Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sarna Rakesh
2. Date of Event Requiring Statement (Month/Day/Year)
11/04/2009
3. Issuer Name and Ticker or Trading Symbol
Hyatt Hotels Corp [H]
(Last)
(First)
(Middle)
C/O HYATT HOTELS CORPORATION, 71 S. WACKER DRIVE, 12TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
COO - International
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHICAGO, IL 60606
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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
Stock Appreciation Rights   (1) 07/01/2017 Class A Common Stock 31,114 $ 62.8 D  
Stock Appreciation Rights   (2) 05/02/2018 Class A Common Stock 24,925 $ 58.18 D  
Stock Appreciation Rights   (3) 06/09/2019 Class A Common Stock 34,916 $ 26 D  
Restricted Stock Units   (4) 05/01/2012 Class A Common Stock 4,750 $ (8) D  
Restricted Stock Units   (5) 05/01/2012 Class A Common Stock 50,000 $ (8) D  
Restricted Stock Units   (6) 05/01/2013 Class A Common Stock 16,759 $ (8) D  
Restricted Stock Units   (7) 05/01/2017 Class A Common Stock 51,923 $ (8) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sarna Rakesh
C/O HYATT HOTELS CORPORATION
71 S. WACKER DRIVE, 12TH FLOOR
CHICAGO, IL 60606
      COO - International  

Signatures

/s/ Harmit J. Singh, Attorney-in-fact 11/04/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The stock appreciation rights issued pursuant to the Amended and Restated Hyatt Hotels Corporation Long-Term Incentive Plan (the LTIP) vest in four equal annual installments beginning on March 31, 2008.
(2) The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on April 1, 2009.
(3) The stock appreciation rights issued pursuant to the LTIP vest in four equal annual installments beginning on April 1, 2010.
(4) The restricted stock units issued pursuant to the LTIP vest in four equal annual installments beginning on April 1, 2009. The restricted stock units will be settled in Class A Common Stock or, at the election of the administrator of the LTIP, cash on May 1, 2012, subject to earlier settlement upon either a termination of the Reporting Person's service or a change of control of the Issuer.
(5) The restricted stock units issued pursuant to the LTIP vest in four annual installments of 10%, 25%, 25% and 40%, respectively, beginning on April 1, 2009. The restricted stock units will be settled in Class A Common Stock or, at the election of the administrator of the LTIP, cash on May 1, 2012, subject to earlier settlement upon either a termination of the Reporting Person's service or a change of control of the Issuer.
(6) The restricted stock units issued pursuant to the LTIP vest in four equal annual installments beginning on April 1, 2010. The restricted stock units will be settled in Class A Common Stock or, at the election of the administrator of the LTIP, cash on May 1, 2013, subject to earlier settlement upon either a termination of the Reporting Person's service or a change of control of the Issuer.
(7) The restricted stock units issued pursuant to the LTIP vest according to the following vesting schedule: (i) 10% on June 9, 2009, (ii) two annual installments of 10% beginning on April 1, 2010, (iii) 20% on April 1, 2012, and (iv) five annual installments of 10% beginning on April 1, 2013. The restricted stock units will be settled in Class A Common Stock or, at the election of the administrator of the LTIP, cash on May 1, 2017, subject to earlier settlement upon either a termination of the Reporting Person's service or a change of control of the Issuer.
(8) Each restricted stock unit represents the contingent right to receive one share of Class A Common Stock.
 
Remarks:
Exhibit List:
Exhibit 24 - Power of Attorney

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