SEC Form 4 · accession 0001140361-18-024191
Extended Stay America, Inc. · STAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian T. Nicholson
Officer — See Remarks
Period of report
May 15, 2018
Accepted (ET)
May 16, 2018 · 4:08 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001581164
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Paried SharesF1,F3 | May 15, 2018 | A | 15,000 | $0.00 | A | 30,113 | 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. A Form 4 reflecting the transactions in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer.
- F2The reported transaction is an award of restricted stock units in respect of Paired Shares. Subject to the reporting person's continued employment 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 15, 2019, May 15, 2020 and May 15, 2021. Vested 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).
- F3This amount includes 5,084 Paired Shares held by the reporting person and his wife, Cynthia C. Nicholson, as joint tenants.
Remarks
Mr. Nicholson is the Chief Financial Officer of Extended Stay America, Inc. and ESH Hospitality, Inc.