SEC Form 4 · accession 0000899243-16-020289
Morgans Hotel Group Co. · MHGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Broad
Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001342126
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 shareF1 | May 17, 2016 | A | 47,169 | $0.00 | A | 75,238 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units issued to the reporting person as an annual retainer fee pursuant to the Company's Director Compensation Policy, which has previously been approved by the Company's Board of Directors. The restricted stock units, once vested, will settle in shares of Company common stock and are subject to the terms and conditions of the Morgans Hotel Group Co. Amended and Restated 2007 Omnibus Incentive Plan, as amended, and vest on May 12, 2017, unless, (i) in certain circumstances, the reporting person departs the Company prior to such date, in which case the restricted stock units will vest pro rata on the date of such departure, or (ii) upon a corporate transaction, as defined under the Amended and Restated 2007 Omnibus Incentive Plan, in which case the restricted stock units will be deemed to have fully vested immediately prior to the corporate transaction if not otherwise assumed or substituted pursuant to the corporate transaction.