4//SEC Filing
CNL HOSPITALITY GP CORP 4
Accession 0000911420-03-000192
CIK 0001063344other
Filed
Sep 7, 8:00 PM ET
Accepted
Sep 8, 2:53 PM ET
Size
18.5 KB
Accession
0000911420-03-000192
Insider Transaction Report
Form 4
CNL HOSPITALITY GP CORP
10% Owner
Transactions
- Purchase
Series A Preferred Units of HLP (as defined below)
2003-08-29$100.00/sh+40,266$4,026,600→ 190,266 totalExercise: $6.76From: 2003-08-29→ Class A Common Shares of HT (as defined below) (596,048 underlying) - Purchase
Limited Partner Units of Metro Hotels (as defined below)
2003-08-29$100.00/sh+80,533$8,053,300→ 80,535 totalExercise: $6.76From: 2003-08-29→ Class A Common Shares of HT (as defined below) (1,192,110 underlying)
Footnotes (10)
- [F1]Each 10.5% Series A Preferred Unit of Hersha Hospitality Limited Partnership, a subsidiary of Hersha Hospitality Trust (each a "Series A Preferred Unit of HLP") is exchangeable at the option of the Reporting Person, at an exchange price of $6.7555 per unit, subject to certain adjustments, based upon a $100 implied value per Series A Preferred Unit of HLP. At this exchange price, each Series A Preferred Unit of HLP is currently exchangeable for approximately 14.8 shares of Priority Class A Common Shares of Beneficial Interest of Hersha Hospitality Trust, par value $0.01 per share ("Class A Common Shares of HT").
- [F10]None
- [F2]Each limited partner unit of HT/CNL Metro Hotels, L.P., a joint venture between HLP and CNL Hospitality Partners, L.P. (each a "Limited Partner Unit of Metro Hotels") is exchangeable at the option of the Reporting Person, at an exchange price of $6.7555 per unit, subject to certain adjustments, based upon a $100 implied value per Limited Partner Unit of Metro Hotels. At this exchange price, each Limited Partner Unit of Metro Hotels is currently exchangeable for approximately 14.8 shares of Class A Common Shares of HT.
- [F3]On August 29, 2003, the Reporting Person beneficially owned approximately 4,008,601 Class A Common Shares of HT.
- [F4]CNL Hospitality Partners, L.P. is the direct beneficial owner of 190,266 Series A Preferred Units of HLP and is jointly filing this Form 4 with CNL Hospitality GP Corp. and CNL Hospitality Properties, Inc.
- [F5]CNL Hospitality GP Corp., as the sole general partner of CNL Hospitality Partners, L.P. has an indirect beneficial ownership interest in the Series A Preferred Units of HLP that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality Properties, Inc.
- [F6]CNL Hospitality Properties, Inc., as the sole stockholder of CNL Hospitality GP Corp. has an indirect beneficial ownership interest in the Series A Preferred Units of HLP that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality GP Corp.
- [F7]CNL Hospitality Partners, L.P. is the direct beneficial owner of 80,535 Limited Partner Units of Metro Hotels and is jointly filing this Form 4 with CNL Hospitality GP Corp. and CNL Hospitality Properties, Inc.
- [F8]CNL Hospitality GP Corp., as the sole general partner of CNL Hospitality Partners, L.P. has an indirect beneficial ownership interest in the Limited Partner Units of Metro Hotels that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality Properties, Inc.
- [F9]CNL Hospitality Properties, Inc., as the sole stockholder of CNL Hospitality GP Corp. has an indirect beneficial ownership interest in the Limited Partner Units of Metro Hotels that are directly beneficially owned by CNL Hospitality Partners, L.P. and is jointly filing this Form 4 with CNL Hospitality Partners, L.P. and CNL Hospitality GP Corp.
Documents
Issuer
HERSHA HOSPITALITY TRUST
CIK 0001063344
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001262634
Filing Metadata
- Form type
- 4
- Filed
- Sep 7, 8:00 PM ET
- Accepted
- Sep 8, 2:53 PM ET
- Size
- 18.5 KB