4//SEC Filing
Boekelheide Kerry W 4
Accession 0001144204-11-009348
CIK 0001284609other
Filed
Feb 15, 7:00 PM ET
Accepted
Feb 16, 4:34 PM ET
Size
18.4 KB
Accession
0001144204-11-009348
Insider Transaction Report
Form 4
Boekelheide Kerry W
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Class A Interests
2011-02-14−0→ 0 total(indirect: By TS One, Inc.) - Disposition to Issuer
Class A Interests
2011-02-14−0→ 0 total(indirect: By KS Three, Inc.) - Disposition to Issuer
Class B Interests
2011-02-14−0→ 0 total(indirect: By The Summit Group, Inc.) - Disposition to Issuer
Class C Interests
2011-02-14−0→ 0 total(indirect: By The Summit Group, Inc.) - Disposition to Issuer
Class A Interests
2011-02-14−0→ 0 total - Disposition to Issuer
Class A Interests
2011-02-14−0→ 0 total(indirect: By KS Two, Inc.) - Disposition to Issuer
Class B Interests
2011-02-14−0→ 0 total(indirect: By SHB, Inc.)
Footnotes (10)
- [F1]The issuer's membership interests are expressed in percentages of ownership of the class, rather than in shares or units.
- [F10]The Summit Group, Inc. disposed of its Class B and Class C Interests in the issuer in exchange for 1,109,164 limited partnership units of Summit Hotel OP, LP. Kerry W. Boekelheide may be deemed to beneficially own the limited partnership units owned by The Summit Group, Inc.
- [F2]Kerry W. Boekelheide disposed of his entire membership interest in the issuer, constituting approximately 0.275% of the Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 17,000 limited partnership units of Summit Hotel OP, LP.
- [F3]TS One, Inc. disposed of its entire membership interest in the issuer, including its Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 103,004 limited partnership units of Summit Hotel OP, LP. Kerry W. Boekelheide may be deemed to beneficially own 1.8219% of such Class A Interests and 67,286 of the limited partnership units owned by TS One, Inc.
- [F4]Kerry W. Boekelheide disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F5]KS Two, Inc. disposed of its entire membership interest in the issuer, including its Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 81,050 limited partnership units of Summit Hotel OP, LP. Kerry W. Boekelheide may be deemed to beneficially own 1.4483% of such Class A Interests and53,503 of the limited partnership units owned by KS Two, Inc.
- [F6]KS Three, Inc. disposed of its entire membership interest in the issuer, including its Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 115,580 limited partnership units of Summit Hotel OP, LP. Kerry W. Boekelheide may be deemed to beneficially own 2.0653% of the Class A Interests and 76,289 of the limited partnership units owned by KS Three, Inc.
- [F7]SHB, Inc. disposed of its entire membership interest in the issuer, including its Class B Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 17,252 limited partnership units of Summit Hotel OP, LP. Kerry W. Boekelheide may be deemed to beneficially own 3.367% of such Class B Interests and 11,501 of the limited partnership units owned by SHB, Inc.
- [F8]The Summit Group, Inc. disposed of its entire membership interest in the issuer, including approximately 57.56% of the Class B Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP described below. Kerry W. Boekelheide may be deemed to beneficially own such Class B Interests.
- [F9]The Summit Group, Inc. disposed of its entire membership interest in the issuer, including 100% of the Class C Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP described below. Kerry W. Boekelheide may be deemed to beneficially own such Class C Interests.
Documents
Issuer
SUMMIT HOTEL PROPERTIES, LLC
CIK 0001284609
Entity typeother
Related Parties
1- filerCIK 0001360512
Filing Metadata
- Form type
- 4
- Filed
- Feb 15, 7:00 PM ET
- Accepted
- Feb 16, 4:34 PM ET
- Size
- 18.4 KB