Xenia Hotels & Resorts, Inc. 4
4 · Xenia Hotels & Resorts, Inc. · Filed Feb 8, 2016
Insider Transaction Report
Form 4
WELCH ANDREW J
See Remarks
Transactions
- Exercise/Conversion
Common Stock
[F1]2016-02-04+8,530→ 14,476 total - Tax Payment
Common Stock
2016-02-04$14.15/sh−2,570$36,366→ 11,906 total - Exercise/Conversion
Share Units
[F1][F2]2016-02-04−8,530→ 17,317 totalFrom: 2016-02-04Exp: 2016-02-04→ Common Stock (8,530 underlying)
Footnotes (2)
- [F1]Each share unit represents the contingent right to receive one share of Common Stock. This transaction represents the settlement in shares of Common Stock of vested contingent share units issued under the Xenia Hotels & Resorts, Inc. 2014 Share Unit Plan (the "2014 Share Unit Plan").
- [F2]The remaining contingent share units vest and become payable in two equal annual installments beginning on February 4, 2017. The contingent share units will be settled in Common Stock or the cash equivalent thereof upon vesting, subject to earlier settlement upon termination of the Reporting Person's employment with the Issuer by the Reporting Person for Good Reason (as defined in the award agreement or the 2014 Share Unit Plan) or by the Issuer without Cause (as defined in the award agreement or the 2014 Share Unit Plan), and subject to earlier settlement in cash upon the Reporting Person's death or disability.
Signature
/s/ Marcel Verbaas as Attorney-in-Fact|2016-02-08