SEC Form 4 · accession 0001209191-18-001581
LaSalle Hotel Properties · LHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stuart L Scott
Director
Period of report
Jan 2, 2018
Accepted (ET)
Jan 3, 2018 · 8:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001053532
Table I — non-derivative securities
No Table I lines on this filing.
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 InterestF1,F4,F5,F2,F3 | — | Jan 2, 2018 | A | 5,832 | A | — | — | Common Shares of Beneficial Interest | 5,832 | 84,433 | D |
Explanation of responses
- F1Deferred common shares of beneficial interest ("Deferred Shares") were received in payment of the retainer for service as Trustee. The Deferred Shares were valued at the average closing price of the common shares for the year ended December 31, 2017, which was $29.1501.
- F2Deferred Shares are exchangeable on a 1-for-1 basis into common shares.
- F3Pursuant to the Trustee Fee Deferral Program, common shares are issuable in exchange for Deferred Shares on a 1-for-1 basis on January 31st (or in five equal annual installments beginning 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.
- F4No price is given as the Deferred Shares are not purchased by the reporting person. See footnote (1) above.
- F5Holders of Deferred Shares receive additional Deferred Shares in an amount equal to the amount of 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 New York Stock Exchange during the 10 trading days preceding the first day on which the common shares begin trading without entitlement to the applicable dividend. Includes an additional 4,681 Deferred Shares received in lieu of dividends paid on the common shares exchangeable for the outstanding Deferred Shares during the year ended December 31, 2017.