SEC Form 5 · accession 0001144204-16-117791
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
Dec 31, 2011
Accepted (ET)
Aug 9, 2016 · 5:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001497645
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F2 | $9.75 | Feb 14, 2011 | A | 235,000 | A | Feb 12, 2012 | Feb 13, 2021 | Common Stock | 235,000 | 235,000 | D |
Explanation of responses
- F1The options were granted pursuant to the Issuer's 2011 Equity Incentive Plan in connection with the Issuer's initial public offering, which closed on February 14, 2011. This Form 5 is being filed to disclose this transaction, which was inadvertently not reported previously on Form 4, but which was described in the Issuer's prospectus filed pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, on February 10, 2011.
- F2The options will vest ratably on the first five anniversaries of the date of grant subject to the Reporting Person's continued employment with the Issuer.