FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
JAMESON INNS INC [ JAMS US ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/17/2005 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 10/07/2004 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 06/17/2005 | 06/20/2005 | S | 4,785 | D | $2.45 | 6,166,309(1) | I(1) | registered investment company(1) | |
Common Stock | 06/17/2005 | 06/20/2005 | S | 696 | D | $2.45 | 6,166,309(1) | I(1) | registered investment company(1) | |
Common Stock | 06/20/2005 | S | 5,766 | D | $2.45 | 6,166,309(1) | I(1) | registered investment company(1) | ||
Common Stock | 06/20/2005 | S | 24,025 | D | $2.45 | 6,166,309(1) | I(1) | registered investment company(1) | ||
Common Stock | 06/17/2005 | 06/20/2005 | S | 522 | D | $2.45 | 6,166,309(1) | I(1) | private funds(1) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. See Remarks |
Remarks: |
The 4,785 shares of the Issuer being reported on this Form were disposed by the TIAA-CREF Institutional Real Estate Securities Fund, a series of the TIAA-CREF Institutional Mutual Funds ("Institutional Funds"), which now owns 2,826,530 shares (or 4.95% of the total shares of the Issuer outstanding). The 696 shares of the Issuer being reported on this Form were disposed by the TIAA-CREF Life Real Estate Securities Fund, a series of the TIAA-CREF Life Funds ("Life Funds"), which now owns 376,768 shares (or 0.66% of the total shares of the Issuer outstanding). The 29,791 shares of the Issuer being reported on this Form were disposed by the Stock Account, an account of College Retirement Equities Fund ("CREF"), which now owns 903,935 shares (or 1.58% of the total shares of the Issuer outstanding). The 522 shares of the Issuer being reported on this Form were disposed by the TCAM Real Estate Securities Fund, a series of the TIAA-CREF Asset Management Commingled Funds Trust I ("TCAM Funds"), which now owns 101,076 shares (or 0.18% of the total shares of the Issuer outstanding). Teachers Insurance and Annuity Association ("TIAA"), as parent of two registered investment advisers, may be deemed to have indirect voting or investment discretion over shares of Issuer's common stock that are beneficially owned by three registered investment companies, the Institutional Funds, the Life Funds and CREF, as well as the TCAM Funds, whose investment advisers are Teachers Advisors, Inc. (in the case of Institutional Funds, Life Funds and TCAM Funds) and TIAA-CREF Investment Management, LLC (in the case of CREF), both of which are wholly owned subsidiaries of TIAA. The filing of this statement should not be construed as an admission that TIAA is, for the purpose of Sections 13 or 16 of the Securities Exchange Act of 1934, the beneficial owner of the shares held by Life Funds, Institutional Funds, TCAM Funds, and CREF. |
/s/ Maureen M. Milet | 06/21/2005 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |