SEC Form 4 · accession 0001209191-16-127822
La Quinta Holdings Inc. · LQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Henry G Cisneros
Director
Period of report
Jun 11, 2016
Accepted (ET)
Jun 14, 2016 · 6:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001594617
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 11, 2016 | M | 3,155 | $0.00 | A | 4,938 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Jun 11, 2016 | M | 1,783 | D | — | — | Common Stock | 1,783 | 1,782 | D |
| Restricted Stock UnitsF2,F4 | — | Jun 11, 2016 | M | 1,372 | D | — | — | Common Stock | 1,372 | 2,744 | D |
| Restricted Stock UnitsF2,F5 | — | Jun 11, 2016 | A | 8,711 | A | — | — | Common Stock | 8,711 | 8,711 | D |
Explanation of responses
- F1Represents shares of common stock of La Quinta Holdings Inc. (the "Issuer") acquired upon the vesting of the restricted stock units ("RSUs") indicated in Table II.
- F2Each RSU represents a contingent right to receive one share of the Issuer's common stock payable in common stock, cash or a combination thereof at the discretion of the Issuer's Compensation Committee.
- F3On June 11, 2014, the reporting person was granted 5,348 RSUs that vest in three equal annual installments beginning on June 11, 2015.
- F4On June 11, 2015, the reporting person was granted 4,116 RSUs that vest in three equal annual installments beginning on June 11, 2016.
- F5The RSUs vest in three equal annual installments beginning on June 11, 2017.