4//SEC Filing
Zinsmaster Samuel 4
Accession 0001609471-22-000096
CIK 0001609471other
Filed
Oct 24, 8:00 PM ET
Accepted
Oct 25, 4:14 PM ET
Size
6.0 KB
Accession
0001609471-22-000096
Insider Transaction Report
Form 4
Zinsmaster Samuel
Senior Vice President
Transactions
- Disposition to Issuer
Class A Common Stock
2022-10-21$6.77/sh−167,479.511$1,133,501→ 0 total
Footnotes (2)
- [F1]Pursuant to the Merger Agreement dated May 6, 2022, at the Company Merger Effective Time, each outstanding share of Class A Common Stock, par value $0.001 per share, of the Company ("Company A Share"), was automatically converted into the right to receive an amount in cash equal to $6.768, without interest. As of the Company Merger Effective Time, all Company A Shares issued and outstanding immediately prior to the Company Merger Effective Time are no longer outstanding and were automatically cancelled and cease to exist.
- [F2]Pursuant to the Merger Agreement, effective immediately prior to the Company Merger Effective Time, each award of restricted stock units (whether vested or unvested) (each, a "Company RSU Award") that is outstanding immediately prior to the Company Merger Effective Time was cancelled, with the holder of each such Company RSU Award becoming entitled to receive, in full satisfaction of the rights of such holder with respect thereto, an amount in cash equal to (i) the number of Company A Shares subject to the Company RSU Award immediately prior to the Company Merger Effective Time multiplied by (ii) the Per Company A Share Merger Consideration (less any applicable income and employment withholding Taxes) of $6.768 per share.
Documents
Issuer
Watermark Lodging Trust, Inc.
CIK 0001609471
Entity typeother
Related Parties
1- filerCIK 0001833262
Filing Metadata
- Form type
- 4
- Filed
- Oct 24, 8:00 PM ET
- Accepted
- Oct 25, 4:14 PM ET
- Size
- 6.0 KB