4//SEC Filing
Hughes Paul C 4
Accession 0001104659-21-087915
CIK 0001583077other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 6:16 AM ET
Size
8.1 KB
Accession
0001104659-21-087915
Insider Transaction Report
Form 4
Hughes Paul C
General Counsel and Secretary
Transactions
- Award
Common Stock
2021-06-30+52,778→ 168,836 total - Other
Common Stock
2021-06-30−168,836→ 0 total
Footnotes (3)
- [F1]On June 30, 2021, as further described in the Current Report on Form 8-K filed by Hospitality Investors Trust, Inc. (the "Company") on July 1, 2021, the joint prepackaged Chapter 11 plan of reorganization previously filed by the Company in the United States Bankruptcy Court for the District of Delaware (the "Plan") became effective.
- [F2]Represents the vesting and settlement of restricted share units previously awarded to the reporting person subject to performance-based conditions under the Amended and Restated Employee and Director Incentive Restricted Share Plan of Hospitality Investors Trust, Inc. (the "RSP"). When the Plan became effective, pursuant to the terms thereof, the RSP was terminated and all restricted share units previously awarded thereunder were settled in shares of the Company's common stock (with each restricted share unit settled in one share of the Company's common stock, and with restricted share units subject to performance-based conditions to be paid assuming maximum performance).
- [F3]When the Plan became effective, pursuant to the terms thereof, each share of the Company's common stock outstanding immediately prior to the effectiveness of the Plan was cancelled and exchanged for a right to receive contingent cash payments pursuant to a contingent value rights agreement entered into as of the effectiveness of the Plan in the form attached as an exhibit to the Plan.
Documents
Issuer
Hospitality Investors Trust, Inc.
CIK 0001583077
Entity typeother
Related Parties
1- filerCIK 0001315121
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 6:16 AM ET
- Size
- 8.1 KB