SEC Form 4 · accession 0001140361-16-066160
ESH Hospitality, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F Wallman
Director
Period of report
May 17, 2016
Accepted (ET)
May 18, 2016 · 4:36 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 | May 17, 2016 | A | 11,408 | $0.00 | A | 129,142 | D | |
| Paired SharesF1,F4 | holding | — | — | — | 80,005 | I | See footnote | |
| Paired SharesF1,F5 | holding | — | — | — | 9,800 | I | See footnote | |
| Paired SharesF1 | holding | — | — | — | 13,800 | I | Spouse IRA | |
| Paired SharesF1 | holding | — | — | — | 18,200 | I | Spouse SEP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each 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.
- F2The reported transaction is an award of Restricted Stock Units in respect of Paired Shares. A Form 4 reflecting the transaction in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to Extended Stay America, Inc. as issuer. Of the 11,408 Paired Shares acquired in the reported transaction, 6,519 were granted to the reporting person under the Amended and Restated Extended Stay America, Inc. Long-Term Incentive Plan and 4,889 were granted to the reporting person under the Amended and Restated ESH Hospitality, Inc. Long-Term Incentive Plan. 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 May 17, 2017, May 17, 2018 and May 17, 2019.
- F3Vested Restricted Stock Units will be settled in Paired Shares on the March 15th next following the applicable vesting date (or, in any year when the 15th of March falls on a non-business day, the business day immediately prior to such date).
- F4These Paired Shares are held through the Richard F. Wallman IRA, an individual retirement account for which he is a fiduciary.
- F5These Paired Shares are held through the Richard F. Wallman SEP, an individual retirement account for which he is a fiduciary.