SEC Form 4 · accession 0001209191-16-094823
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
Feb 1, 2016
Accepted (ET)
Feb 2, 2016 · 4:48 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 Stock | Feb 1, 2016 | C | 322,687 | $0.00 | A | 793,937 | I | By AMS Family Partnership, L.L.P. |
| Common Stock | holding | — | — | — | 354,555 | D | ||
| Common Stock | holding | — | — | — | 156,250 | I | By spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Partnership UnitsF1,F2,F3 | — | Feb 1, 2016 | C | 322,687 | D | — | — | Common Stock | 322,687 | 0 | I |
Explanation of responses
- F1Operating Partnership Units in Sotherly Hotels LP, Sotherly Hotels Inc.'s operating partnership.
- F2Sotherly Hotels LP has redeemed the operating partnership units in exchange for shares of Sotherly Hotels Inc.'s common stock.
- F3There is no expiration to the redemption right.