4//SEC Filing
Medzigian Michael G 4
Accession 0001209191-20-024595
CIK 0001609471other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 9:44 PM ET
Size
21.2 KB
Accession
0001209191-20-024595
Insider Transaction Report
Form 4
Medzigian Michael G
DirectorPresident & CEO
Transactions
- Award
Class A Common Stock
2020-04-01$11.41/sh+8,492.54$96,900→ 28,090.709 total(indirect: By LLC) - Award
Class A Common Stock
2020-04-13+15,551.731→ 31,282.528 total(indirect: By LLC) - Award
Class A Common Stock
2020-04-13+394,390.885→ 394,390.885 total - Award
Class A Common Stock
2020-03-18$11.41/sh+19,598.169$223,615→ 19,598.169 total(indirect: By LLC) - Award
Class A Common Stock
2020-04-13+83,657.692→ 237,582.234 total(indirect: By Trust) - Award
OP Units
2020-04-13+1,284,047→ 1,284,047 total(indirect: By LLC)→ Class A Common Stock (1,284,047 underlying) - Other
Class A Common Stock
2020-04-06$11.41/sh−12,359.912$141,027→ 15,730.797 total(indirect: By LLC) - Award
OP Units
2020-04-13+1,133,949→ 1,133,949 total(indirect: By LLC)→ Class A Common Stock (1,133,949 underlying)
Footnotes (9)
- [F1]Represents asset management fees paid in shares of the Issuer for the period from March 1, 2020 through March 31, 2020 at the election of the Reporting Person under the terms of the subadvisory agreement between CWA2, LLC, the Subadvisor, which is wholly owned by the Reporting Person, and the advisor to the Issuer.
- [F2]Represents asset management fees paid in shares of the Issuer for the period from April 1, 2020 through April 13, 2020 at the election of the Reporting Person under the terms of the subadvisory agreement between CWA2, LLC, the Subadvisor, which is wholly owned by the Reporting Person, and the advisor to the Issuer.
- [F3]Represents the rescission, effective as of the original issue date, of a number of shares from the issuances of Common Stock that occurred on March 18, 2020 and April 1, 2020 that were erroneously issued in shares instead of cash.
- [F4]Received in exchange for 17,078.5540 shares of Carey Watermark Investors Incorporated ("CWI 1") common stock in connection with the merger of a subsidiary of the Issuer with and into CWI 1, with CWI 1 surviving the merger as a wholly-owned subsidiary of the Issuer. The most recent estimated net asset value of CWI 1's common stock was $10.39 per share, and the most recent estimated net asset value of the Issuer's Class A common stock was $11.41 per share.
- [F5]Received in exchange for 91,870.956 shares of CWI 1 common stock in connection with the merger of a subsidiary of the Issuer with and into CWI 1, with CWI 1 surviving the merger as a wholly-owned subsidiary of the Issuer. The most recent estimated net asset value of CWI 1's common stock was $10.39 per share, and the most recent estimated net asset value of the Issuer's Class A common stock was $11.41 per share.
- [F6]Includes 5,107.4180 shares previously received in the form of a dividend payable in shares of the Issuer's stock, and 17,454.6560 shares previously acquired under the Issuer's dividend reinvestment plan.
- [F7]Represents restricted share units granted pursuant to an employment agreement, which are scheduled to vest in four equal annual installments on each anniversary of the date of grant and are convertible on a one-for-one basis into shares of the Issuer's Class A common stock.
- [F8]Represents issuance of OP Units of CWI 2 OP, L.P. to CWA, LLC, which is wholly owned by the Reporting Person, received for contribution of special general partnership interest in CWI 1 OP, L.P. The OP Units are convertible for a number of shares of Class A Common Stock of equivalent value, at any time at the option of the holder and without expiration, for no additional consideration.
- [F9]Represents issuance of OP Units of CWI 2 OP, L.P. to CWA2, LLC, which is wholly owned by the Reporting Person, received for contribution of special general partnership interest in CWI 2 OP, L.P. The OP Units are convertible for a number of shares of Class A Common Stock of equivalent value, at any time at the option of the holder and without expiration, for no additional consideration.
Documents
Issuer
Carey Watermark Investors 2 Inc
CIK 0001609471
Entity typeother
Related Parties
1- filerCIK 0001500752
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 9:44 PM ET
- Size
- 21.2 KB