Edgar Filing: Stein Bradley H

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 ^*

Â Stein Bradley H

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]

(Last)

(First)

(Middle)

ROYAL CARIBBEAN CRUISES LTD.,Â 1050 CARIBBEAN WAY

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 Original Filed(Month/Day/Year)

(Street)

MIAMI,Â FLÂ 33132

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)
Common Stock	19,573 ⁽¹⁾	D	Â

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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Purchase Common Stock ⁽²⁾	Â ⁽³⁾	03/17/2014	Common Stock	2,632	$ 40.06 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁵⁾	Â ⁽³⁾	02/10/2015	Common Stock	1,631	$ 47.925 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁵⁾	Â ⁽³⁾	02/06/2016	Common Stock	7,067	$ 44.41 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁵⁾	Â ⁽³⁾	02/01/2017	Common Stock	9,499	$ 45.295 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁵⁾	Â ⁽⁶⁾	02/11/2018	Common Stock	15,062	$ 38.305 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁵⁾	Â ⁽⁷⁾	09/03/2018	Common Stock	9,544	$ 28.895 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁸⁾	Â ⁽⁹⁾	02/10/2019	Common Stock	16,998	$ 7.265 ⁽⁴⁾	D	Â
Option to Purchase Common Stock ⁽⁸⁾	Â ⁽¹⁰⁾	02/08/2020	Common Stock	12,928	$ 25.16 ⁽⁴⁾	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Stein Bradley H ROYAL CARIBBEAN CRUISES LTD. 1050 CARIBBEAN WAY MIAMI,Â FLÂ 33132	Â	Â	Â SVP, GC & Chief Compliance Off	Â

Signatures

Carrie Levine, Attorney-in-Fact for Bradley H. Stein		02/09/2011
^**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)	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.
Â Remarks: EXHIBITÂ LIST:Â ExhibitÂ 24:Â LimitedÂ PowerÂ ofÂ AttorneyÂ forÂ SectionÂ 16Â ReportingÂ Obligations

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