SEC Form 4 · accession 0001209191-16-087841
Sotherly Hotels Inc. · SOHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Sims
Officer — Chief Executive Officer · Director
Period of report
Dec 30, 2015
Accepted (ET)
Jan 4, 2016 · 4:52 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301236
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 30, 2015 | P | 15,000 | $6.2476 | A | 354,555 | D | |
| Common Stock | holding | — | — | — | 471,250 | I | By AMS Family Partnership, R.L.L.P. | |
| Common Stock | holding | — | — | — | 156,250 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person acquired shares of Sotherly Hotels Inc.'s common stock pursuant to a self-directed brokerage account option in Sotherly's 401(k) plan.
- F2This transaction was executed in multiple trades at prices ranging from $6.17 to $6.25, inclusive; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.