4//SEC Filing
SHAH HASU P 4
Accession 0001063344-21-000082
CIK 0001063344other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 6:09 PM ET
Size
6.2 KB
Accession
0001063344-21-000082
Insider Transaction Report
Form 4
SHAH HASU P
DirectorChairman of the Board
Transactions
- Award
LTIP Units
2021-06-01$11.31/sh+5,727$64,772→ 353,771 total→ Class A Common Shares of Beneficial Interest (5,727 underlying)
Footnotes (2)
- [F1]LTIP Units are a class of limited partnership units in Hersha Hospitality Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner, and represent a profit interest in the Operating Partnership. Initially, the LTIP Units do not have full parity with the Operating Partnership's common units of limited partnership interest ("Common Units") with respect to liquidating distributions. Upon the occurrence of certain "book-up" events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units are convertible into Common Units and, upon conversion and subject to the applicable holding period, may be redeemed for cash in an amount equal to the then fair market value of an equal number of the Issuer's common shares or converted into an equal number of the Issuer's common shares, as determined by the Issuer at its election.
- [F2]These LTIP units were issued in lieu of cash compensation at the election of the Officer.
Documents
Issuer
HERSHA HOSPITALITY TRUST
CIK 0001063344
Entity typeother
Related Parties
1- filerCIK 0001273647
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 6:09 PM ET
- Size
- 6.2 KB