SEC Form 4 · accession 0001144204-16-117793
Summit Hotel Properties, Inc. · INN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig J Aniszewski
Officer — EVP and COO
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 5:22 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 | Aug 5, 2016 | M | 235,000 | $9.75 | A | 467,115 | D | |
| Common StockF1 | Aug 5, 2016 | F | 197,316 | $14.02 | D | 269,799 | D |
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) | $9.75 | Aug 5, 2016 | M | 235,000 | D | Feb 14, 2012 | Feb 13, 2021 | CommonStock | 235,000 | 0 | D |
Explanation of responses
- F1Represents shares of Common Stock (i)withheld for the exercise price of options, which had been awarded on February 14, 2011 in connection with the Issuer's initial public offering and (ii)withheld to pay tax withholding due upon exercise of the options.