SEC Form 4 · accession 0001144204-17-020053
Hospitality Investors Trust, Inc.
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan P. Mehlman
Officer — CEO and President · Director
Period of report
Apr 7, 2017
Accepted (ET)
Apr 11, 2017 · 5:56 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001583077
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Apr 7, 2017 | J | 38,995 | — | A | 45,477 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents pro rata distribution, less expenses, received by the reporting person with respect to his 5% interest in American Realty Capital Hospitality Properties, LLC (the "ARC Property Manager") and his 5% interest in American Realty Capital Hospitality Advisors, LLC (the "Advisor").
- F2The shares of common stock of Hospitality Investors Trust, Inc. (the "Company") distributed to the reporting person were first received by the Advisor and the ARC Property Manager pursuant to the Framework Agreement dated as of January 12, 2017 by and among its operating partnership, Hospitality Investors Trust Operating Partnership, L.P. (the "OP"), the Advisor, the ARC Property Manager and the other parties thereto upon the consummation, on March 31, 2017, of the transactions contemplated thereby as follows: (i) 524,956 shares of common stock issued upon redemption of limited partnership interests in the OP entitled "OP Units" ("OP Units") delivered upon conversion of all issued and outstanding limited partnership interests in the OP entitled "Class B Units" held by the Advisor; (ii) 90 shares of common stock issued upon redemption of OP Units by the Advisor; and (iii) 279,329 shares of common stock issued to the ARC Property Manager.
- F3This amount includes shares of common stock issued to the reporting person pursuant to the Company's Distribution Reinvestment Plan and shares of common stock issued to the reporting person as distributions, in each case since the reporting person's Form 3 filed with the Securities and Exchange Commission on March 4, 2015.