SEC Form 4 · accession 0001140361-17-021621
ESH Hospitality, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kapila K Anand
Director
Period of report
May 17, 2017
Accepted (ET)
May 19, 2017 · 5:19 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, 2017 | A | 8,502 | $0.00 | A | 14,083 | D |
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 8,502 Paired Shares acquired in the reported transaction, 4,251 were granted to the reporting person under the Amended and Restated Extended Stay America, Inc. Long-Term Incentive Plan and 4,251 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 of the issuer through the applicable vesting date, these Restricted Stock Units are scheduled to vest in full on May 17, 2018.
- F3Vested Restricted Stock Units will be settled in Paired Shares on the September 15th next following the applicable vesting date (or, in any year when the 15th of September falls on a non-business day, the business day immediately prior to such date).