4//SEC Filing
Morgans Hotel Group Co. 4
Accession 0001123292-08-000293
CIK 0001342126operating
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 9:48 PM ET
Size
11.1 KB
Accession
0001123292-08-000293
Insider Transaction Report
Form 4
Gordon Marc
DirectorPresident
Transactions
- Award
Common Stock, par value $0.01 per share
2008-04-03+52,421→ 87,938 total - Award
LTIP Units
2008-04-03+52,421→ 107,421 total→ Common Stock (52,421 underlying) - Award
Stock Options (right to buy)
2008-04-03+123,222→ 123,222 totalExercise: $15.42Exp: 2018-04-03→ Common Stock (123,222 underlying)
Footnotes (4)
- [F1]Represents restricted stock units, which represent the contingent right to recieve one share of Common Stock and will be subject to the terms and conditions of the Morgans Hotel Group Co. 2007 Omnibus Incentive Plan (the "Plan"). The restricted stock units vest one-third each year on each of the first three one-year anniversaries of the grant date. The restricted stock units do not have an expiration date.
- [F2]Represents units of membership interest ("Membership Units") in Morgans Group LLC, the operating company and a subsidiary of Morgans Hotel Group Co. (the "Company"), which are structured as profits interests ("LTIP Units"). Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into one Membership Unit. Each of these Membership Units is redeemable at the election of the holder for: (1) one share of Common Stock, or (2) at the option of the Company, cash equal to the then fair market value of one share of Common Stock.
- [F3]The LTIP Units vest one-third each year on each of the first three one-year anniversaries of the grant date. The right of a holder to convert LTIP Units into Membership Units and to have the Membership Units redeemed does not have an expiration date. The LTIP Units will be subject to the terms and conditions of the Plan.
- [F4]The stock options are subject to the terms and conditions of the Plan. The stock options vest ratably in the three annual installments beginning on the first anniversary of the grant date.
Documents
Issuer
Morgans Hotel Group Co.
CIK 0001342126
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001342126
Filing Metadata
- Form type
- 4
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 9:48 PM ET
- Size
- 11.1 KB