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