HERSHA HOSPITALITY TRUST 4
4 · HERSHA HOSPITALITY TRUST · Filed Jun 3, 2005
Insider Transaction Report
Form 4
DESFOR DAVID L
Treasurer & Corp. Secretary
Transactions
- Award
Common Shares of Beneficial Interest
2005-06-01$9.52/sh+5,000$47,600→ 6,800 total
Footnotes (1)
- [F1]Effective June 1, 2005, Hersha Hospitality Trust awarded restricted shares of beneficial interest to its executive officers pursuant to its 2004 Incentive Plan. Twenty-five percent of the restricted share award will vest on each of the first through fourth anniversaries of the date of grant. The share price listed is based on the closing price of Hersha's common shares on the American Stock Exchange on May 31, 2005.