Jackson Hsieh - 28 Nov 2023 Form 4 Insider Report for HERSHA HOSPITALITY TRUST (HT)

Role
Director
Signature
/s/ Ashish R. Parikh
Issuer symbol
HT
Transactions as of
28 Nov 2023
Net transactions value
$0
Form type
4
Filing time
28 Nov 2023, 16:30:14 UTC
Previous filing
23 Jun 2023
Next filing
08 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HT Class A Common Shares of Beneficial Interest Disposed to Issuer -166,815 -100% 0 28 Nov 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jackson Hsieh is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated August 27, 2023, by and among 1776 Portfolio Investment, LLC ("Parent"), 1776 Portfolio REIT Merger Sub, LLC, 1776 Portfolio OP Merger Sub, LP, Hersha Hospitality Limited Partnership, and the Issuer, the Issuer and the OP became subsidiaries of Parent upon consummation of the transactions contemplated by the Merger Agreement (the "Effective Time"). At the Effective Time, (a) each outstanding share of common stock was cancelled and converted into the right to receive $10.00 in cash (the "Merger Consideration"), without interest, and (b) each outstanding award of restricted common shares vested and was cancelled and converted into the right to receive the Merger Consideration.