTrusteeand,upondeliverythereofbytheSellingTrustee,willconstitutethelegal,validandbindingobligationsoftheSellingTrustee,enforceableagainsttheSellingTrusteeinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichtheSellingTrusteeisapartyorbywhichtheassetsorpropertyoftheTrustisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichtheSellingTrusteeissubjectorbywhichtheassetsorpropertyoftheTrustisbound.

(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebytheSellingTrusteeofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)TitletoShares;LiensandEncumbrances.TheSellingTrusteeistheowneroftheSubjectSharesinitscapacityastrusteeoftheTrustandholdssuchSubjectSharesfreeandclearofallliens,pledges,options,claims,encumbrancesandothersecurityarrangementsorrestrictionsofanykindotherthanrestrictionsunderthatcertainAmended&RestatedGlobalHyattAgreementdatedOctober1,2009andundertheCompany’sAmendedandRestatedCertificateofIncorporation(collectively,“Liens”),andupondeliveryofsuchSubjectSharestothePurchaserpursuanttothetermsofthisAgreement,thePurchaserwillreceivegoodtitlethereto,freeandclearofanyandallLiens.

(e)Broker’sFees.TheSellingTrusteehasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finderoragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichthePurchasercouldbecomeliableorotherwiseobligated.

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(f)IndependentDecisiontoSell;Etc.TheSellingTrusteehasmadeanindependentdecisiontoselltheSubjectSharestothePurchaserandhasdeterminedthatithasadequateinformationconcerningthebusinessandfinancialconditionoftheCompanyinconnectionwithitsdecisiontoselltheSubjectShares.TheSellingTrusteeunderstandsthedisadvantagetowhichitmaybesubjectonaccountofthedisparityofinformationbetweenitandthePurchaser,andfurtheracknowledgesthattheCompanyanditsaffiliatesmaypossessmaterial,non-publicinformationnotknowntotheSellingTrusteeregardingorrelatingtotheCompany,itsaffiliatesortheSubjectShares.TheSellingTrusteeiscapable,byreasonofitsbusinessorfinancialknowledgeandexperience,ofevaluatingthemeritsandrisksofthesaleoftheSubjectSharesandofprotectingitsowninterestinconnectionwiththesaleoftheSubjectShares,andtheSellingTrusteeacknowledgesthatithashadtheopportunitytodiscusstheinformationavailabletoitrelatingtothesaleoftheSubjectShareswithsuchadvisorsasithasdeemedappropriate.TheSellingTrusteeacknowledgesthatthePurchaserhasnotgivenitanyinvestmentadviceorrenderedanyopiniontoitastowhetherthesaleoftheSubjectSharesisprudentorsuitable,and,exceptasexpresslyprovidedinSection6ofthisAgreement,itisnotrelyingonanyrepresentationorwarrantymadebythePurchaserinconnectionwithitsdecisiontoselltheSubjectSharestothePurchaser.

6.RepresentationsandWarrantiesofthePurchaser.ThePurchaserrepresentsandwarrantstotheSellingTrusteethatthestatementscontainedinthisSection6aretrueandcorrectasofthedateofthisAgreementandshallbetrueandcorrectasoftheClosingDate,itbeingagreedthattheSellingTrusteeisrelyingoneachsuchstatement.

(a)Power;Legal,ValidandBindingObligations.ThePurchaserisadulyincorporatedandvalidlyexistingcorporationorganizedunderthelawsoftheStateofDelaware.ThePurchaserhasallnecessarypowerandcapacitytoexecuteanddeliverthisAgreementandtheAncillaryDocuments,andtoperform,observeandcomplywithallofitsagreementsandobligationshereunderandthereunderandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,deliveryandperformanceofthisAgreementandtheAncillaryDocumentshavebeendulyandvalidlyauthorizedbyallnecessaryactiononthepartofthePurchaser.ThisAgreementandeachoftheAncillaryDocumentstowhichitisorwillbeapartyhavebeenorwillbedulyandvalidlyexecutedbythePurchaserand,upondeliverythereofbythePurchaser,willconstitutethelegal,validandbindingobligationsofthePurchaser,enforceableagainstitinaccordancewiththeirterms.

(b)NoConflict.Noneoftheexecution,deliveryorperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisapartywill(withorwithoutthegivingofnotice,thelapseoftimeorboth)conflictwith,resultinabreachorviolationoforconstituteadefaultunder(a)anycontract,agreementorotherinstrumenttowhichthePurchaserisapartyorbywhichitoritsassetsorpropertyisboundor(b)anylaw,statute,rule,regulation,ordinance,writ,orderorjudgmenttowhichthePurchaserissubjectorbywhichitoritsassetsorpropertyisbound.

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(c)Consents.Noapproval,consent,waiverorfilingoforwithanythirdparty,including,butnotlimitedto,anygovernmentalbodies,agenciesorinstrumentalities,isrequiredfortheexecution,deliveryandperformancebythePurchaserofthisAgreementoranyAncillaryDocumenttowhichitisorwillbeapartyotherthansuchapprovals,consents,waiversorfilingspreviouslyobtainedormade.

(d)LegalMatters.Thereisnoaction,suitorproceedingbyorbeforeanycourtorgovernmentalorotherregulatoryoradministrativeagencyorcommissionpending,or,tothebestofthePurchaser’sknowledge,threatenedagainstorinvolvingthePurchaserwhichchallengesthevalidityofthisAgreementoranyactiontakenortobetakenbythePurchaserpursuanttothisAgreementorinconnectionwiththetransactionscontemplatedhereby.ThePurchaserisnotsubjecttoanyjudgment,orderordecreeenteredintoinanylawsuitorproceedingwhichwillhaveanadverseeffectonthetransactionscontemplatedhereby.

(e)Broker’sFees.ThePurchaserhasnoliabilityorobligationtopayanyfeesorcommissionstoanybroker,finder,oragentwithrespecttothetransactionscontemplatedbythisAgreementforwhichtheSellingTrusteecouldbecomeliableorotherwiseobligated.

(f)Non-PublicInformation.Purchaseracknowledgesthatithasnotprovidedany informationthatcurrentlyconstitutesmaterial,non-publicinformationrelatingtotheCompanytotheSellingTrustee,andfurtheracknowledgesthattheSellingTrusteehasnotrequestedanysuchinformationfromtheCompany.ThePurchaserrepresentsthatitspurchaseoftheSubjectSharesisbeingmadeduringan“openwindow”periodundertheHyattHotelsCorporationInsiderTradingComplianceProgram.

7.Miscellaneous.

(a)SurvivalofRepresentationsandWarrantiesHerein.Allrepresentations,warrantiesandcovenantssetforthhereinshallsurvivetheClosingDate.

(b)AdditionalDocuments.FromtimetotimeafterexecutionofthisAgreement,eachpartyheretoshall,withoutadditionalconsideration,executeanddeliversuchfurtheragreementsandinstrumentsandtakesuchotheractionasmaybereasonablyrequestedbyanyotherpartyheretoinordertocarryoutthepurposesofthisAgreement.

(c)AmendmentandWaiver.ThisAgreementcannotbeamended,supplementedormodified,norcananyprovisionhereofbewaived,exceptbyawritteninstrumentsignedbythepartyagainstwhomenforcementofsuchamendment,supplement,modificationorwaiverissought.

(d)Notices.Anynoticeorothercommunicationrequiredorpermittedtobegivenhereundershallbeinwritingandshallbedeemedtohavebeenproperlygiven(a)whendeliveredbyhand;(b)whensentbyfacsimileoremail(withacknowledgmentofcompletetransmission);(c)sevendaysafterbeingsentbycertifiedmail,returnreceiptrequestedor(d)twodaysafterdepositwithanationally-recognizedovernightdeliveryservice,ineachcasetotheaddressesorfacsimilenumberssetforthonthesignaturepagehereof.EachpartyheretoshallbeentitledtospecifyadifferentaddressorfacsimilenumberforthereceiptofsubsequentnoticesorothercommunicationsbygivingwrittennoticethereoftotheotherpartyinaccordancewiththisParagraph(d).

4

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(e)Severability.IfanytermorprovisionofthisAgreement,ortheapplicationthereoftoanyperson,entityorcircumstance,shall,toanyextent,bedeterminedtobecontrarytolawandunenforceablebyanycourtoflaw,theremainingtermsandprovisionsofthisAgreement,andtheapplicationthereoftootherpersons,entitiesandcircumstances,shallnotbeinvalidatedthereby,andeachtermandprovisionhereofshallbeconstruedwithallotherremainingtermsandprovisionshereoftoeffecttheintentofthepartiestothefullestextentofthelaw.

(f)NoThirdPartyBeneficiaries.ThisAgreementshallnotconferanyrightsorremediesuponanypersonotherthanthepartiesheretoandtheirrespectivesuccessorsandpermittedassigns.

(g)GoverningLaw.ThisAgreementshallbegovernedbyandconstruedinaccordancewiththedomesticlawsoftheStateofDelawarewithoutgivingeffecttoanychoiceorconflictoflawprovisionorrule(whetheroftheStateofDelawareoranyotherjurisdiction)thatwouldcausetheapplicationofthelawsofanyjurisdictionotherthantheStateofDelaware.

(h)EntireAgreement.ThisAgreement,includingtheotherwritingsreferredtohereinordeliveredpursuanthereto,constitutestheentireagreementbetweenthePartiesheretowithrespecttothesubjectmatterhereof.

(i)BindingEffect.ThisAgreementandalltheprovisionshereofshallbebindinguponandinuretothebenefitofthePartiesandtheirrespectivesuccessorsandpermittedassigns.

(j)Counterparts.ThisAgreementmaybeexecutedinanynumberofseparatecounterparts,eachofwhich,whensoexecuted,shallbedeemedanoriginal,andallofsaidcounterpartstakentogethershallbedeemedtoconstitutebutoneandthesameinstrumentand,anysignedcounterpartshallbedeemeddeliveredbythePartysigningitifsenttotheotherpartiesheretobyfacsimiletransmissionorelectronictransmissionandshallbeaseffectiveasoriginalinksignaturesforthepurposesoftheexecutionanddeliveryofthisAgreement.

(k)Confidentiality.UnlessthepriorwrittenconsentoftheotherPartiesisobtained,thesaleandpurchaseoftheSubjectSharesandallprovisionsofthisAgreementshallbeandremainconfidentialtotheParties,excepttotheextentthatsuchinformationisinthepublicdomainordisclosureisrequiredbylaworbyanyregulatorybodywhetherpublicornot.Fortheavoidanceofdoubt,thePartiesshallbepermittedtodisclosethetermsofthisAgreementtotheirprofessionalorfinancialadvisorswhoareawareofitsconfidentialnature.

(l)Assignment.ThePurchasermaynot,withoutthepriorwrittenconsentoftheSellingTrustee,assign,grantanysecurityinterestover,holdontrustorotherwisetransferthebenefitofthewholeoranypartofthisAgreement.

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(m)Costs.Allcostsinconnectionwiththenegotiation,preparation,executionandperformanceofthisAgreement,andanydocumentsreferredtoinit,willbebornebythePartythatincurredthecosts.

(n)TrusteeExculpation. WhenthisAgreementisexecutedbythetrusteeofanytrust,suchexecutionisbythetrustee,notindividuallybutsolelyastrusteeintheexerciseofandunderthepowerandauthorityconferreduponandinvestedinsuchtrustee,anditisexpresslyunderstoodandagreedthatnothinghereincontainedshallbeconstruedascreatinganyliabilityonanysuchtrusteepersonallytopayanyamountsrequiredtobepaidhereunderortoperformanycovenant,eitherexpressorimplied,containedherein,allsuchliability,ifany,beingexpresslywaivedbythepartiesheretobytheirexecutionhereof.AnyliabilityofanypartywhichisatrustunderthisAgreementshallbeonlythatofsuchtrusttothefullextentofitstrustestateandshallnotbeapersonalliabilityofanytrustee,grantororbeneficiarythereof.

Signaturepagefollows.

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INWITNESSWHEREOF,eachofthePartiesheretohasdulyexecutedthisAgreementasofthedatefirstabovewritten.

SELLING TRUSTEE:

POSTERITYPTCOMPANY,notindividually,butsolelyinitscapacityastrusteeofPGAlmaTrust

By: /s/JayRobertPritzkerName:JayRobertPritzkerTitle:President

Address:PosterityPTCompany100W.LibertyStreetFloor10Reno,NV89501FacsimileNo.:775-329-0783

[SignaturePagetoPurchaseandSaleAgreement(JRP)]

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PURCHASER:

HYATTHOTELSCORPORATION,aDelawarecorporation

By: /s/RenaHozoreReissName:RenaHozoreReiss

Title:ExecutiveVicePresident,GeneralCounselandSecretary

Address:71S.WackerDrive,12thFloorChicago,Illinois60606FacsimileNo.:(312)780-5282

[SignaturePagetoPurchaseandSaleAgreement(JRP)]