-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q91zN9loMl+2bdBP40brQfsIMTYMbUrQRzOQi0NmaPwM9YF7OD9XOtNfdZP7zRQh zs9f62qwo98ROWbKtcXmKA== 0000899078-03-000106.txt : 20030214 0000899078-03-000106.hdr.sgml : 20030214 20030214181656 ACCESSION NUMBER: 0000899078-03-000106 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030213 FILED AS OF DATE: 20030214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FELCOR LODGING TRUST INC CENTRAL INDEX KEY: 0000923603 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 752541756 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14236 FILM NUMBER: 03569503 BUSINESS ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY STREET 2: SUITE 1300 CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 9724444900 MAIL ADDRESS: STREET 1: 545 E JOHN CARPENTER FREEWAY STREET 2: SUITE 1300 CITY: IRVING STATE: TX ZIP: 75062 FORMER COMPANY: FORMER CONFORMED NAME: FELCOR SUITE HOTELS INC DATE OF NAME CHANGE: 19940523 REPORTING-OWNER: COMPANY DATA: COMPANY CONFORMED NAME: CORCORAN THOMAS J JR CENTRAL INDEX KEY: 0001035263 RELATIONSHIP: OFFICER FILING VALUES: FORM TYPE: 4 BUSINESS ADDRESS: STREET 1: 545 E JOHN CARPENTER STREET 2: STE 1300 CITY: IRVINE STATE: TX ZIP: 75062 BUSINESS PHONE: 9724444908 MAIL ADDRESS: STREET 1: 545 E JOHN CARPENTER STREET 2: STE 1300 CITY: IRVING STATE: TX ZIP: 75062 4 1 feb132003-form4.txt FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 [ ] Check this box if OMB APPROVAL no longer subject OMB Number 3235-0287 to Section 16. Form 4 Expires: January 31,2005 or Form 5 obligations Estimated ave. burden may continue. See hours per response...0.5 instruction 1(b). Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act 1940
- ---------------------------------------------------------------------------------------------------------------------------- 1.Name and Address of 2.Issuer Name and Ticker or Trading Symbol 6.Relationship of Reporting Reporting Person* Person(s) to Issuer FelCor Lodging Trust Incorporated (FCH) (check all applicable) ---------------------------------------------- Corcoran, Jr. Thomas J. 3. I.R.S. Identification 4. Statement for X Director 10% Owner - --------------------------------------- Number of Reporting Month/Day/Year --- --- (Last) (First) (MI) Person, if an entity X Officer Other (Voluntary) 02/13/03 --- (give title --- (specify 545 East John Carpenter Frwy, Ste 1300 ----------------- below) below) - ---------------------------------------- ------------------------- 5. If Amendment, President and CEO (Street) Date of Original ----------------------------------- Irving TX 75062 (Month/Day/Year) 7.Individual or Joint/Group - ---------------------------------------- Filing (Check Applicable (City) (State) (Zip) ------------------- Line) X Form filed by One Reporting Person --- Form filed by More than One --- Reporting Person
- ----------------------------------------------------------------------------------------------------------------------------------- Table I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned - ----------------------------------------------------------------------------------------------------------------------------------- 1. Title of Security 2. Transaction 2A. 3. Transaction 4. Security Acquired (A) 5. Amount of 6. Owner 7. Nature of (Instr.3) Date Deemed Code or Disposed of (D) Securities ship Indirect (Month/ Execution (Instr.8) (Inst.3, 4 & 5) Beneficially Form: Beneficial Day/Yr) Date, if ----------------------------------------- Owned Direct Owner- any Following (D) or Ship (Month/ Reported Indirect Day/ (A) Transaction(s) (I) Year) or (Instr. 3 and 4) (Instr. 4) (Instr. 4) Code V Amount (D) Price - ---------------------- -------------- --------- ----- ----- ----------- ---- ------ ---------------- ---------- --------- - ---------------------- -------------- --------- ----- ----- ----------- ---- ------ ---------------- ---------- --------- - ---------------------- -------------- --------- ----- ----- ----------- ---- ------ ---------------- ---------- --------- - ---------------------- -------------- --------- ----- ----- ----------- ---- ------ ---------------- ---------- --------- - ---------------------- -------------- --------- ----- ----- ----------- ---- ------ ---------------- ---------- ---------
Page 1 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).
- ------------------------------------------------------------------------------------------------------------------------ Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) - ------------------------------------------------------------------------------------------------------------------------ 1. Title of 2. Conversion 3. Transaction 3A. Deemed 4. Transaction 5. Number of Deriv- Derivative or Exercise Date (Month Execution Code ative Securities Ac- Security Price of (Day/Year) Date, if (Instr. 8) quired (A) or Dis- (Instr.3) Derivative any posed of (D) Security (Month/ (Instr. 3,4, and 5) Day/Year) Code V (A) (D) Forward Contract (1) 2/13/03 J/K 1 (right/obligation to sell) (1) - ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- Forward Contract (1) 2/14/03 J/K (right/obligation to sell) (1) 1 - ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- - ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- - ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ---------- - ------------------------------- ------------ ----------- ------------ ----- ---- ---------- ----------
6. Date Exercisable 7. Title & Amount of 8. Price 9. Number 10. Owner- 11. Nature & Expiration Date Underlying Securities of Deriv- of Deriv- ship of (Mon./Day/Year) (Inst. 3 & 4) ative ative Form of Indirect Secur- Secur- Deriv- Benefi- ity ities ative cial (Instr. 5) Bene- Security: Owner- ficially (D) or ship Owned Indirect (Instr. 4) Follow- (I) ing (Instr. 4) Reported Trans- action(s) (Instr. 4) - --------------------------------------------------------------------------------------------------------------------------------- Date Expira- Title Amount or number Exer- tion of Shares cisable Date 8/13/04 Common Stock 219,125 - ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- By FelCor, 8/13/04 Common Stock 50,000 2 I Inc. - ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- - ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- - ----------- -------------- --------------- ------------- ---------- ----------- ------------ ---------- - ----------- -------------- --------------- ------------- ---------- ----------- ------------ ----------
Explanation of Responses: (1) See Attachment to this Form 4.
/s/ Thomas J. Corcoran, Jr. 2/14/03 **Intentional misstatements or omissions of facts constitute Federal ------------------------------------------ Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Attachment to Form 4 Name of designated filer: Thomas J. Corcoran, Jr. Address of designated filer: 545 E. John Carpenter Frwy., Suite 1300 Irving, Texas 75062 Statement for Month/Day/Year February 13, 2003 Issuer Name and Ticker or Trading Symbol: FelCor Lodging Trust Incorporated (FCH) Transaction of February 13, 2003 On February 13, 2003, FelCor, Inc., a private corporation of which Thomas J. Corcoran, Jr. is a director, the president and a 50% stockholder, entered into a Forward Purchase Contract ("Contract 1") with Deutsche Bank AG ("DB") with respect to 219,125 shares ("Contract 1 Amount") of common stock of FelCor Lodging Trust Incorporated ("FCH"). On February 13, 2003, FelCor, Inc. deposited 219,125 common units of limited partner interest in FelCor Lodging Limited Partnership ("Units") into a collateral account with DB. The Units are redeemable for a like number of shares of common stock of FCH. The purchase price payable to FelCor, Inc. under Contract 1 is $1,282,341.41, representing 87% of an aggregate contract price of $1,473,966.23, or $6.7266 per underlying share of FCH common stock ("Floor Price 1"). On August 13, 2004, or the earlier termination of Contract 1 ("Settlement Date 1"), FelCor, Inc. will have the right to settle its obligations to DB with respect to the Contract 1 Amount by redeeming Units and delivering to DB from the collateral account a number of shares of FCH common stock (or at the option of FelCor, Inc., the cash equivalent of such shares) equal to "Settlement Amount 1." Settlement Amount 1 will be determined as follows: (i) if the closing price per share of FCH common stock on August 13, 2004 ("Settlement Value 1"), is less than or equal to Floor Price 1, then Settlement Amount 1 will be equal to the Contract 1 Amount; (ii) if Settlement Value 1 is greater than Floor Price 1, but less than or equal to $8.0719 per share ("Threshold Price 1"), then Settlement Amount 1 will be equal to that number of shares of FCH common stock equal to the product of the Contract 1 Amount multiplied by a fraction, the numerator of which is Floor Price 1 and the denominator of which is Settlement Value 1; and (iii) if Settlement Value 1 is greater than Threshold Price 1, then Settlement Amount 1 will be equal to that number of shares of FCH common stock equal to the Contract 1 Amount minus the result of dividing (a) the product of (X) the difference between Threshold Price 1 and Floor Price 1 multiplied by (Y) the Contract 1 Amount by (b) Settlement Value 1. Transaction of February 14, 2003 On February 14, 2003, FelCor, Inc. entered into a second Forward Purchase Contract ("Contract 2") with Deutsche Bank AG ("DB") with respect to 50,000 shares ("Contract 2 Amount") of FCH common stock. On February 14, 2003, FelCor, Inc. deposited an additional 50,000 Units into a collateral account with DB. The Units are redeemable for a like number of shares of common stock of FCH. The purchase price payable to FelCor, Inc. under Contract 2 is $285,965.00, representing 87% of an aggregate contract price of $328,695.00, or $6.5739 per underlying share of FCH common stock ("Floor Price 2"). On August 13, 2004, or the earlier termination of Contract 2 ("Settlement Date 2"), FelCor, Inc. will have the right to settle its obligations to DB with respect to the Contract 2 Amount by redeeming Units and delivering to DB from the collateral account a number of shares of FCH common stock (or at the option of FelCor, Inc., the cash equivalent of such shares) equal to "Settlement Amount 2." Settlement Amount 2 will be determined as follows: (i) if the closing price per share of FCH common stock on August 13, 2004 ("Settlement Value 2"), is less than or equal to Floor Price 2, then Settlement Amount 2 will be equal to the Contract 2 Amount; (ii) if Settlement Value 2 is greater than Floor Price 2, but less than or equal to $7.8887 per share ("Threshold Price 2"), then Settlement Amount 2 will be equal to that number of shares of FCH common stock equal to the product of the Contract 2 Amount multiplied by a fraction, the numerator of which is Floor Price 2 and the denominator of which is Settlement Value 2; and (iii) if Settlement Value 2 is greater than Threshold Price 2, then Settlement Amount 2 will be equal to that number of shares of FCH common stock equal to the Contract 2 Amount minus the result of dividing (a) the product of (X) the difference between Threshold Price 2 and Floor Price 2 multiplied by (Y) the Contract 2 Amount by (b) Settlement Value 2. -----END PRIVACY-ENHANCED MESSAGE-----