Wegner Jeremy Bruce 4
4 · Chatham Lodging Trust · Filed Jan 29, 2019
Insider Transaction Report
Form 4
Transactions
- Award
LTIP Units
2019-01-29+808→ 24,345 total→ Common Shares (808 underlying)
Footnotes (1)
- [F1]The Company met the performance criteria under the January 28, 2016 LTIP Performance Award. This LTIP issuance represents the vesting of the third tranche of the award and represents restricted units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's limited partnership agreement, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash.