MHI Hospitality CORP 4
4 · MHI Hospitality CORP · Filed Dec 23, 2004
Insider Transaction Report
Form 4
Zaiser William
Chief Financial Officer
Transactions
- Other
Operating Partnership Units
2004-12-21+162,614→ 162,614 total→ Common Stock (162,614 underlying)
Footnotes (4)
- [F1]Operating Partnership Units in MHI Hospitality, L.P., MHI Hospitality Corporation's operating subsidiary.
- [F2]Holders of operating partnership units of MHI Hospitality, L.P. may not exercise the right to have such units redeemed prior to the one year anniversary of the issuance of the units without prior approval of the board of directors. The units were issued on December 21, 2004.
- [F3]There is no expiration date to the redemption right.
- [F4]MHI Hospitality, L.P. is required to redeem the operating partnership units in exchange for cash, or at MHI Hospitality Corporation's option, shares of MHI Hospitality Corporation's common stock. The cash redemption amount per unit is based on the market price of the common stock at the time of redemption.