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