0001140361-17-011921.txt : 20170314
0001140361-17-011921.hdr.sgml : 20170314
20170314163243
ACCESSION NUMBER: 0001140361-17-011921
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170310
FILED AS OF DATE: 20170314
DATE AS OF CHANGE: 20170314
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Extended Stay America, Inc.
CENTRAL INDEX KEY: 0001581164
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 463140312
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 11525 N. COMMUNITY HOUSE ROAD, SUITE 100
CITY: CHARLOTTE
STATE: NC
ZIP: 28277
BUSINESS PHONE: (980) 345-1600
MAIL ADDRESS:
STREET 1: 11525 N. COMMUNITY HOUSE ROAD, SUITE 100
CITY: CHARLOTTE
STATE: NC
ZIP: 28277
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PAULSON & CO. INC.
CENTRAL INDEX KEY: 0001035674
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36190
FILM NUMBER: 17688481
BUSINESS ADDRESS:
STREET 1: 1251 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10020
BUSINESS PHONE: 212-956-2221
MAIL ADDRESS:
STREET 1: 1251 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10020
FORMER NAME:
FORMER CONFORMED NAME: PAULSON & CO INC
DATE OF NAME CHANGE: 19970313
4
1
doc1.xml
FORM 4
X0306
4
2017-03-10
0
0001581164
Extended Stay America, Inc.
STAY
0001035674
PAULSON & CO. INC.
1251 AVENUE OF THE AMERICAS
NEW YORK
NY
10020
0
0
1
0
Paired Shares
2017-03-10
4
S
0
8333334
16.70
D
20294924
I
By Managed Funds and Accounts
Paired Shares
2017-03-10
4
S
0
208334
16.70
D
20086590
I
By Managed Funds and Accounts
Paulson & Co. Inc. ("Paulson") is an investment advisor registered under the Investment Advisors Act of 1940. Paulson & Co. Inc., and/or its affiliates (collectively, "Paulson") serve as the investment manager of (i) Paulson Advantage II L.P., (ii) Paulson Advantage Plus II L.P., (iii) ESA Recovery Acquisition, LLC, (iv) Paulson Advantage Plus II Ltd., (v) Paulson Credit Opportunities IV Ltd., (vi) Paulson Partners L.P., (vii) Paulson Partners Enhanced, L.P., (viii) Paulson International Ltd., (ix) Paulson Enhanced Ltd., (x) PCO EN LLC, (xi) PCO PP LLC (collectively, the "Paired Share Funds").
John Paulson is the controlling person of Paulson. All Paired Shares reported on this Form 4 are owned by the Paired Share Funds. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Paired Share Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form.
Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B Common Stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the holdings of Paired Shares by the Reporting Person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer.
In connection with the secondary offering of Paired Shares by certain selling shareholders pursuant to an underwriting agreement (the "Underwriting Agreement") and prospectus supplement, each dated March 6, 2017 (the "Secondary Offering"), the Reporting Person, as a selling shareholder, sold Paired Shares in the amounts shown in the above table. The Secondary Offering closed on March 10, 2017. This amount represents an aggregate price per Paired Share of $16.70.
Concurrent with the closing of the Secondary Offering, Extended Stay America, Inc. and ESH Hospitality, Inc. repurchased 208,334 Paired Shares from the Reporting Person at a price of $16.70 per Paired Share.
/s/ Stuart L. Merzer, General Counsel & Chief Compliance Officer for Paulson & Co. Inc.
2017-03-14