SEC Form 4 · accession 0001387131-15-002515
Moody National REIT I, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles L Horn
Director
Period of report
Aug 12, 2015
Accepted (ET)
Aug 14, 2015 · 2:41 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001424879
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 12, 2015 | A | 2,500 | $0.00 | A | 15,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 12, 2015, Moody National REIT I, Inc. (the "Issuer") granted the reporting person 2,500 restricted shares of common stock pursuant to the Issuer's independent directors' compensation plan ("Plan") upon the reporting person's re-election to the Issuer's board of directors. The shares of restricted stock granted pursuant to the Plan will generally vest and become non-forfeitable in equal quarterly installments beginning on the first day of the first quarter following the date of grant; provided, however, that the shares of restricted stock granted pursuant to the Plan will become fully vested on the earlier to occur of (1) the termination of the reporting person's service as a director due to his or her death or disability, or (2) a change in control of the Issuer.
- F2Shares of restricted common stock granted at no cost pursuant to the Plan.