4//SEC Filing
Becker Stuart J. 4
Accession 0001140361-12-030966
CIK 0001497645other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 4:26 PM ET
Size
7.7 KB
Accession
0001140361-12-030966
Insider Transaction Report
Form 4
Becker Stuart J.
EVP, CFO & Treasurer
Transactions
- Award
Common Stock
2012-04-25+18,075→ 20,575 total - Award
Common Stock
2012-04-25+13,556→ 34,131 total
Footnotes (3)
- [F1]Represents shares of restricted common stock granted to the reporting person by the Issuer's Board of Directors under a time-based stock award agreement. 25%, 25% and 50% of the restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on December 31, 2012, December 31, 2013, and December 31, 2014, respectively.
- [F2]Represents shares of restricted common stock granted to the reporting person by the Issuer's Board of Directors under a performance-based stock award agreement. The restricted shares shall become vested and nonforfeitable in one-third increments on January 1, 2013, January 1, 2014 and January 1, 2015, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's total stockholder return ("TSR") in each one-year period commencing January 1, 2012 equals or exceeds the total return of the SNL U.S. Lodging REIT Index (the "Index Return") for the same period. Two-thirds of the shares (reduced by the number of shares (reduced by the number already vested) shall vest on January 1, 2014 if the Issuer's TSR for the two-year period commencing January 1, 2012 equals or exceeds the Index Return for the same period. All of the shares (reduced by the number already vested) shall vest on January 1, 2015 if the Issuer's TSR for the three-year...
- [F3]period commencing January 1, 2012 equals or exceeds the Index Return for the same period.
Documents
Issuer
Summit Hotel Properties, Inc.
CIK 0001497645
Entity typeother
Related Parties
1- filerCIK 0001510370
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 4:26 PM ET
- Size
- 7.7 KB