0001063344-23-000036.txt : 20230324 0001063344-23-000036.hdr.sgml : 20230324 20230324165759 ACCESSION NUMBER: 0001063344-23-000036 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230322 FILED AS OF DATE: 20230324 DATE AS OF CHANGE: 20230324 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: 23760584 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_167969146852452.xml FORM 4 X0407 4 2023-03-22 0 0001063344 HERSHA HOSPITALITY TRUST HT 0001273644 PARIKH ASHISH R 44 HERSHA DRIVE HARRISBURG PA 17102 0 1 0 0 Chief Financial Officer 0 LTIP Units 2023-03-22 4 A 0 239304 A Class A Common Shares of Beneficial Interest 239304.0 957239 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 2022 Short Term Incentive Program. /s/ Ashish R. Parikh 2023-03-24