4//SEC Filing
Xenia Hotels & Resorts, Inc. 4
Accession 0001209191-15-039729
$XHRCIK 0001616000operating
Filed
May 6, 8:00 PM ET
Accepted
May 7, 8:23 AM ET
Size
7.1 KB
Accession
0001209191-15-039729
Insider Transaction Report
Form 4
WELCH ANDREW J
See Remarks
Transactions
- Award
LTIP UNITS
2015-05-05+14,112→ 14,112 total→ Common Shares (14,112 underlying)
Footnotes (2)
- [F1]LTIP Units are a class of limited partnership units in XHR LP (the "Operating Partnership"), of which the Issuer's wholly-owned subsidiary is the general partner. Initially, the LTIP Units do not have full parity with common limited partnership units of the Operating Partnership ("Common Units") with respect to liquidating distributions. However, upon the occurrence of certain events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units may be converted into an equal number of Common Units on a one for one basis at any time at the request of the Reporting Person or the general partner of the Operating Partnership.
- [F2](Continued from Footnote 1) Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, an equal number of shares of the Issuer's common stock, each subject to adjustment in the event of stock splits, specified extraordinary distributions or similar events. The LTIP Units issued pursuant to the Xenia Hotels & Resorts, Inc., XHR Holding, Inc. and XHR LP 2015 Incentive Award Plan vest 33% on February 4, 2016, 33% on February 4, 2017 and 34% on February 4, 2018, subject to earlier vesting upon certain terminations of the Reporting Person's employment or a change of control of the Issuer, in each case as described in the award agreement.
Documents
Issuer
Xenia Hotels & Resorts, Inc.
CIK 0001616000
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001616000
Filing Metadata
- Form type
- 4
- Filed
- May 6, 8:00 PM ET
- Accepted
- May 7, 8:23 AM ET
- Size
- 7.1 KB