La Quinta Holdings Inc. 4
4 · La Quinta Holdings Inc. · Filed Jun 14, 2016
Insider Transaction Report
Form 4
Sumers Gary M
Director
Transactions
- Award
Restricted Stock Units
2016-06-11+8,711→ 8,711 total→ Common Stock (8,711 underlying) - Exercise/Conversion
Common Stock
2016-06-11+1,372→ 1,778 total - Exercise/Conversion
Restricted Stock Units
2016-06-11−1,372→ 2,744 total→ Common Stock (1,372 underlying)
Footnotes (4)
- [F1]Represents shares of common stock of La Quinta Holdings Inc. (the "Issuer") acquired upon the vesting of the restricted stock units ("RSUs") indicated in Table II.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's common stock payable in common stock, cash or a combination thereof at the discretion of the Issuer's Compensation Committee.
- [F3]On June 11, 2015, the reporting person was granted 4,116 RSUs that vest in three equal annual installments beginning on June 11, 2016.
- [F4]The RSUs vest in three equal annual installments beginning on June 11, 2017.