SEC Form 4 · accession 0001104659-15-001829
Service Properties Trust · NASDAQ:SVC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Portnoy
Director
Period of report
Jan 8, 2015
Accepted (ET)
Jan 12, 2015 · 2:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000945394
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares of Beneficial InterestF1,F2 | Jan 8, 2015 | A | 4,839 | $31.24 | A | 58,688 | I | See Footnote |
| Common Shares of Beneficial Interest | holding | — | — | — | 135,499 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the terms of a business management agreement (the "Management Agreement") between the Issuer and Reit Management & Research LLC ("RMR"), the per share price amount listed above is the average of the closing prices of the Common Shares on the New York Stock Exchange for each trading day during the month of December 2014.
- F2Represents the pecuniary interest of Mr. Portnoy in Common Shares owned by RMR, of which Reit Management & Research Trust ("RMR Trust") is the sole member. Mr. Portnoy is the President and Chief Executive Officer and a director of RMR, and the President and Chief Executive Officer, a beneficial owner and a trustee of RMR Trust. These Common Shares were issued as a portion of the management fee paid by the Issuer to RMR pursuant to the Management Agreement.