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Chatham Lodging Trust — Director's Dealing 2016
Feb 1, 2016
33162_dirs_2016-02-01_bb20f68c-c9b7-49f5-b447-1064d297a2d6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Chatham Lodging Trust (CLDT)
CIK: 0001476045
Period of Report: 2016-01-28
Reporting Person: Wegner Jeremy Bruce (Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-01-28 | LTIP Units | $ | A | 4506 | Acquired | Common Shares (4506.0) | Direct |
Footnotes
F1: 1. Represents restricted units of limited partnership interest ("LTIP Units") in Chatham Lodging, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on January 28, 2016. Vested LTIP Units, upon achieving parity with the Operating Partnership units pursuant to the terms of the Operating Partnership's agreement of limited partnership, may be exchanged at any time at the election of the holder for Operating Partnership units on a one-for-one basis or, at the Issuer's option, an equivalent amount of cash. One-third of the reporting person's LTIP Units vest on each of the first three anniversaries of the date of grant, subject to the reporting person's continued employment with the Issuer. The LTIP Units were issued pursuant to the Issuer's Equity Incentive Plan and have no expiration dates.