|CUSIP No. 448579102
||Page 9 of 18 Pages|
Amendment No. 11, Amendment No. 12, Amendment No. 13, Amendment No. 14, Amendment No. 15, Amendment No. 16, Amendment No. 17, Amendment No. 18, Amendment
No. 19, Amendment No. 20, Amendment No. 21, Amendment No. 22, Amendment No. 23, Amendment No. 24, Amendment No. 25, Amendment No. 26 and Amendment No. 27, is referred to as the Schedule 13D.
All capitalized terms not otherwise defined herein have the meanings ascribed to them in the Schedule 13D. The Schedule 13D is amended and supplemented by adding the information contained herein. Only those items amended are reported herein.
Item 2. Identity and Background
Item 2 of the
Schedule 13D is amended by deleting the third paragraph thereof and replacing such paragraph with the following:
Maroon Private Trust
Company, LLC, THHC, L.L.C., T11 HHC, LLC, Maroon Trust and Marshall E. Eisenberg are principally engaged in the business of investing the assets of the trusts for the benefit of the beneficiaries of such trusts. Thomas J. Pritzker serves as
executive chairman of the board of directors of the Issuer; is chairman and chief executive officer, manager and president of The Pritzker Organization, L.L.C. (TPO), the principal financial and investment advisor to certain
Pritzker family business interests; is a director and vice president of The Pritzker Foundation, a charitable foundation; is a director and president of the Pritzker Family Philanthropic Fund, a charitable organization; and is chairman, director and
president of The Hyatt Foundation, a charitable foundation which established The Pritzker Architecture Prize. Jason Pritzker is a director of the Issuer; is a manager of, and an investment professional at, TPO; and is a director of TMS International
Corporation, a provider of on-site industrial steel mill services.
Item 3. Source and Amount of Funds or
Item 3 of the Schedule 13D is amended and supplemented as follows:
On February 28, 2020, Maroon Private Trust Company, LLC, as trustee of certain trusts for the benefit of Thomas J. Pritzker and certain
of his lineal descendants, transferred an aggregate of 1,173,433 shares of Class B Common Stock to certain other trusts for the benefit of Thomas J. Pritzker and certain of his lineal descendants, of which Maroon Private Trust Company, LLC also
serves as trustee (the February 2020 Transfer). No consideration was paid in connection with the February 2020 Transfer, and the February 2020 Transfer constitutes a Permitted Transfer as defined in the Issuers
Amended and Restated Certificate of Incorporation and, accordingly, the transferred shares of Class B Common Stock remain shares of Class B Common Stock following the February 2020 Transfer.
On May 8, 2020, Thomas J. Pritzker, individually, exercised 119,707 stock appreciation rights (SARs) at an exercise
price of $40.96 (the 2020 SARs Exercise). At the time of the exercise, the market price of the underlying stock was $53.09 per share, and the SARs were settled in stock through the net issuance of 27,350 shares of Class A