0001063344-19-000025.txt : 20190322
0001063344-19-000025.hdr.sgml : 20190322
20190322165547
ACCESSION NUMBER: 0001063344-19-000025
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190321
FILED AS OF DATE: 20190322
DATE AS OF CHANGE: 20190322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SHAH HASU P
CENTRAL INDEX KEY: 0001273647
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14765
FILM NUMBER: 19700473
MAIL ADDRESS:
STREET 1: 44 HERSHA DRIVE
CITY: HARRISBURG
STATE: PA
ZIP: 17102
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
wf-form4_155328813284111.xml
FORM 4
X0306
4
2019-03-21
0
0001063344
HERSHA HOSPITALITY TRUST
HT
0001273647
SHAH HASU P
44 HERSHA DRIVE
HARRISBURG
PA
17102
1
1
0
0
Chairman of the Board
LTIP Units
2019-03-21
4
A
0
29757
A
Class A Common Shares of Beneficial Interest
29757.0
172822
D
LTIP Units are a class of limited partnership units in Hersha Hospitality Limited Partnership (the "Operating Partnership"), of which the Issuer is the general partner, and represent a profit interest in the Operating Partnership. Initially, the LTIP Units do not have full parity with the Operating Partnership's common units of limited partnership interest ("Common Units") with respect to liquidating distributions. Upon the occurrence of certain "book-up" events described in the Operating Partnership's partnership agreement, the LTIP Units can over time achieve full parity with the Common Units for all purposes. If such parity is reached, vested LTIP Units are convertible into Common Units and, upon conversion and subject to the applicable holding period, may be redeemed for cash in an amount equal to the then fair market value of an equal number of the Issuer's common shares or converted into an equal number of the Issuer's common shares, as determined by the Issuer at its election.
Reflects restricted LTIP Units granted under the Amended and Restated Hersha Hospitality Trust 2012 Equity Incentive Plan in settlement of awards made to the Reporting Person under the 2018 annual long-term incentive program and the 2016 Multi-year Long-term Incentive Program.
/s/ Ashish R. Parikh, as attorney-in-fact
2019-03-22