SEC Form 4 · accession 0001298946-15-000026
DiamondRock Hospitality Co · DRH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark W Brugger
Officer — President and CEO · Director
Period of report
Feb 27, 2015
Accepted (ET)
Mar 2, 2015 · 6:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001298946
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 share | Feb 27, 2015 | F | 64,666 | $14.48 | D | 803,775 | D | |
| Common stock, par value $0.01 per shareF1 | Feb 27, 2015 | A | 74,099 | $0.00 | A | 877,874 | D | |
| Common stock, par value $0.01 per share | Feb 27, 2015 | F | 37,716 | $14.48 | D | 840,158 | D | |
| Common stock, par value $0.01 per shareF2 | Feb 27, 2015 | A | 94,959 | $0.00 | A | 935,117 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market stock unitsF3 | $0.00 | Feb 27, 2015 | M | 49,399 | D | — | Feb 27, 2015 | Common stock | 74,099 | 0 | D |
Explanation of responses
- F1Relates to vesting of Market Stock Units issued on March 5, 2012. Market Stock Units represent the right to receive shares of common stock, subject to the achievement of certain performance conditions. Market Stock Units vest 3 years after issuance and are converted into a number of shares of common stock depending on total shareholder return over the vesting period.
- F2Annual grant of restricted stock. One third of the restricted stock will vest annually beginning on February 27, 2016.
- F3The Market Stock Units vest 3 years from the date of issue and convert into a certain number of shares of common stock, depending on total shareholder return over the vesting period.