SEC Form 4 · accession 0001140361-15-034444

Extended Stay America, Inc. · STAY

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

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 ESH Hospitality, Inc. as issuer. Subject to the reporting person's continued employment with the issuer through the applicable vesting date, 100,000 of these Restricted Stock Units (the "Time-Vesting RSUs") are scheduled to vest annually over a three-year period such that one-third of the Time-Vesting RSUs will vest on each of August 31, 2016, August 31, 2017 and August 31, 2018. (Continued in Footnote 3.)
• F3(Continued from Footnote 2.) Subject to the reporting person's continued employment with the issuer through August 31, 2018, 500,000 of these Restricted Stock Units are scheduled to vest based on achievement of a total shareholder return target for the period beginning on July 21, 2015 and ending on August 31, 2018. Vested Restricted Stock Units will generally be settled in Paired Shares on September 15th next following the applicable vesting date.

Remarks

Mr. Lopez is the President and Chief Executive Officer and a Director of Extended Stay America, Inc. and ESH Hospitality, Inc.