Sims Andrew 4
4 · Sotherly Hotels Inc. · Filed Aug 18, 2023
Insider Transaction Report
Form 4
Sims Andrew
DirectorChairman
Transactions
- Conversion
Common Stock
2023-08-18+252,903→ 327,903 total(indirect: By Trust) - Conversion
Operating Partnership Units
2023-08-18−252,903→ 0 total(indirect: By Trust)→ Common Stock (252,903 underlying)
Holdings
- 1,500
8.0% Series B Preferred Stock
- 1,500
8.25% Series D Preferred Stock
- 504,302
Common Stock
- 156,250(indirect: By Spouse)
Common Stock
- 50,070(indirect: By ESOP)
Common Stock
- 1,500
7.875% Series C Preferred Stock
- 793,937(indirect: By Partnership)
Common Stock
Footnotes (7)
- [F1]The reporting person redeemed 252,903 units of limited partnership interest ("Units") of Sotherly Hotels LP, of which the issuer is the general partner. Units are redeemable for an equal number of shares of the issuer's Common Stock or, at the election of the issuer, cash equal to the fair market value of such shares. The issuer elected to redeem the reporting person's Units with Common Stock.
- [F2]Reflects allocations under the issuer's Employee Stock Ownership Plan.
- [F3]The full security title is 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock.
- [F4]The full security title is 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock.
- [F5]The full security title is 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock.
- [F6]Operating Partnership Units in Sotherly Hotels LP, Sotherly Hotels Inc.'s operating partnership.
- [F7]There is no expiration to the redemption right.