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Sec Form 4 Filing - Centerbridge Credit Partners General Partner L.P. @ ESH Hospitality Inc. - 2016-12-16

  1. About Form 4 Filing: Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the U.S. Securities and Exchange Commission (SEC) a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.
  2. Form 4 is stored in SEC's EDGAR database. EDGAR is Electronic Data Gathering, Analysis and Retrieval System. It is a registered trademark of the SEC.

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Centerbridge Credit Partners General Partner, L.P.
2. Issuer Name and Ticker or Trading Symbol
ESH Hospitality, Inc. [ NONE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
375 PARK AVENUE, 12TH FLOOR,
3. Date of Earliest Transaction (MM/DD/YY)
12/16/2016
(Street)
NEW YORK, NY10152
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Paired Shares 12/16/2016 S( 13 ) 860,759 D $ 16.41 5,250,871 I See Footnotes ( 1 ) ( 2 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 1,054,751 D $ 16.41 6,434,272 I See Footnotes ( 1 ) ( 3 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 369,489 D $ 16.41 2,253,987 I See Footnotes ( 1 ) ( 4 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 1,006,079 D $ 16.41 6,818,961 I See Footnotes ( 1 ) ( 5 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 1,005,703 D $ 14.76 6,816,419 I See Footnotes ( 1 ) ( 6 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 70,753 D $ 16.41 453,205 I See Footnotes ( 1 ) ( 7 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Paired Shares 12/16/2016 S( 13 ) 7,466 D $ 16.41 45,543 I See Footnotes ( 1 ) ( 8 ) ( 9 ) ( 10 ) ( 11 ) ( 12 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Centerbridge Credit Partners General Partner, L.P.
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Centerbridge Credit Cayman GP, Ltd.
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Centerbridge Credit Partners Offshore General Partner, L.P.
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Centerbridge Associates, L.P.
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Centerbridge Cayman GP Ltd.
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Aronson Jeffrey
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Gallogly Mark T
375 PARK AVENUE, 12TH FLOOR
NEW YORK, NY10152
X
Signatures
Centerbridge Credit Partners General Partner, L.P.; By: Centerbridge Credit Cayman GP Ltd., its general partner; By: /s/ Susanne V. Clark, Authorized Signatory 12/20/2016
** Signature of Reporting Person Date
Centerbridge Credit Cayman GP Ltd.; By: /s/ Susanne V. Clark, Authorized Signatory 12/20/2016
** Signature of Reporting Person Date
Centerbridge Credit Partners Offshore General Partner, L.P.; By: Centerbridge Credit Cayman GP Ltd.; By: /s/ Susanne V. Clark, Authorized Signatory 12/20/2016
** Signature of Reporting Person Date
Centerbridge Associates, L.P.; By: Centerbridge Cayman GP Ltd.; By: /s/ Susanne V. Clark, Authorized Signatory 12/20/2016
** Signature of Reporting Person Date
Centerbridge Cayman GP Ltd.; By: /s/ Susanne V. Clark, Authorized Signatory 11/20/2016
** Signature of Reporting Person Date
/s/ Jeffrey H. Aronson 12/20/2016
** Signature of Reporting Person Date
/s/ Mark T. Gallogly 12/20/2016
** Signature of Reporting Person Date
Explanation of Responses:
( 1 )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 holdings of Paired Shares by the Reporting Persons shown on this Form 4 has been concurrently filed with respect to Extended Stay America, Inc. as issuer.
( 2 )These Paired Shares are directly held by Centerbridge Credit Partners, L.P.
( 3 )These Paired Shares are directly held by Centerbridge Credit Partners TE Intermediate I, L.P.
( 4 )These Paired Shares are directly held by Centerbridge Credit Partners Offshore Intermediate III, L.P.
( 5 )These Paired Shares are directly held by Centerbridge Capital Partners AIV VI-A, L.P.
( 6 )These Paired Shares are directly held by Centerbridge Capital Partners AIV VI-B, L.P.
( 7 )These Paired Shares are directly held by Centerbridge Capital Partners Strategic AIV I, L.P.
( 8 )These Paired Shares are directly held by Centerbridge Capital Partners SBS, L.P.
( 9 )Centerbridge Credit Partners General Partner, L.P. is the general partner of Centerbridge Credit Partners, L.P. and Centerbridge Credit Partners TE Intermediate I, L.P. Centerbridge Credit Partners Offshore General Partner, L.P. is the general partner of Centerbridge Credit Partners Offshore Intermediate III, L.P. Centerbridge Credit Cayman GP Ltd. is the general partner of Centerbridge Credit Partners General Partner, L.P. and Centerbridge Credit Partners Offshore General Partner, L.P. Centerbridge Associates, L.P. is the general partner of Centerbridge Capital Partners AIV VI-A, L.P., Centerbridge Capital Partners AIV VI-B, L.P. and Centerbridge Capital Partners Strategic AIV I, L.P. Centerbridge Cayman GP Ltd. is the general partner of Centerbridge Associates, L.P. CCP SBS GP, LLC is the general partner of Centerbridge Capital Partners SBS, L.P. (continued in Footnote 10)
( 10 )(continued from Footnote 9) Jeffrey H. Aronson and Mark T. Gallogly, the managing members of CCP SBS GP, LLC and the directors of Centerbridge Credit Cayman GP Ltd. and Centerbridge Cayman GP Ltd., share the power to vote and invest the Paired Shares and shares of voting preferred stock held by Centerbridge Credit Partners, L.P., Centerbridge Credit Partners TE Intermediate I, L.P., Centerbridge Credit Partners Offshore Intermediate III, L.P., Centerbridge Capital Partners AIV VI-A, L.P., Centerbridge Capital Partners AIV VI-B, L.P., Centerbridge Capital Partners Strategic AIV I, L.P. and Centerbridge Capital Partners SBS, L.P. (continued in Footnote 11)
( 11 )(continued from Footnote 10) Each of the Centerbridge entities (other than the Centerbridge entities that directly hold Paired Shares to the extent of their direct holdings) and Messrs. Gallogly and Aronson may be deemed to beneficially own the Paired Shares and shares of Preferred Stock beneficially owned by such direct holders directly or indirectly controlled by it or him, but each disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.
( 12 )Due to the limitations of the Securities and Exchange Commission's EDGAR system, Centerbridge Credit Partners, L.P., Centerbridge Credit Partners TE Intermediate I, L.P., Centerbridge Credit Partners Offshore Intermediate III, L.P., Centerbridge Capital Partners AIV VI-A LP, Centerbridge Capital Partners AIV VI-B LP, Centerbridge Capital Partners Strategic AIV I, L.P. and Centerbridge Capital Partners SBS, L.P. have filed a separate Form 4.
( 13 )The Reporting Persons, as selling shareholders, sold Paired Shares in the aggregate amounts shown in the table above concurrently in (a) a secondary offering of Paired Shares by certain selling shareholders in an underwritten offering pursuant to an underwriting agreement (the "Underwriting Agreement") and prospectus supplement, each dated December 12, 2016, and (b) a share repurchase by Extended Stay America, Inc. and ESH Hospitality, Inc. pursuant to a share repurchase agreement (the "Share Repurchase Agreement"), dated December 7, 2016.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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