SEC Form 4 · accession 0001140361-18-024419
Extended Stay America, Inc. · STAY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard F Wallman
Director
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 4:12 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 |
|---|---|---|---|---|---|---|---|---|
| Paired SharesF1 | May 15, 2018 | A | 5,033 | $0.00 | A | 124,591 | D | |
| Paired SharesF1,F3 | holding | — | — | — | 80,005 | I | See footnote | |
| Paired SharesF1,F4 | 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. Subject to the reporting person's continued service as a director of the issuer through the vesting date, these Restricted Stock Units are scheduled to vest in full on May 15, 2019. Vested Restricted Stock Units will be settled in Paired Shares on the September 15th next following the 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).
- F3These Paired Shares are held through the Richard F. Wallman IRA, an individual retirement account for which he is a fiduciary.
- F4These Paired Shares are held through the Richard F. Wallman SEP, an individual retirement account for which he is a fiduciary.