INNKEEPERS USA TRUST/FL 4
4 · INNKEEPERS USA TRUST/FL · Filed Jul 2, 2007
Insider Transaction Report
Form 4
CHURCHEY RANDY L
Other
Transactions
- Disposition to Issuer
Common Shares
2007-06-29$17.75/sh−12,937$229,632→ 0 total - Disposition to Issuer
Trustee Share Option (right to buy)
2007-06-29−2,000→ 0 totalExercise: $8.48From: 2004-05-05Exp: 2014-05-04→ Common Shares (2,000 underlying) - Disposition to Issuer
rustee Share Option (right to buy)
2007-06-29−2,000→ 0 totalExercise: $13.44From: 2005-05-18Exp: 2015-05-17→ Common Shares (2,000 underlying)
Footnotes (2)
- [F1]Pursuant to Merger Agreement between Innkeepers USA Trust and Grand Prix Holdings LLC, each common share was cancelled and converted into the right to receive $17.75 (the "Merger Consideration"). In addition, pursuant to the terms of the Merger Agreement, all unvested shares vested at the time of merger and were converted into the right to receive the Merger Consideration, including Owner's 1,689 unvested common shares.
- [F2]Shares granted under shareholder-approved non-executive trustee share incentive plan. Pursuant to the Merger Agreement, options to acquire shares of common stock were cancelled and converted into the right to receive an amount in cash equal to the excess, if any, of the Merger Consideration over the exercise price per share.