SEC Form 4 · accession 0001511337-15-000136
RLJ Lodging Trust · RLJ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ross H. Bierkan
Officer — Chief Investment Officer
Period of report
Jul 28, 2015
Accepted (ET)
Jul 30, 2015 · 5:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001511337
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Jul 28, 2015 | A | 95,333 | $30.06 | A | 573,950 | D | |
| Common SharesF2 | Jul 28, 2015 | F | 22,737 | $30.06 | D | 551,213 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These securities were issued to the reporting person pursuant to the RLJ Lodging Trust 2012 Long Term Equity Incentive Plan, which provided for the conversion of performance units to a number of restricted common shares based on the Company's performance over a designated 3 year performance period. 50% of the restricted common shares vested on the date of issuance, with the remaining 50% vesting on July 28, 2016, provided the reporting person remains employed by the Issuer through the vesting date.
- F2Reflects common shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted common shares as described in footnote 1.