4//SEC Filing
HEITLAND RAYMOND P 4
Accession 0001284409-04-000012
CIK 0001015859other
Filed
May 23, 8:00 PM ET
Accepted
May 24, 4:47 PM ET
Size
14.0 KB
Accession
0001284409-04-000012
Insider Transaction Report
Form 4
HEITLAND RAYMOND P
Director
Transactions
- Award
Deferred Compensation Units
2004-05-20$7.17/sh+609.969$4,375→ 14,658.401 total→ Common Shares, without par value (609.969 underlying)
Holdings
- 75,000
Director Share Option (Right to Buy)
Exercise: $13.47From: 1999-12-02Exp: 2008-12-02→ Common Shares, without par value (5,000 underlying) - 10,650(indirect: See footnote)
Units
From: 1999-11-04→ Common Shares, without par value (10,650 underlying) - 70,000
Director Share Option (Right to Buy)
Exercise: $25.62From: 1998-12-02Exp: 2007-12-02→ Common Shares, without par value (5,000 underlying) - 80,000
Director Share Option (Right to Buy)
Exercise: $7.30From: 2002-12-05Exp: 2011-12-05→ Common Shares, without par value (5,000 underlying) - 65,000
Director Share Option (Right to Buy)
Exercise: $20.00From: 1997-11-04Exp: 2006-11-04→ Common Shares, without par value (65,000 underlying)
Footnotes (3)
- [F1]The Reporting Person acquired interests ("Units") in Boykin Hotel Properties, L.P. (the "Partnership") on November 4, 1996. In May 2001, the Reporting Person transferred the Units to a trust for the Reporting Person's benefit. Pursuant to the agreement of limited partnership of the Partnership, the Reporting Person may cause the Partnership to purchase his Units for cash (the value of a Unit, subject to certain factors, is equal to the value of one Common Share of Boykin Lodging Company). However, Boykin Lodging Company, the general partner of the Partnership, may elect, subject to certain conditions, to deliver in lieu of cash Common Shares of Boykin Lodging Company on a one-for-one basis with the number Units held.
- [F2]Each unit is the equivalent of one Common Share. The value of amounts credited to a director under the Deferred Compensation Plan is payable in cash and increases or decreases based on the market value of the Company's Common Shares plus the value of dividends or other distributions on the Company's Common Shares.
- [F3]Distribution of amounts credited to a director under the Deferred Compensation Plan commence (i) on a date elected by the director, provided that the date is not earlier than January 1 following the year in which the director attains age 55, and not later than January 1 following the year in which the director attains age 72, or (ii) within ninety (90) days after the date of the director's death or disability.
Documents
Issuer
BOYKIN LODGING CO
CIK 0001015859
Entity typeother
Related Parties
1- filerCIK 0001225876
Filing Metadata
- Form type
- 4
- Filed
- May 23, 8:00 PM ET
- Accepted
- May 24, 4:47 PM ET
- Size
- 14.0 KB