Gillespie Michael R 4
4 · HERSHA HOSPITALITY TRUST · Filed Nov 28, 2023
Insider Transaction Report
Form 4
Gillespie Michael R
Chief Accounting Officer
Transactions
- Disposition to Issuer
LTIP Units
2023-11-28−511,200→ 0 total→ Class A Common Shares of Beneficial Interest (511,200 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated August 27, 2023, by and among 1776 Portfolio Investment, LLC ("Parent"), 1776 Portfolio REIT Merger Sub, LLC, 1776 Portfolio OP Merger Sub, LP, Hersha Hospitality Limited Partnership, and the Issuer, the Issuer and the OP became subsidiaries of Parent upon consummation of the transactions contemplated by the Merger Agreement (the "Effective Time"). At the Effective Time, each outstanding LTIP Unit held by the Reporting Person was converted into the right to receive $10.00 in cash (the "Merger Consideration"), without interest.