SEC Form 4 · accession 0001144204-15-025271
Summit Hotel Properties, Inc. · INN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kerry W Boekelheide
Officer — Executive Chairman · Director
Period of report
Apr 24, 2015
Accepted (ET)
Apr 27, 2015 · 4:48 pm EDT
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 Stock (Time-Based Vesting)F1 | Apr 24, 2015 | A | 16,930 | $0.00 | A | 1,589,149 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on April 24, 2016 (33.33% of the shares granted), April 24, 2017 (33.33% of the shares granted) and April 24, 2018 (33.33% of the shares granted).