Kapila K. Anand - Jun 16, 2021 Form 4 Insider Report for ESH Hospitality, Inc. (NONE)

Role
Director
Signature
/s/ Christopher Dekle, Attorney-in-Fact for Kapila K. Anand
Stock symbol
NONE
Transactions as of
Jun 16, 2021
Transactions value $
-$796,894
Form type
4
Date filed
6/21/2021, 05:32 PM
Previous filing
Jun 9, 2021
Next filing
Jul 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Paired Shares Disposed to Issuer -$769K -41K -100% $18.75* 0 Jun 16, 2021 Direct F1, F2
transaction NONE Paired Shares Disposed to Issuer -$28.1K -1.5K -100% $18.75* 0 Jun 16, 2021 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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. 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 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.
F3 These Paired Shares are held through an individual retirement account for which the reporting person is a fiduciary.