Summit Hotel Properties, Inc. — Director's Dealing 2014

Jan 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Summit Hotel Properties, Inc. (INN)
CIK: 0001497645
Period of Report: 2014-01-06

Reporting Person: Aniszewski Craig J (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-06	Common Stock	M	4105	$0.00	Acquired	77128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-06	OP Units	$	M	4105	Disposed		Common Stock (4105)	Direct

Footnotes

F1: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). On February 14, 2011, the Operating Partnership issued 4,105 OP Units to the Reporting Person.

F2: Holders of OP Units have redemption rights that enable them to cause the Operating Partnership to redeem their OP Units for cash or, at the option of the Issuer, for shares of Common Stock on a one-for-one basis beginning one year after the issuance of the OP Units.

F3: On December 20, 2013, the Reporting Person tendered for redemption 4,105 OP Units in accordance with the Operating Partnership's partnership agreement. On January 6, 2014, the Issuer issued 4,105 shares of common stock to the Reporting Person in connection with the Reporting Person's redemption request.

F4: Not applicable.

F5: The value of each OP Unit tendered for redemption by the Reporting Person was $9.05, based on the average price per share of the Issuer's common stock on December 31, 2013.