HERSHA HOSPITALITY TRUST 4
4 · HERSHA HOSPITALITY TRUST · Filed Feb 5, 2007
Insider Transaction Report
Form 4
PATEL KANTI D
Director
Transactions
- Other
Partnership Units
2007-02-01$11.15/sh+83,372$929,598→ 495,903 totalFrom: 2007-02-01→ Common Shares of Beneficial Interest (83,372 underlying) - Other
Partnership Units
2007-02-01$11.15/sh+1,802$20,092→ 412,531 totalFrom: 2007-02-01→ Common Shares of Beneficial Interest (1,802 underlying)
Footnotes (4)
- [F1]Partnership Units in Hersha Hospitality Limited Partnership are redeemable for Common Shares of Beneficial Interest in Hersha Hospitality Trust on a one for one basis.
- [F2]The Partnership Units were acquired by Mr. Patel as consideration for the sale of Mr. Patel's membership interests in BCM, LLC, the owner of fifty percent of the land and improvements of the Hampton Inn, New York, New York (the ?Hampton Inn?) and HPS Seaport, LLC, the owner of fifty percent of the land and improvements of the Hampton Inn, to Hersha Hospitality Limited Partnership.
- [F3]None.
- [F4]The Partnership Units were acquired by Mr. Patel as consideration for the sale of Mr. Patel's membership interests in H. Metro Delaware LLC, the owner of a 50% interest in a joint venture that operates the Holiday Inn Express Manhattan Madison Square (HIEXP) and an option to purchase 50% of the land and improvements of HIEXP, to Hersha Hospitality Limited Partnership.