SEC Form 4 · accession 0001144204-18-004044
Summit Hotel Properties, Inc. · INN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel P Hansen
Officer — Chairman, President & CEO · Director
Period of report
Jan 24, 2018
Accepted (ET)
Jan 26, 2018 · 4:37 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 24, 2018 | A | 89,352 | $0.00 | A | 889,608 | D | |
| Common StockF2 | Jan 24, 2018 | F | 73,044 | $0.00 | D | 816,564 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to its peer group for the measurement period starting January 1, 2015 and ending December 31, 2017 pursuant to a previously reported stock award agreement between the Issuer and the reporting person.
- F2Represents 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.