LASALLE HOTEL PROPERTIES 4
4 · LASALLE HOTEL PROPERTIES · Filed Jan 3, 2008
Insider Transaction Report
Form 4
KUHN KELLY L
Director
Transactions
- Award
Deferred Common Shares of Beneficial Interest
2008-01-01+1,729→ 1,729 total→ Common Shares of Beneficial Interest (1,729 underlying)
Footnotes (4)
- [F1]Deferred Common Shares of Beneficial Interest ("Deferred Shares") were received in payment of the 2007 annual retainer for service as Trustee. The Deferred Shares were valued at the average closing price of the Company's common shares for the year ended December 31, 2007, which was $43.38.
- [F2]Deferred Shares are exchangeable on a 1-for-1 basis into common shares of beneficial interest, par value $.01 per share of LaSalle Hotel Properties.
- [F3]Common Shares are issuable in exchange for Deferred Shares on a 1-for-1 basis in five equal annual installments beginning on January 31st of the year following the year in which the reporting person ceases to serve on the Board of Trustees of LaSalle Hotel Properties.
- [F4]No price is given as the Deferred Shares are not purchased by the reporting person. See footnote (1) above.