4//SEC Filing
Bright Force Investment, LLC 4
Accession 0001104659-22-038155
CIK 0001497645other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 5:02 PM ET
Size
8.5 KB
Accession
0001104659-22-038155
Insider Transaction Report
Form 4
NewcrestImage Holdings, LLC
10% Owner
Transactions
- Other
Partnership Units
2022-03-23$10.09/sh+550,180$5,548,730→ 14,906,084 totalFrom: 2022-07-13→ Common Stock (550,180 underlying)
Bright Force Investment, LLC
10% Owner
Transactions
- Other
Partnership Units
2022-03-23$10.09/sh+550,180$5,548,730→ 14,906,084 totalFrom: 2022-07-13→ Common Stock (550,180 underlying)
Footnotes (3)
- [F1]Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Operating Partnership may, at its election, cause the Issuer to acquire some or all of the OP Units so presented on a one to one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.
- [F2]OP Units issued in connection with the consummation of the contribution of a property to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC, as amended.
- [F3]Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC.
Documents
Issuer
Summit Hotel Properties, Inc.
CIK 0001497645
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001905505
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 5:02 PM ET
- Size
- 8.5 KB