SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Stein Bradley H

(Last) (First) (Middle)
ROYAL CARIBBEAN CRUISES LTD.
1050 CARIBBEAN WAY

(Street)
MIAMI FL 33132

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/07/2011
3. Issuer Name and Ticker or Trading Symbol
ROYAL CARIBBEAN CRUISES LTD [ RCL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, GC & Chief Compliance Off
5. If Amendment, Date of Original Filed (Month/Day/Year)
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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 19,573(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Purchase Common Stock(2) (3) 03/17/2014 Common Stock 2,632 40.06(4) D
Option to Purchase Common Stock(5) (3) 02/10/2015 Common Stock 1,631 47.925(4) D
Option to Purchase Common Stock(5) (3) 02/06/2016 Common Stock 7,067 44.41(4) D
Option to Purchase Common Stock(5) (3) 02/01/2017 Common Stock 9,499 45.295(4) D
Option to Purchase Common Stock(5) (6) 02/11/2018 Common Stock 15,062 38.305(4) D
Option to Purchase Common Stock(5) (7) 09/03/2018 Common Stock 9,544 28.895(4) D
Option to Purchase Common Stock(8) (9) 02/10/2019 Common Stock 16,998 7.265(4) D
Option to Purchase Common Stock(8) (10) 02/08/2020 Common Stock 12,928 25.16(4) D
Explanation of Responses:
1. Includes shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2000 Stock Award Plan, which vest as follows: 979 on each of 2/11/2011 and 2/11/2012; 1,298 on 9/3/2011 and 1,297 on 9/3/2012 and granted to the Reporting Person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, which vest as follows: 430 on each of 2/10/2011, 2/10/2012 and 2/10/2013; 1,491 on each of 2/8/2011 and 2/8/2012 and 1,490 on each of 2/8/2013 and 2/8/2014.
2. The reporting person was granted the stock option under Royal Caribbean Cruises Ltd.'s 1995 Incentive Stock Option Plan.
3. Immediately.
4. Represents the average of the high and low prices of the issuer's common stock on the NYSE on the date of the grant.
5. The reporting person was granted the stock option under the Royal Caribbean Cruises Ltd. 2000 Stock Award Plan.
6. The option is exercisable as follows: 7,532 shares are exercisable immediately and 3,765 shares are exercisable on each of 02/11/2011 and 02/11/2012.
7. The option is exercisable as follows: 4,772 shares are exercisable on each of 09/03/2011 and 09/03/2012.
8. The reporting person was granted the stock option under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan.
9. The option is exercisable as follows: 5,667 shares are exercisable on 02/10/2011, 5,666 shares are exercisable on 02/10/2012 and 5,665 shares are exercisable on 02/10/2013.
10. The option is exercisable as follows: 3,232 shares are exercisable on each of 02/08/2011, 02/08/2012, 02/08/2013 and 02/08/2014.
Remarks:
EXHIBIT LIST: Exhibit 24: Limited Power of Attorney for Section 16 Reporting Obligations
Carrie Levine, Attorney-in-Fact for Bradley H. Stein 02/09/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.