4//SEC Filing
Sotherly Hotels Inc. 4
Accession 0001181431-14-010467
$SOHOCIK 0001301236operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 1:14 PM ET
Size
6.0 KB
Accession
0001181431-14-010467
Insider Transaction Report
Form 4
Sims Kim
Director
Transactions
- Award
Operating Partnership Units
2014-02-28+8,671→ 357,687 total(indirect: By Partnership)From: 2015-02-28→ Common Stock (8,671 underlying)
Footnotes (4)
- [F1]Operating Partnerships Units in Sotherly Hotels LP, Sotherly Hotels Inc.'s operating partnership.
- [F2]Holders of operating partnership units of Sotherly Hotels LP may not exercise the right to have such units redeemed prior to the one year anniversary of the issuance of the units without prior approval of the board of directors.
- [F3]There is no expiration to the redemption right.
- [F4]Sotherly Hotels LP is required to redeem the operating partnership units in exchange for cash, or at Sotherly Hotels Inc.'s option, shares of Sotherly Hotels Inc.'s common stock. The cash redemption amount per unit is based on the market price of the common stock at the time of redemption.
Documents
Issuer
Sotherly Hotels Inc.
CIK 0001301236
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001301236
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 1:14 PM ET
- Size
- 6.0 KB