ARLINGTON HOSPITALITY INC 4
4 · ARLINGTON HOSPITALITY INC · Filed May 20, 2005
Insider Transaction Report
Form 4
SHAPIRO ANDREW E
Director10% Owner
Transactions
- Award
Common Stock
2005-05-18+7,500→ 22,500 total
Holdings
- 488,700(indirect: By Partnership)
Common Stock
Footnotes (2)
- [F1]Table I, Items 3 and 4 - Grant of restricted stock pursuant to 2003 Non-Employee Director Restricted Stock Plan.
- [F2]The 488,700 shares of common stock are owned by two investment limited partnerships of which Lawndale Capital Management, LLC ("LCM") serves as the general partner and investment advisor. The reporting person, Mr. Shapiro, is a managing member of LCM. LCM has only a pro rata interest in these shares and disclaims beneficial ownership in such shares except to the extent of its pecuniary interest. The reporting person, Mr. Shapiro, disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Both LCM and Mr. Shapiro disclaim membership in any "group" in connection with the ownership of these shares.