4//SEC Filing
Clarkson David 4
Accession 0000895345-21-000592
CIK 0001581164other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 4:56 PM ET
Size
7.4 KB
Accession
0000895345-21-000592
Insider Transaction Report
Form 4
Clarkson David
See Remarks
Transactions
- Award
Paired Shares
2021-06-16+34,091→ 82,662 total - Disposition to Issuer
Paired Shares
2021-06-16$18.75/sh−82,662$1,549,913→ 0 total
Footnotes (3)
- [F1]Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the transactions in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer. This Form 4 is being filed in connection with the merger ("Merger") of a wholly-owned subsidiary of Eagle Parent Holdings L.P. ("Eagle") with and into the Issuer, pursuant to the terms of the certain Agreement and Plan of Merger, dated as of March 14, 2021 (the "Merger Agreement"), between the Issuer and Eagle. The Merger closed on June 16, 2021.
- [F2]Reflects performance-based restricted stock units previously awarded to the reporting person that vested and settled into Paired Shares pursuant to the terms of the Merger Agreement.
- [F3]Each Paired Share held directly or indirectly by the reporting person at the effective time of the Merger was disposed of for $18.75 in cash, pursuant to the terms of the Merger Agreement. This price does not include the special dividend of $1.75 per Paired Share that the reporting person has the right to receive in connection with the consummation of the Merger.
Documents
Issuer
Extended Stay America, Inc.
CIK 0001581164
Entity typeother
Related Parties
1- filerCIK 0001725700
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 4:56 PM ET
- Size
- 7.4 KB