Kalisman Jason Taubman 4
4 · Morgans Hotel Group Co. · Filed May 19, 2011
Insider Transaction Report
Form 4
Kalisman Jason Taubman
Director
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2011-05-17−5,500→ 0 total
Holdings
- 4,500,000(indirect: See footnote)
Common Stock, par value $0.01 per share
Footnotes (2)
- [F1]On May 17, 2011, Mr. Kalisman requested that Morgans Hotel Group Co. cancel the award of 5,500 restricted stock units granted to him on April 7, 2011, and waived all future director compensation in the form of equity grants. Mr. Kalisman received no consideration for the cancellation. Mr. Kalisman believes that his interests are already well aligned with those of stockholders. In addition, he expressed his desire to contribute his cash director fees to charitable and similar organizations of his choice.
- [F2]OTK Associates, LLC ("OTK") is the beneficial owner of 4,500,000 shares of common stock in Morgans Hotel Group Co. Mr. Kalisman, who owns an indirect interest in OTK, disclaims beneficial ownership of the 4,500,000 shares of common stock beneficially owned by OTK, except to the extent of his indirect pecuniary interest therein.