4 1 pgform4.txt FORM 4 (CGLH) ------------------------------ OMB APPROVAL ------------------------------ OMB Number 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response ....... 0.5 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) ================================================================================ 1. Name and Address of Reporting Person* CGLH Partners I LP(1) -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Lehman Brothers Holdings Inc. 745 Seventh Avenue -------------------------------------------------------------------------------- (Street) New York NY 10019 -------------------------------------------------------------------------------- (City) (State) (Zip) ================================================================================ 2. Issuer Name AND Ticker or Trading Symbol Interstate Hotels & Resorts, Inc. (IHR) ================================================================================ 3. IRS or Social Security Number of Reporting Person (voluntary) ================================================================================ 4. Statement for Month/Day/Year August 1, 2002 ================================================================================ 5. If Amendment, Date of Original (Month/Day/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ X ] Director [ X ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------------------------- ================================================================================ 7. Individual or Joint/Group Filing (Check Applicable Line) [ ] Form filed by One Reporting Person [ X ] Form filed by More than One Reporting Person ================================================================================ TABLE I -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED ================================================================================

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: (1) Filed by CGLH Partners I LP as Designated Filer. Please see attached Joint Filer Information. (2) The options vest with respect to 1/3 of the shares covered on each of the first, second and third anniversaries of the grant date. (3) Represents options to purchase shares of the Issuer's Common Stock granted to Mr. Joseph J. Flannery as a Director of the Issuer as disclosed on a Form 4 filed on or about the date hereof by Mr. Flannery. Mr. Flannery is a Managing Director of Lehman Brothers Inc. ("LBI"), which is a wholly-owned subsidiary of Reporting Person Lehman Brothers Holdings Inc. ("LBHI"). Pursuant to Mr. Flannery's employment with LBI, LB Interstate LP LLC, a wholly-owned subsidiary of LBHI, is the beneficial owner of the options granted to Mr. Flannery reported herein. The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, if any. (4) Represents options to purchase shares of the Issuer's Common Stock granted to Mr. Raymond C. Mikulich as a Director of the Issuer as disclosed on a Form 4 filed on or about the date hereof by Mr. Mikulich. Mr. Mikulich is a Managing Director of Lehman Brothers Inc. ("LBI"), which is a wholly-owned subsidiary of Reporting Person Lehman Brothers Holdings Inc. ("LBHI"). Pursuant to Mr. Mikulich's employment with LBI, LB Interstate LP LLC, a wholly-owned subsidiary of LBHI, is the beneficial owner of the options granted to Mr. Mikulich reported herein. The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, if any. (5) Represents options to purchase shares of the Issuer's Common Stock granted to Mr. Karim Alibhai as a Director of the Issuer, as disclosed on a Form 4 filed by Mr. Alibhai on or about September 3, 2002. The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, if any. (6) Represents options to purchase shares of the Issuer's Common Stock granted to Mr. Sherwood M. Weiser as a Director of the Issuer, as disclosed on a Form 4 filed by Mr. Weiser on or about September 3, 2002. The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, if any. /s/ Joseph J. Flannery 9/9/2002 --------------------------------------------- ----------------------- **Signature of Reporting Person Date Joseph J. Flannery As Authorized Signatory of CGLH Partners I LP 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 4(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. JOINT FILER INFORMATION Each of the following joint filers has designated CGLH Partners I LP as the "Designated Filer" for purposes of Item 1 of the attached Form 3: (1) CGLH Partners II LP 745 Seventh Avenue, New York, NY 10019 (2) LB Interstate GP LLC 745 Seventh Avenue, New York, NY 10019 (3) LB Interstate LP LLC 745 Seventh Avenue, New York, NY 10019 (4) PAMI LLC 745 Seventh Avenue, New York, NY 10019 (5) Property Asset Management Inc. 745 Seventh Avenue, New York, NY 10019 (6) Lehman ALI Inc. 745 Seventh Avenue, New York, NY 10019 (7) Lehman Brothers Holdings Inc. 745 Seventh Avenue, New York, NY 10019 (8) MK/CG GP LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (9) MK/CG LP LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (10) CG Interstate Associates LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (11) Continental Gencom Holdings, LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (12) DEL-IHC, LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (13) Donald E. Lefton 3250 Mary Street, Suite 500, Miami, Florida 33133 (14) SMW-IHC, LLC 3250 Mary Street, Suite 500, Miami, Florida 33133 (15) Sherwood M. Weiser 3250 Mary Street, Suite 500, Miami, Florida 33133 (16) Karim Alibhai 3250 Mary Street, Suite 500, Miami, Florida 33133 (17) KFP Interstate Associates, LLC 545 E. John Carpenter Freeway, Suite 1400, Irving, Texas 75062 (18) KFP Interstate, LLC 545 E. John Carpenter Freeway, Suite 1400, Irving, Texas 75062 (19) KFP Holdings, Ltd 545 E. John Carpenter Freeway, Suite 1400, Irving, Texas 75062 (20) Grosvenor, LC 545 E. John Carpenter Freeway, Suite 1400, Irving, Texas 75062 (21) Quadrangle Trust Company (BVI) Limited PO Box 438, Tropic Isle Building, Wickshams Cay 1, Roadtown, Tortola, British Virgin Islands Issuer & Ticker Symbol: Interstate Hotels & Resorts, Inc. (IHR) Date of Event: 8/1/2002 Signature: /s/ Joseph J. Flannery -------------------------------- Name: Joseph J. Flannery Title: Authorized Signatory for each of CGLH Partners II LP; LB Interstate GP LLC; LB Interstate LP LLC; PAMI LLC; Property Asset Management Inc.; Lehman ALI Inc. and Lehman Brothers Holdings Inc. Signature: /s/ Donald E. Lefton -------------------------------- Name: Donald E Lefton Title: Individually, and as Authorized Signatory for each of: MK/CG GP LLC; MK/CG LP LLC; CG Interstate Associates LLC; and Continental Gencom Holdings, LLC. DEL-IHC, LLC Signature: /s/ Sherwood M. Weiser ----------------------------------- Name: Sherwood M. Weiser Title: Individually, and as Authorized Signatory for SMW-IHC, LLC. Signature: /s/ Karim Alibhai ----------------------------------- Name: Karim Alibhai Signature: /s/ Jaffer Khimji -------------------------------- Name: Jaffer Khimji Title: Authorized Signatory for each of: KFP Interstate Associates, LLC; KFP Interstate, LLC; KFP Holdings, Ltd; and Grosvenor, LC. Signature: /s/ Nicholas Lane -------------------------------- Name: Nicholas Lane Title: Director, Quadrangle Trust Company (BVI) Limited

CGLH PARTNERS I LP 4