SEC Form 4 · accession 0001140361-15-000546
Summit Hotel Properties, Inc. · INN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel P Hansen
Officer — President & CEO · Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 5, 2015 · 5:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497645
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 5, 2015 | F | 22,810 | $0.00 | D | 359,134 | D | |
| Common StockF2 | Jan 1, 2015 | D | 16,870 | $0.00 | D | 342,264 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.
- F2Represents shares of common stock that were subject to performance-based vesting conditions previously granted to the reporting person under the Issuer's 2011 Equity Incentive Plan that were forfeited as a result of performance metrics not being met.