0000950170-23-066430.txt : 20231128
0000950170-23-066430.hdr.sgml : 20231128
20231128163047
ACCESSION NUMBER: 0000950170-23-066430
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231128
FILED AS OF DATE: 20231128
DATE AS OF CHANGE: 20231128
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LEVEN MICHAEL A
CENTRAL INDEX KEY: 0001040619
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14765
FILM NUMBER: 231446899
MAIL ADDRESS:
STREET 1: 2500 PEACHTREE ROAD
STREET 2: APT 801
CITY: ATLANTA
STATE: GA
ZIP: 30305
FORMER NAME:
FORMER CONFORMED NAME: LAVEN MICHAEL A
DATE OF NAME CHANGE: 19970609
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HERSHA HOSPITALITY TRUST
CENTRAL INDEX KEY: 0001063344
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 251811499
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 44 HERSHA DRIVE
CITY: HARRISBURG
STATE: PA
ZIP: 17102
BUSINESS PHONE: 7172364400
MAIL ADDRESS:
STREET 1: 44 HERSHA DRIVE
CITY: HARRISBURG
STATE: PA
ZIP: 17102
4
1
ownership.xml
4
X0508
4
2023-11-28
true
0001063344
HERSHA HOSPITALITY TRUST
HT
0001040619
LEVEN MICHAEL A
44 HERSHA DRIVE
HARRISBURG
PA
17102
true
false
false
false
false
Class A Common Shares of Beneficial Interest
2023-11-28
4
D
false
148054
D
0
D
6.50% Series D Cumulative Redeemable Preferred Shares
2023-11-28
4
D
false
45000
D
0
I
On behalf of the Michael and Andrea Leven Family Foundation
Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated August 27, 2023, by and among 1776 Portfolio Investment, LLC ("Parent"), 1776 Portfolio REIT Merger Sub, LLC, 1776 Portfolio OP Merger Sub, LP, Hersha Hospitality Limited Partnership, and the Issuer, the Issuer and the OP became subsidiaries of Parent upon consummation of the transactions contemplated by the Merger Agreement (the "Effective Time"). At the Effective Time, (a) each outstanding share of common stock was cancelled and converted into the right to receive $10.00 in cash (the "Merger Consideration"), without interest, and (b) each outstanding award of restricted common shares vested and was cancelled and converted into the right to receive the Merger Consideration.
At the Effective Time, each outstanding share of preferred stock of the Issuer was cancelled and converted into the right to receive an amount in cash equal to $25.00 per share plus accrued and unpaid dividends, if any, up to and including the Closing Date (as defined in the Merger Agreement), without interest (the "Preferred Merger Consideration").
/s/ Ashish R. Parikh
2023-11-28