SEC Form 4 · accession 0001140361-15-023608
ESH Hospitality, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lisa Palmer
Director
Period of report
Jun 5, 2015
Accepted (ET)
Jun 9, 2015 · 1:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001507563
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Paired SharesF1 | Jun 5, 2015 | A | 3,776 | $0.00 | A | 16,369 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported transaction is an award of Restricted Stock Units in respect of Paired Shares. Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. Subject to the reporting person's continued service as a director to the issuer through the applicable vesting date, these Restricted Stock Units are scheduled to vest annually over a three-year period such that one-third of the Restricted Stock Units will vest on each of June 5, 2016, June 5, 2017 and June 5, 2018. Vested Restricted Stock Units will be settled in Paired Shares on March 15th next following the applicable vesting date.