Service Properties Trust — Director's Dealing 2014

Sep 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOSPITALITY PROPERTIES TRUST (NYSE: HPT)
CIK: 0000945394
Period of Report: 2014-09-08

Reporting Person: PORTNOY BARRY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-08	Common Shares of Beneficial Interest	A	6106.1	$28.82	Acquired	47832.95	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	452558.394	Direct

Footnotes

F1: Pursuant 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 August 2014.

F2: Represents 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 Chairman and a director of RMR, and the Chairman, majority 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.

F3: Includes 7,466.359 shares acquired under the Hospitality Properties Trust Dividend Reinvestment Plan since the last Section 16 filing by Mr. Portnoy.