Morgan Dianna 4
4 · HERSHA HOSPITALITY TRUST · Filed Nov 28, 2023
Insider Transaction Report
Form 4
Morgan Dianna
Director
Transactions
- Disposition to Issuer
Class A Common Shares of Beneficial Interest
2023-11-28−115,377→ 0 total
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, (a) each outstanding share of common stock was cancelled and converted into the right to receive $10.00 in cash (the "Merger Consideration"), without interest, and (b) each outstanding award of restricted common shares vested and was cancelled and converted into the right to receive the Merger Consideration.