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Summit Hotel Properties, Inc. — Director's Dealing 2016
Aug 9, 2016
32657_dirs_2016-08-09_39df3b80-4af8-42db-b999-cbf08fd347e5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Summit Hotel Properties, Inc. (INN)
CIK: 0001497645
Period of Report: 2016-08-05
Reporting Person: Aniszewski Craig J (EVP and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-08-05 | Common Stock | M | 235000 | $9.75 | Acquired | 467115 | Direct |
| 2016-08-05 | Common Stock | F | 197316 | $14.02 | Disposed | 269799 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-08-05 | Employee Stock Options (right to buy) | $9.75 | M | 235000 | Disposed | 2021-02-13 | CommonStock (235000) | Direct |
Footnotes
F1: Represents shares of Common Stock (i)withheld for the exercise price of options, which had been awarded on February 14, 2011 in connection with the Issuer's initial public offering and (ii)withheld to pay tax withholding due upon exercise of the options.
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