SEC Form 4 · accession 0001209191-15-084579
Red Lion Hotels CORP · RLH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1,F2 | Dec 8, 2015 | P | 0 | $7.5996 | A | 0 | D |
Table II — derivative securities
Explanation of responses
- F1As described in additional detail below, the filer acquired Section 13 beneficial ownership of 24,161 shares of Common Stock on this date, but has no pecuniary interest in those shares and therefore has not acquired them for the purposes of Section 16. Following this acquisition, the filer had Section 13 beneficial ownership of 3,228,401 shares of Common Stock but had no pecuniary interest in those shares and therefore no beneficial ownership for the purposes of Section 16.
- F2The price reported in Column 4 is a weighted average price. The reporting person acquired these shares in multiple transactions at prices ranging from $7.50 to $7.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth above.
Remarks
HNA Investment Management LLC (the "Manager") has been contractually delegated all authority to acquire, vote and dispose of the shares (the "Shares") of Common Stock of Red Lion Hotels Corporation (the "Issuer"). The Shares are held directly by HNA RLH Investments LLC, ("HNA RLH"), which is a wholly owned, indirect subsidiary of HNA Group Co., Ltd. HNA RLH retains the entire pecuniary interest in the Shares, and the Manager does not receive a performance based fee for its services. Accordingly, the Manager, while considered a 10% shareholder of the Issuer, does not beneficially own any shares for the purposes of Section 16. The Manager has elected to make this filing for informational purposes only.