Statement of Changes in Beneficial Ownership (4)
03 Juni 2022 - 10:37PM
Edgar (US Regulatory)
FORM 4
[ ] Check this box if no longer subject to Section
16. Form 4 or Form 5 obligations may continue. See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * PARIKH
ASHISH R |
2. Issuer Name and Ticker or Trading
Symbol HERSHA HOSPITALITY TRUST [ HT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Financial Officer |
(Last)
(First)
(Middle)
44 HERSHA DRIVE |
3. Date of Earliest Transaction (MM/DD/YYYY)
6/1/2022
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(Street)
HARRISBURG, PA 17102
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
LTIP Units |
(1) |
6/1/2022 |
|
A |
|
35089 (2) |
|
(1) |
(1) |
Class A Common Shares of Beneficial
Interest |
35089.0 |
(1)(2) |
817935 |
D |
|
Explanation of
Responses: |
(1) |
LTIP Units are a class of
limited partnership units in Hersha Hospitality Limited Partnership
(the "Operating Partnership"), of which the Issuer is the general
partner, and represent a profit interest in the Operating
Partnership. Initially, the LTIP Units do not have full parity with
the Operating Partnership's common units of limited partnership
interest ("Common Units") with respect to liquidating
distributions. Upon the occurrence of certain "book-up" events
described in the Operating Partnership's partnership agreement, the
LTIP Units can over time achieve full parity with the Common Units
for all purposes. If such parity is reached, vested LTIP Units are
convertible into Common Units and, upon conversion and subject to
the applicable holding period, may be redeemed for cash in an
amount equal to the then fair market value of an equal number of
the Issuer's common shares or converted into an equal number of the
Issuer's common shares, as determined by the Issuer at its
election. |
(2) |
Reflects restricted LTIP
Units granted under the Amended and Restated Hersha Hospitality
Trust 2012 Equity Incentive Plan in settlement of awards made to
the Reporting Person under the 2022 Long Term Incentive
Program. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
PARIKH ASHISH R
44 HERSHA DRIVE
HARRISBURG, PA 17102 |
|
|
Chief Financial Officer |
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Signatures
|
/s/ Ashish R. Parikh |
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6/3/2022 |
**Signature of
Reporting Person |
Date |
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly. |
* |
If the form is filed by more than one
reporting person, see Instruction 4(b)(v). |
** |
Intentional misstatements or omissions
of facts constitute Federal Criminal Violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: |
File three copies of this Form, one of
which must be manually signed. If space is insufficient, see
Instruction 6 for procedure. |
Persons who respond to the collection of information
contained in this form are not required to respond unless the form
displays a currently valid OMB control number. |
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