4//SEC Filing
Becker Stuart J. 4
Accession 0001104659-13-017592
CIK 0001497645other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 5:00 PM ET
Size
7.7 KB
Accession
0001104659-13-017592
Insider Transaction Report
Form 4
Becker Stuart J.
EVP, CFO & Treasurer
Transactions
- Award
Common Stock (Time-Based Vesting)
2013-03-01+18,664→ 52,795 total - Award
Common Stock (Performance-Based Vesting)
2013-03-01+31,995→ 84,790 total
Footnotes (3)
- [F1]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on February 28, 2014 (25% of the shares granted), February 28, 2015 (25% of the shares granted) and February 28, 2016 (the remaining 50% of the shares granted).
- [F2]Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable in one-third increments on January 1, 2014, January 1, 2015 and January 1, 2016, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's total stockholder return ("TSR") in each one-year period commencing January 1, 2013 equals or exceeds the total return of the SNL U.S. Lodging REIT Index (the "Index Return") for the same period.
- [F3]Two-thirds of the shares (reduced by the number of shares already vested) shall vest on January 1, 2015 if the Issuer's TSR for the two-year period commencing January 1, 2013 equals or exceeds the Index Return for the same period. All of the shares (reduced by the number already vested) shall vest on January 1, 2016 if the Issuer's TSR for the three-year period commencing January 1, 2013 equals or exceeds the Index Return for the same period.
Documents
Issuer
Summit Hotel Properties, Inc.
CIK 0001497645
Entity typeother
Related Parties
1- filerCIK 0001510370
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 5:00 PM ET
- Size
- 7.7 KB