Service Properties Trust — Director's Dealing 2014

Jul 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOSPITALITY PROPERTIES TRUST (NYSE: HPT)
CIK: 0000945394
Period of Report: 2014-07-08

Reporting Person: PORTNOY BARRY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-07-08	Common Shares of Beneficial Interest	A	5827.25	$29.58	Acquired	35759.9	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	445092.035	Direct

Footnotes

F1: Owned by Reit Management & Research LLC ("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 shares were issued as a portion of the management fee paid by the Issuer to RMR pursuant to a business management agreement between the Issuer and RMR (the "Management Agreement").

F2: Pursuant to the terms of the Management Agreement, 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 June 2014.