SEC Form 4 · accession 0001209191-17-001951
LaSalle Hotel Properties · LHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard Darryl Hartley
Director
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 4:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053532
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1 | Jan 3, 2017 | A | 3,381 | — | A | 6,781 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Common Shares of Beneficial InterestF2,F3,F4 | — | holding | — | — | — | — | — | Common Shares of Beneficial Interest | 15,419 | 15,419 | D |
Explanation of responses
- F1Shares were received in payment of the retainer for services as Trustee and valued at the average closing price of the shares for the year ended December 31, 2016, which was $25.1401.
- F2Deferred common shares of beneficial interest ("Deferred Shares") are exchangeable on a 1-for-1 basis into common shares of beneficial interest, par value $0.01 per share ("Common Shares"), of LaSalle Hotel Properties. Deferred Shares are received as consideration for services rendered as a member of the Board of Trustees of LaSalle Hotel Properties. Holders of Deferred Shares receive additional Deferred Shares in an amount equal to any dividends paid on the Common Shares exchangeable for the outstanding Deferred Shares, divided by the average closing price of the Common Shares on the NYSE during the 10 trading days preceding the first day on which the Common Shares begin trading without entitlement to the applicable dividend. The amount reported includes 1,040 Deferred Shares received in lieu of dividends paid on the Common Shares in 2016.
- F3Deferred Shares are exchangeable on a 1-for-1 basis into Common Shares.
- F4Common Shares are issuable in exchange for Deferred Shares on a 1-for-1 basis on January 31st of the year following the year in which the holder thereof ceases to serve on the Board of Trustees of LaSalle Hotel Properties.