Adams D. Rick 4
4 · Chesapeake Lodging Trust · Filed Sep 18, 2019
Insider Transaction Report
Form 4
Adams D Rick
SVP and CIO
Transactions
- Award
Common Shares of Beneficial Interest
2019-09-18+214,360→ 424,717 total - Disposition to Issuer
Common Shares of Beneficial Interest
2019-09-18−309,206→ 0 total - Tax Payment
Common Shares of Beneficial Interest
2019-09-18$27.17/sh−115,511$3,138,434→ 309,206 total
Footnotes (3)
- [F1]Represents shares issued upon the accelerated vesting of performance-based equity awards pursuant to the Merger Agreement as defined in Footnote 3 below.
- [F2]Represents shares surrendered to the issuer to satisfy withholding taxes owed upon the vesting of (i) time-based equity awards and (ii) performance-based equity awards pursuant to the Merger Agreement as defined in Footnote 3 below.
- [F3]Disposed of pursuant to an Agreement and Plan of Merger, dated as of May 5, 2019 (the "Merger Agreement"), by and among Park Hotels & Resorts Inc., ("Park"), PK Domestic Property LLC, an indirect subsidiary of Park ("Domestic"), PK Domestic Sub LLC ("Merger Sub") and Chesapeake Lodging Trust (the "Trust"). Pursuant to the Merger Agreement, on September 18, 2019, the Trust merged with and into Merger Sub, with Merger Sub continuing as the surviving entity and a wholly-owned subsidiary of Domestic. Pursuant to the Merger Agreement, each common share of beneficial interest of the Trust, par value $0.01, was converted into the right to receive 0.628 of a share of Park's common stock, par value $0.01, and $11.00 in cash.