Summit Hotel Properties, Inc. — Director's Dealing 2016

Aug 9, 2016

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Summit Hotel Properties, Inc. (INN)
CIK: 0001497645
Period of Report: 2011-12-31

Reporting Person: Hansen Daniel P (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-14	Employee Stock Options (right to buy)	$9.75	A	235000	Acquired	2021-02-13	Common Stock (235000)	Direct

Footnotes

F1: The options were granted pursuant to the Issuer's 2011 Equity Incentive Plan in connection with the Issuer's initial public offering, which closed on February 14, 2011. This Form 5 is being filed to disclose this transaction, which was inadvertently not reported previously on Form 4, but which was described in the Issuer's prospectus filed pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, on February 10, 2011.

F2: The options will vest ratably on the first five anniversaries of the date of grant subject to the Reporting Person's continued employment with the Issuer.