Service Properties Trust — Director's Dealing 2014

Mar 18, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOSPITALITY PROPERTIES TRUST (HPT)
CIK: 0000945394
Period of Report: 2014-03-14

Reporting Person: PORTNOY BARRY M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-14	Common Shares of Beneficial Interest	J	56395	$28.23	Acquired	435203.639	Direct

Footnotes

F1: These shares were issued in payment of the incentive fee paid by the Issuer to Reit Management & Research LLC ("RMR") pursuant to the business management agreement between the Issuer and RMR dated December 10, 2012 (the "Management Agreement"). Mr. Portnoy is a director and the majority beneficial owner of RMR. Mr. Portnoy purchased these shares from RMR upon their issuance. Such transfers were exempt from Section 16 of the Securities Exchange Act of 1934, as amended, pursuant to Rule 16a-13 thereof.

F2: In accordance with the Management Agreement, certain historical share price information was used to determine the number of Common Shares paid to RMR. The per share price amount listed above is the closing sale price of the Common Shares on the New York Stock Exchange on March 14, 2014, when such Common Shares were issued and purchased.