SEC Form 4 · accession 0001209191-16-155450
Sotherly Hotels Inc. · SOHO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David R Folsom
Officer — President and COO · Director
Period of report
Dec 14, 2016
Accepted (ET)
Dec 15, 2016 · 4:59 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 14, 2016 | P | 5,600 | $6.3744 | A | 268,891 | D | |
| Common StockF1,F2,F4 | Dec 15, 2016 | P | 1,300 | $6.3515 | A | 270,191 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were acquired pursuant to a self-directed brokerage account option in Sotherly Hotels Inc.'s 401(k) plan.
- F2The purchases were made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
- F3This transaction was executed in multiple trades at prices ranging from $6.365 to $6.4199, 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 $6.3196 to $6.38, 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.