4//SEC Filing
LaSalle Hotel Properties 4
Accession 0001209191-17-002081
CIK 0001053532operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:24 PM ET
Size
6.7 KB
Accession
0001209191-17-002081
Insider Transaction Report
Form 4
Martin Jeffrey L
Director
Transactions
- Award
Deferred Common Shares of Beneficial Interest
2017-01-03+1,280→ 1,280 total→ Common Shares of Beneficial Interest (1,280 underlying)
Footnotes (5)
- [F1]Deferred common shares of beneficial interest ("Deferred Shares") were received in payment of the retainer for service as Trustee. The Deferred Shares were valued at the average closing price of the Company's common shares of beneficial interest, par value $0.01 per share ("Common Shares"), for the year ended December 31, 2016, which was $25.1401.
- [F2]Deferred Shares are exchangeable on a 1-for-1 basis into Common Shares.
- [F3]Common Shares are issuable in exchange for Deferred Shares on a 1-for-1 basis on January 31st of the year following the year in which the holder thereof ceases to serve on the Board of Trustees of LaSalle Hotel Properties.
- [F4]No price is given as the Deferred Shares are not purchased by the reporting person. See footnote (1) above.
- [F5]Holders of Deferred Shares receive additional Deferred Shares in an amount equal to the amount of any dividends paid on the Common Shares exchangeable for the outstanding Deferred Shares, divided by the average closing price of the Common Shares on the NYSE during the 10 trading days preceding the first day on which the Common Shares begin trading without entitlement to the applicable dividend.
Documents
Issuer
LaSalle Hotel Properties
CIK 0001053532
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001053532
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:24 PM ET
- Size
- 6.7 KB