4//SEC Filing
Hospitality Investors Trust, Inc. 4
Accession 0001144204-17-035462
CIK 0001583077operating
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 4:33 PM ET
Size
10.1 KB
Accession
0001144204-17-035462
Insider Transaction Report
Form 4
PERLA STANLEY R
Director
Transactions
- Disposition to Issuer
Common Stock
2017-07-03−3,262→ 3,336 total - Award
Common Stock
2017-07-03+3,262→ 6,598 total - Award
Common Stock
2017-07-03+3,788→ 10,386 total
Footnotes (4)
- [F1]On July 3, 2017, the reporting person forfeited all outstanding and unvested restricted shares of common stock and received a grant of an equal number of restricted share units issued under the Amended and Restated Employee and Director Incentive Restricted Share Plan (the "RSP") of Hospitality Investors Trust, Inc. (the "Company"). Each restricted share unit represents a contingent right to receive one share of common stock of the Company. The restricted share units are subject to the same vesting terms as the restricted shares that were forfeited as follows: (i) 266.7 restricted share units vesting in equal installments on January 7, 2018 and January 7, 2019; (ii) 266.6 restricted share units vesting in equal installments on May 28, 2018 and May 28, 2019;
- [F2]and (iii) 266.6 restricted share units vesting in equal installments on June 16, 2018 and the next two anniversaries of that date and (iv) 279.2 restricted share units vesting in equal annual installments on July 5, 2017 and each of the next four anniversaries of that date. Vested units may only be settled in shares of common stock and such settlement generally will be on the earliest of (i) in the calendar year in which the third anniversary of the vesting date occurs, (ii) termination of the reporting person and (iii) a change in control event.
- [F3]Restricted share units issued under the RSP. Each restricted share unit represents a contingent right to receive one share of common stock of the Company. The restricted share units vest in full on the earlier of (i) the date of the 2018 annual meeting of the board of directors of the Company; or (ii) July 3, 2018. Vested units may only be settled in shares of common stock and such settlement generally will be on the earliest of (i) in the calendar year in which the third anniversary of the vesting date occurs, (ii) termination of the reporting person and (iii) a change in control event.
- [F4]This amount includes shares of common stock issued to the reporting person as distributions since the reporting person's Form 4 filed with the Securities and Exchange Commission on August 1, 2016.
Documents
Issuer
Hospitality Investors Trust, Inc.
CIK 0001583077
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001583077
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 4:33 PM ET
- Size
- 10.1 KB