Service Properties Trust — Director's Dealing 2015

Jun 9, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOSPITALITY PROPERTIES TRUST (NYSE: HPT)
CIK: 0000945394
Period of Report: 2015-06-05

Reporting Person: PORTNOY ADAM (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-05	Common Shares of Beneficial Interest	A	4951.8	$30.36	Acquired	82252.35	Indirect
2015-06-05	Common Shares of Beneficial Interest	J	670500	$30.33	Acquired	752752.35	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	137999	Direct

Footnotes

F1: These Common Shares were issued as a portion of the management fee paid by the Issuer pursuant to the business management agreement between the Issuer and Reit Management & Research LLC ("RMR LLC") in effect as of the date of the transaction at $30.36, the average of the closing prices of the Common Shares on the New York Stock Exchange for each trading day during the month of May 2015.

F2: On May 19, 2015, RMR LLC distributed all of the Common Shares of the Issuer it then directly owned to Reit Management & Research Trust ("RMR Trust"), then its sole member. Mr. Portnoy is the President and Chief Executive Officer, a beneficial owner and a trustee of RMR Trust.

F3: Represents the pecuniary interest of Mr. Portnoy in Common Shares owned by RMR Trust.

F4: On June 5, 2015, RMR Trust, RMR LLC, Reit Management & Research Inc. and the Issuer entered into a Transaction Agreement for an Up-C transaction pursuant to which, among other things, RMR Trust acquired 1,490,000 newly issued Common Shares valued at $30.33 per share, the volume weighted average trading price per Common Share on the New York Stock Exchange during the 20 business days prior to the closing of the transactions contemplated by the Transaction Agreement.