Sotherly Hotels Inc. — Director's Dealing 2016

Dec 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sotherly Hotels Inc. (SOHO)
CIK: 0001301236
Period of Report: 2016-12-14

Reporting Person: Folsom David R (Director, President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-14	Common Stock	P	5600	$6.3744	Acquired	268891	Direct
2016-12-15	Common Stock	P	1300	$6.3515	Acquired	270191	Direct

Footnotes

F1: The shares were acquired pursuant to a self-directed brokerage account option in Sotherly Hotels Inc.'s 401(k) plan.

F2: The purchases were made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

F3: This transaction was executed in multiple trades at prices ranging from $6.365 to $6.4199, inclusive; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F4: This transaction was executed in multiple trades at prices ranging from $6.3196 to $6.38, inclusive; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.