PATEL KANTI D 4

4 · HERSHA HOSPITALITY TRUST · Filed Jan 5, 2004

Form 4

Period: 2004-10-22

Director

Transactions

Sale
Limited Partnership Units
2003-10-22$8.00/sh−362,197$2,897,576→ 282,393 total
From: 1999-01-26→ Common Shares (362,197 underlying)
Sale
Options to Acquire Limited Partnership Units
2003-12-29$2.17/sh+183,992$399,263→ 0 total
Exercise: $6.00From: 1999-01-26Exp: 2004-01-26→ Limited Partnership Units (183,992 underlying)

Footnotes (5)

[F1]These Limited Partnership Units were redeemed for cash in connection with the Issuer's public offering of common shares closed on October 21, 2003, as disclosed in the Registration Statement on Form S-2 (File No. 333-109100) filed in connection with that offering.
[F2]Limited Partnership Units are redeemable for cash or Class B common shares on a one-for-one basis.
[F3]No expiration date.
[F4]Cancellation of options to acquire Limited Partnership Units issued and exercisable in connection with the Stock Appreciation Rights Plan maintained for the benefit of employees of Issuer's affiliated management company in exchange for an aggegate payment of $399,152.78, which was used to fund exercises of SARs held by employees of the management company. Mr. Patel did not retain any proceeds of this transaction.
[F5]Not exercisable unless the closing price per common share exceeds $9.00 for at least 20 trading days preceding the exercise.

Documents

1 file