4//SEC Filing
Baron Lowell Grant 4
Accession 0001140361-19-012260
CIK 0001583077other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 12:47 PM ET
Size
6.8 KB
Accession
0001140361-19-012260
Insider Transaction Report
Form 4
Baron Lowell Grant
Director
Transactions
- Award
Common Stock, par value $0.01
2019-07-01+5,429→ 5,429 total
Footnotes (4)
- [F1]Lowell Baron is a Managing Partner and Chief Investment Officer of Brookfield Asset Management Inc. ("BAM"). BAM is affiliated with Brookfield Strategic Real Estate Partners II Hospitality REIT II LLC (the "Brookfield Investor"), which directly holds the Redeemable Preferred Share, par value $0.01 per share (the "Redeemable Preferred Share"), of Hospitality Investors Trust, Inc. (the "Issuer"). Mr. Baron serves as a director on the board of directors of the Issuer (the "Board") at the request of the Brookfield Investor, which is entitled to designate two appointees to the Board.
- [F2]Mr. Baron has disclaimed any right to receive compensation from the Issuer as a result of such Board service, pursuant to the Compensation Payment Agreement entered into by Mr. Baron, Bruce G. Wiles, the Issuer and BSREP II Hospitality II Board LLC, a Delaware limited liability company and a wholly owned subsidiary of the Brookfield Investor ("BSREP II Board"), on March 31, 2017.
- [F3]On July 1, 2019, the Issuer granted BSREP II Board 5,429 shares of the Issuer's common stock, par value $0.01, subject to forfeiture (the "Restricted Shares") in respect of Mr. Baron's service as a director of the Issuer. Such 5,429 Restricted Shares vest on the earliest of (i) the date of the annual meeting of the Board in 2020; (ii) July 1, 2020; and (iii) a Change in Control, as such term is defined in the Amended and Restated Employee and Director Incentive Restricted Share Plan of the Issuer, provided that, as of each such date, BSREP II Board or its affiliate retains the right to appoint designees to the Board.
- [F4]Mr. Baron disclaims beneficial ownership of all of the securities that are or may be beneficially owned by BAM or any of its affiliates, including the 5,429 Restricted Shares disclosed in this Form 4. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that Mr. Baron is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities of the Issuer.
Documents
Issuer
Hospitality Investors Trust, Inc.
CIK 0001583077
Entity typeother
Related Parties
1- filerCIK 0001702604
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 12:47 PM ET
- Size
- 6.8 KB