INNKEEPERS USA TRUST/FL 4
4 · INNKEEPERS USA TRUST/FL · Filed Jul 2, 2007
Insider Transaction Report
Form 4
ZEMANS JOEL F
Other
Transactions
- Sale
Series C Preferred Shares
2007-06-28$21.55/sh−400$8,620→ 0 total - Sale
Series C Preferred Shares
2007-06-28$21.44/sh−200$4,288→ 0 total - Disposition to Issuer
Common Shares
2007-06-29$17.75/sh−15,902$282,261→ 0 total - Disposition to Issuer
Trustee Share (right to buy)
2007-06-29−2,000→ 0 totalExercise: $7.21From: 2001-11-11Exp: 2011-11-10→ Common Shares (2,000 underlying)
Footnotes (2)
- [F1]Pursuant to the 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").
- [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.