SUMMIT HOTEL PROPERTIES, LLC 4
4 · SUMMIT HOTEL PROPERTIES, LLC · Filed Feb 16, 2011
Insider Transaction Report
Form 4
KIRBY STEVEN T
10% Owner
Transactions
- Disposition to Issuer
Class A-1 Interests
2011-02-14−0→ 0 total(indirect: By Kirby Capital Corp.) - Disposition to Issuer
Class B Interests
2011-02-14−0→ 0 total(indirect: By Kirby Capital Corp.) - 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 Kirby Capital Corp.)
Footnotes (7)
- [F1]The issuer's membership interests are expressed in percentages of ownership of the class, rather than in shares or units.
- [F2]Steven T. Kirby disposed of his entire membership interest in the issuer, constituting approximately 1.61% of the Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 92,460 limited partnership units of Summit Hotel OP, LP.
- [F3]Steven T. Kirby disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F4]Kirby Capital Corp. disposed of its entire membership interest in the issuer, constituting approximately 15.65% of the Class A Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP described below. Steven T. Kirby may be deemed to beneficially own such Class A Interests.
- [F5]Kirby Capital Corp. disposed of its entire membership interest in the issuer, constituting approximately 11.857% of the Class A-1 Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP described below. Steven T. Kirby may be deemed to beneficially own such Class A-1 Interests.
- [F6]Kirby Capital Corp. disposed of its Class A and Class A-1 membership interests in the issuer in exchange for 1,203,851 limited partnership units of Summit Hotel OP, LP. Steven T. Kirby may be deemed to beneficially own such limited partnership units.
- [F7]Kirby Capital Corp. disposed of its entire membership interest in the issuer, constituting approximately 0.057% of the Class B Interests, pursuant to the merger agreement between the issuer and Summit Hotel OP, LP in exchange for 283 limited partnership units of Summit Hotel OP, LP. Steven T. Kirby may be deemed to beneficially own such Class B Interests and the limited partnership units owned by Kirby Capital Corp.