SEC Form 4 · accession 0000900440-17-000072
CONDOR HOSPITALITY TRUST, INC. · CDOR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J William Blackham III
Officer — President & CEO · Director
Period of report
Jun 28, 2017
Accepted (ET)
Jun 30, 2017 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000929545
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 28, 2017 | A | 73,385 | $0.00 | A | 180,385 | D | |
| Common StockF2 | holding | — | — | — | 2,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF3 | — | Jun 28, 2017 | D | 5,263,152 | D | — | — | Common Stock | 101,214 | 0 | D |
Explanation of responses
- F1Restricted share grant, vesting commencing March 29, 2018 through March 29, 2022, subject to continued employment; with vesting acceleration on change-in-control, termination without cause or good reason, death or disability.
- F2Reporting person exercises investment discretion for account of reporting person's mother. Reporting person has no direct or indirect pecuniary interest in this account and disclaims beneficial ownership.
- F3The LTIP Units were cancelled in a transaction approved by the issuer's compensation committee, composed solely of three independent directors of the board of directors of the issuer.