| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STAY | Paired Shares | Award | $0 | +2.92K | +7.27% | $0.00 | 43.1K | Feb 6, 2020 | Direct | F1, F2 |
| transaction | STAY | Paired Shares | Award | $0 | +14K | +32.57% | $0.00 | 57.2K | Jun 16, 2021 | Direct | F1, F3 |
| transaction | STAY | Paired Shares | Disposed to Issuer | -$1.07M | -57.2K | -100% | $18.75 | 0 | Jun 16, 2021 | Direct | F1, F4 |
Howard J. Weissman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Each Paired Share is comprised of one share of common stock, par value $0.01 per share, of Extended Stay America, Inc. and one share of Class B common stock, par value $0.01 per share, of ESH Hospitality, Inc., which shares are paired and traded as a single unit. A Form 4 reflecting the transactions in Paired Shares by the reporting person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer. This Form 4 is being filed in connection with the merger ("Merger") of a wholly-owned subsidiary of Eagle Parent Holdings L.P. ("Eagle") with and into the Issuer, pursuant to the terms of the certain Agreement and Plan of Merger, dated as of March 14, 2021 (the "Merger Agreement"), between the Issuer and Eagle. The Merger closed on June 16, 2021. |
| F2 | The reported transaction is an award of Restricted Stock Units in respect of Paired Shares that was inadvertently not reported. One-thirds of the Paired Shares underlying the Restricted Stock Units vested on February 6, 2021 and settled in Paired Shares on March 15, 2021. The remaining two-thirds of the Restricted Stock Units were scheduled to vest on each of February 6, 2022 and February 6, 2023, subject to the reporting person's continued employment through the applicable vesting date. Pursuant to the Agreement and Plan of Merger, dated as of March 14, 2021, between the Issuer and Eagle Parent Holdings L.P. ("Eagle"), upon completion of the merger ("Merger") of a wholly-owned subsidiary of Eagle with and into the Issuer, effective June 16, 2021, all of the then-unvested Restricted Stock Units will become fully vested. |
| F3 | Reflects performance-based restricted stock units previously awarded to the reporting person that vested and settled into Paired Shares pursuant to the terms of the Merger Agreement. |
| F4 | Each Paired Share held directly or indirectly by the reporting person at the effective time of the Merger was disposed of for $18.75 in cash, pursuant to the terms of the Merger Agreement. This price does not include the special dividend of $1.75 per Paired Share that the reporting person has the right to receive in connection with the consummation of the Merger. |
Mr. Weissman is the Controller and Chief Accounting Officer of Extended Stay America, Inc. and ESH Hospitality, Inc.