CORCORAN THOMAS J JR 4
4 · FelCor Lodging Trust Inc · Filed Sep 5, 2017
Insider Transaction Report
Form 4Exit
CORCORAN THOMAS J JR
DirectorChairman
Transactions
- Disposition to Issuer
Common Stock
[F1]2017-08-31−382,215→ 0 total - Disposition to Issuer
Common Stock
[F1]2017-08-31−30,000→ 0 total(indirect: by TCOR Holdings, L.L.C.) - Disposition to Issuer
Common Stock
[F1]2017-08-31−2,847→ 0 total(indirect: By IRA) - Disposition to Issuer
Series A Preferred Convertible
[F3][F2]2017-08-31−4,000→ 0 totalExercise: $32.25→ Common Stock (3,101 underlying)
Footnotes (3)
- [F1]Disposed of pursuant to an Agreement and Plan of Merger, dated as of April 23, 2017 (the "Merger Agreement"), by and among RLJ Lodging Trust ("RLJ"), RLJ Lodging Trust, L.P. (the "Operating Partnership"), Rangers Sub I, LLC ("REIT Merger Sub"), Rangers Sub II, LP, FelCor Lodging Trust Incorporated ("FelCor") and FelCor Lodging Limited Partnership, FelCor merged with and into REIT Merger Sub, with REIT Merger Sub surviving as a wholly-owned subsidiary of the Operating Partnership (the "REIT Merger"). Pursuant to the Merger Agreement, each outstanding share of common stock, par value $0.01 per share, of FelCor was converted into the right to receive 0.362 common shares of beneficial interest, par value $0.01 per share, of RLJ and cash in lieu of any fractional RLJ Common Shares.
- [F2]The Series A Preferred Stock has been convertible, at the holder's election, since issuance and has no expiration date.
- [F3]Disposed of pursuant to the Merger Agreement, pursuant to which each issued and outstanding share of $1.95 Series A cumulative convertible preferred stock, par value $0.01 per share, of FelCor (the "FelCor Series A Preferred Stock") was converted into the right to receive one share of $1.95 Series A Cumulative Convertible Preferred Shares, par value $0.01 per share, of RLJ, which has the same rights, preferences, privileges and voting powers as those of the FelCor Series A Preferred Stock.
Signature
By: Benjamin L. Morgan, Attorney-in-Fact|2017-09-05