0001063344-21-000097.txt : 20210917
0001063344-21-000097.hdr.sgml : 20210917
20210917163457
ACCESSION NUMBER: 0001063344-21-000097
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210915
FILED AS OF DATE: 20210917
DATE AS OF CHANGE: 20210917
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PARIKH ASHISH R
CENTRAL INDEX KEY: 0001273644
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14765
FILM NUMBER: 211260874
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_163191086997866.xml
FORM 4
X0306
4
2021-09-15
0
0001063344
HERSHA HOSPITALITY TRUST
HT
0001273644
PARIKH ASHISH R
44 HERSHA DRIVE
HARRISBURG
PA
17102
0
1
0
0
Chief Financial Officer
Class A Common Shares of Beneficial Interest
2021-09-15
4
C
0
10750
A
11751
D
Class A Common Shares of Beneficial Interest
2021-09-15
5
G
0
E
10750
0
D
1001
D
LTIP Units
2021-09-15
4
C
0
10750
0
D
Class A Common Shares of Beneficial Interest
10750.0
609740
D
10,750 of the Reporting Person's LTIP Units in Hersha Hospitality Limited Partnership (the "Operating Partnership") were exchanged for common units of limited partnership interest ("Common Units"), and then were immediately converted into an equal number of shares of the Issuer's Class A Common Shares.
LTIP Units are a class of limited partnership units in 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 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.
/s/ Ashish R. Parikh
2021-09-17