Stephen P. Joyce - 30 Jun 2021 Form 4 Insider Report for Hospitality Investors Trust, Inc.

Role
Director
Signature
/s/ Stephen P. Joyce
Issuer symbol
N/A
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
01 Jul 2021, 06:21:00 UTC
Next filing
12 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Other -22,598 -100% 0 30 Jun 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 30, 2021, as further described in the Current Report on Form 8-K filed by Hospitality Investors Trust, Inc. (the "Company") on July 1, 2021, the joint prepackaged Chapter 11 plan of reorganization previously filed by the Company in the United States Bankruptcy Court for the District of Delaware (the "Plan") became effective.
F2 When the Plan became effective, pursuant to the terms thereof, each share of the Company's common stock outstanding immediately prior to the effectiveness of the Plan was cancelled and exchanged for a right to receive contingent cash payments pursuant to a contingent value rights agreement entered into as of the effectiveness of the Plan in the form attached as an exhibit to the Plan.