SEC Form 4 · accession 0001209191-16-154956
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 12, 2016
Accepted (ET)
Dec 13, 2016 · 5:06 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,F3 | Dec 12, 2016 | P | 15,300 | $6.4178 | A | 377,855 | D | |
| Common StockF1,F2,F4 | Dec 13, 2016 | P | 15,000 | $6.3965 | A | 392,855 | D | |
| Common Stock | holding | — | — | — | 793,937 | 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 purchases were made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
- F2The shares were acquired pursuant to a self-directed brokerage account option in Sotherly Hotels Inc.'s 401(k) plan.
- F3This transaction was executed in multiple trades at prices ranging from $6.37 to $6.43, 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.
- F4This transaction was executed in multiple trades at prices ranging from $6.3796 to $6.41, 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.