0001144204-16-087269.txt : 20160310
0001144204-16-087269.hdr.sgml : 20160310
20160310170111
ACCESSION NUMBER: 0001144204-16-087269
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160308
FILED AS OF DATE: 20160310
DATE AS OF CHANGE: 20160310
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Summit Hotel Properties, Inc.
CENTRAL INDEX KEY: 0001497645
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 272962512
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 12600 HILL COUNTRY BOULEVARD
STREET 2: SUITE R-100
CITY: AUSTIN
STATE: TX
ZIP: 78738
BUSINESS PHONE: 512-538-2300
MAIL ADDRESS:
STREET 1: 12600 HILL COUNTRY BOULEVARD
STREET 2: SUITE R-100
CITY: AUSTIN
STATE: TX
ZIP: 78738
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Eng Christopher R.
CENTRAL INDEX KEY: 0001510365
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35074
FILM NUMBER: 161498450
MAIL ADDRESS:
STREET 1: 2701 S. MINNESOTA AVENUE
STREET 2: SUITE 6
CITY: SIOUX FALLS
STATE: SD
ZIP: 57105
4
1
v433973_4.xml
OWNERSHIP DOCUMENT
X0306
4
2016-03-08
0
0001497645
Summit Hotel Properties, Inc.
INN
0001510365
Eng Christopher R.
12600 HILL COUNTRY BLVD., SUITE R-100
AUSTIN
TX
78738
0
1
0
0
See Remarks
Common Stock (Time-Based Vesting)
2016-03-08
4
A
0
10949
0
A
45031
D
Common Stock (Performance-Based Vesting)
2016-03-08
4
A
0
16423
0
A
61423
D
Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2017 (25% of the shares granted), March 9, 2018 (25% of the shares granted) and March 9, 2019 (the remaining 50% of the shares granted).
Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable on March 8, 2019, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2016 and ending March 8, 2019 exceeds at least 25.5% of its peer group, which shall include constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.
EVP, General Counsel, CRO & Sec
/s/ Christopher R. Eng
2016-03-10