Sotherly Hotels Inc. — Director's Dealing 2016

Dec 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Sims Andrew (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-12	Common Stock	P	15300	$6.4178	Acquired	377855	Direct
2016-12-13	Common Stock	P	15000	$6.3965	Acquired	392855	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	793937	Indirect
Common Stock	156250	Indirect

Footnotes

F1: The purchases were made in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

F2: The shares were acquired pursuant to a self-directed brokerage account option in Sotherly Hotels Inc.'s 401(k) plan.

F3: This transaction was executed in multiple trades at prices ranging from $6.37 to $6.43, 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 $6.3796 to $6.41, 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.