Initial Statement of Beneficial Ownership (3)
19 Janvier 2022 - 11:11PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Bright Force Investment, LLC |
2. Date of Event Requiring Statement (MM/DD/YYYY)
1/13/2022
|
3. Issuer Name and Ticker or Trading Symbol
Summit Hotel Properties, Inc. [INN]
|
(Last)
(First)
(Middle)
1785 STATE HIGHWAY 26, SUITE 400 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director ___X___ 10% Owner _____ Officer (give title below) _____ Other (specify below)
|
(Street)
GRAPEVINE, TX 76051
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Beneficially Owned
|
1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Partnership Units (1)(2) | (3) | (3) | Common Stock | 14355904 | (2) | I | See Footnote (4) |
Explanation of Responses: |
(1) | Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Operating Partnership may, at its election, cause the Issuer to acquire some or all of the OP Units so presented on a one-for-one basis for shares of the Issuer's common stock. |
(2) | OP Units issued in connection with the consummation of the contribution of certain properties to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC. |
(3) | Up to 991,542 OP Units may be redeemed immediately and the remaining 13,364,362 OP Units may be redeemed at any time after July 13, 2022. These redemption rights have no expiration date. |
(4) | Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Bright Force Investment, LLC 1785 STATE HIGHWAY 26, SUITE 400 GRAPEVINE, TX 76051 |
| X |
|
|
NewcrestImage Holdings, LLC 1785 STATE HIGHWAY 26, SUITE 400 GRAPEVINE, TX 76051 |
| X |
|
|
Signatures
|
BRIGHT FORCE INVESTMENT, LLC By: /s/ Chirag Patel Name: Chirag Patel Title: Manager | | 1/18/2022 |
**Signature of Reporting Person | Date |
NEWCRESTIMAGE HOLDINGS, LLC By: /s/ Chirag Patel Name: Chirag Patel Title: Manager | | 1/18/2022 |
**Signature of Reporting Person | Date |
Summit Hotel Properties (NYSE:INN-E)
Graphique Historique de l'Action
De Jan 2025 à Fév 2025
Summit Hotel Properties (NYSE:INN-E)
Graphique Historique de l'Action
De Fév 2024 à Fév 2025
Real-Time news about Summit Hotel Properties Inc (New York Stock Exchange): 0 recent articles
Plus d'articles sur Summit Hotel Properties, Inc.