0001127602-23-018868.txt : 20230616 0001127602-23-018868.hdr.sgml : 20230616 20230616161848 ACCESSION NUMBER: 0001127602-23-018868 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230616 FILED AS OF DATE: 20230616 DATE AS OF CHANGE: 20230616 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gyurci John CENTRAL INDEX KEY: 0001850688 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40217 FILM NUMBER: 231021408 MAIL ADDRESS: STREET 1: 2005 CARGO ROAD CITY: MINNEAPOLIS STATE: MN ZIP: 55450 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Sun Country Airlines Holdings, Inc. CENTRAL INDEX KEY: 0001743907 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 824092570 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2005 CARGO ROAD CITY: MINNEAPOLIS STATE: MN ZIP: 55450 BUSINESS PHONE: 651-681-3900 MAIL ADDRESS: STREET 1: 2005 CARGO ROAD CITY: MINNEAPOLIS STATE: MN ZIP: 55450 FORMER COMPANY: FORMER CONFORMED NAME: SCA Acquisition Holdings, LLC DATE OF NAME CHANGE: 20180618 4 1 form4.xml PRIMARY DOCUMENT X0407 4 2023-06-16 0001743907 Sun Country Airlines Holdings, Inc. SNCY 0001850688 Gyurci John C/O SUN COUNTRY HOLDINGS, INC. 2005 CARGO RD. MINNEAPOLIS MN 55450 1 Chief Acct. Off. & VP, Finance 0 Employee Stock Option (Right to Buy) 5.30 2023-06-16 4 A 0 2776 0 A 2023-06-16 2028-11-21 Common Stock 2776 93333 D On November 21, 2018, the reporting person was granted an option to purchase 99,135 shares of common stock. Upon a change in control, the option vests 33% if the Company's private equity investors achieve a MOIC of at least 3.0x, and 100% if the Company's private equity investors achieve a MOIC of at least 5.0x, with vesting with respect to achievement in between 3.0x and 5.0x subject to linear interpolation. If a change in control has not occurred by certain measurement dates following the Company's initial public offering, the unvested portion of the option may be eligible to vest based on achievement of certain performance criteria. On June 16, 2023, a change in control occurred, and the performance criteria for the fourth installment were met, resulting in vesting of the option as to 2,776 shares on June 16, 2023. /s/ Rose Neale, as attorney-in-fact for John Gyurci 2023-06-16