Kelly Joseph F 4
4 · LODGIAN INC · Filed Apr 20, 2010
Insider Transaction Report
Form 4
LODGIAN INCLGN
Kelly Joseph F
VP of Hotel Operations
Transactions
- Disposition to Issuer
Stock Option
2010-04-19−834→ 0 totalExercise: $10.52Exp: 2014-06-25→ Common Stock (834 underlying) - Disposition to Issuer
Common Stock
2010-04-19$2.50/sh−14,457$36,143→ 0 total - Disposition to Issuer
Stock Option
2010-04-19−1,666→ 0 totalExercise: $9.05Exp: 2015-05-09→ Common Stock (1,666 underlying)
Footnotes (3)
- [F1]On April 19, 2010 Lodgian, Inc. was acquired by LSREF Lodging Investments, LLC with LSREF paying $2.50 for each share of Lodgian common stock outstanding (the Merger). Dispositions by reporting person in the Merger were approved in advance by the Lodgian board of directors. The Merger is more fully described in the Lodgian Proxy Statement initially filed with the SEC on March 5, 2010.
- [F2]In connection with the terms of the Merger, vesting was accelerated as to 5,084 shares of restricted stock held by reporting person and converted into the $2.50 per share merger consideration.
- [F3]In connection with the terms of the Merger, each stock option was cancelled for no consideration as they were not in the money.