4//SEC Filing
EXTENDED STAY AMERICA INC 4
Accession 0001140361-14-032288
CIK 0001002579operating
Filed
Aug 12, 8:00 PM ET
Accepted
Aug 13, 5:15 PM ET
Size
7.6 KB
Accession
0001140361-14-032288
Insider Transaction Report
Form 4
PAULSON & CO INC
10% Owner
Transactions
- Disposition to Issuer
Paired Shares
2014-08-12$21.10/sh−8,050,000$169,834,875→ 47,661,591 total(indirect: See footnote)
Footnotes (4)
- [F1]Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B Common Stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the holdings of Paired Shares by the Reporting Person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer.
- [F2]In connection with the secondary offering of Paired Shares by certain selling shareholders pursuant to an underwriting agreement (the "Underwriting Agreement") and prospectus, each dated August 6, 2014, the Reporting Person, as a selling shareholder, sold Paired Shares in the amounts shown in the above table. The secondary offering closed on August 12, 2014. This amount represents the $21.75 price to public per Paired Share, less the underwriting discount of $0.6525 per Paired Share.
- [F3]Paulson & Co. Inc. ("Paulson") is an investment advisor registered under the Investment Advisors Act of 1940. Paulson & Co. Inc., and/or its affiliates (collectively, "Paulson") serve as the investment manager of (i) ESA Recovery Acquisition, LLC, (ii) Paulson Advantage, L.P., (iii) Paulson Advantage II L.P., (iv) Paulson Advantage Ltd., (v) Paulson Advantage Plus, L.P., (vi) Paulson Advantage Plus II L.P., (vii) Paulson Advantage Plus PEQ1 Ltd.,(viii) Paulson Advantage Plus II Ltd., (ix) Paulson Credit Opportunities, L.P., (x) Paulson Credit Opportunities IV L.P., (xi) Paulson Credit Opportunities PEQ1 Ltd., (xii) Paulson Credit Opportunities II PEQ1 Ltd.,(xiii) Paulson Credit Opportunities IV Ltd., (xiv) Paulson Recovery Fund, LP, (xv) Paulson Recovery Fund II LP, (xvi) Paulson Recovery PEQ1 Ltd., (xvii) Paulson Recovery II Fund Ltd., (xviii) Paulson International Ltd., (xix) Paulson Enhanced Ltd., (xx) PCO EN LLC and (xxi) PCO PP LLC (collectively, the "Paired Share Funds").
- [F4](continued from footnote 3) John Paulson is the controlling person of Paulson. All Paired Shares reported on this Form 4 are owned by the Paired Share Funds. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Paired Share Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form.
Documents
Issuer
EXTENDED STAY AMERICA INC
CIK 0001002579
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001002579
Filing Metadata
- Form type
- 4
- Filed
- Aug 12, 8:00 PM ET
- Accepted
- Aug 13, 5:15 PM ET
- Size
- 7.6 KB