Sotherly Hotels Inc. — Director's Dealing 2020

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sotherly Hotels Inc. (SOHO)
CIK: 0001301236
Period of Report: 2020-01-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-01	Common Stock	A	30000	$0.00	Acquired	291674	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16805	Indirect

Footnotes

F1: The securities were granted pursuant to the Reporting Person's Employment Agreement, dated as of January 1, 2020. Subject to accelerated vesting in certain circumstances, the securities will vest in equal amounts of 6,000 shares over a five-year period beginning with the first installment vesting on the date of execution of a new or successor agreement, and subsequent installments vesting on each anniversary of such execution.

F2: Reflects allocations under the issuer's Employee Stock Ownership Plan.