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