4//SEC Filing
LODGIAN INC 4
Accession 0001209191-10-022966
CIK 0001066138operating
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 10:27 AM ET
Size
9.9 KB
Accession
0001209191-10-022966
Insider Transaction Report
Form 4
LODGIAN INCLGN
LIEBLONG ALEX R
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-04-19$2.50/sh−8,500$21,250→ 0 total(indirect: By corp.) - Sale
Common Stock
2010-04-19$2.50/sh−3,004,853$7,512,133→ 0 total(indirect: By LP) - Disposition to Issuer
Common Stock
2010-04-19$2.50/sh−9,000$22,500→ 0 total
Footnotes (4)
- [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 2,344 shares of restricted stock held by reporting person and converted into the $2.50 per share merger consideration.
- [F3]These shares are owned directly by Lieblong & Associates, Inc. Alex R. Lieblong is a shareholder, director and officer of Lieblong & Associates, Inc. and holds voting and dispositive power for the shares held by Lieblong & Associates, Inc. Mr. Lieblong disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F4]These shares are owned directly by Key Colony Fund, LP and indirectly by Key Colony Management, LLC, as general partner of Key Colony Fund, LP. The managing member of Key Colony Management, LLC is Alex R. Lieblong, who holds voting and dispositive power for the shares held by Key Colony Management, LLC. Each of Key Colony Management, LLC and Mr. Lieblong disclaims beneficial ownership of these shares except to the extent of its or his pecuniary interest therein.
Documents
Issuer
LODGIAN INC
CIK 0001066138
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001066138
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 10:27 AM ET
- Size
- 9.9 KB