Sec Form 4 Filing - Calahan Thomas @ CONDOR HOSPITALITY TRUST, INC. - 2019-01-02

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 Calahan Thomas 2. Issuer Name and Ticker or Trading Symbol CONDOR HOSPITALITY TRUST, INC. [ CDOR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 4800 MONTGOMERY LANE, SUITE 220 3. Date of Earliest Transaction (MM/DD/YY) 01/02/2019 (Street) BETHESDA, MD20814 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ 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 Common Stock 01/02/2019 A 899 ( 1 ) A $ 0 2,895,697 ( 2 ) ( 3 ) I By SREP III Flight-Investco, L.P. ( 2 ) ( 3 ) Common Stock 01/02/2019 J 2,895,697 ( 2 ) ( 3 ) D $ 0 0 I By SREP III Flight-Investco, L.P. ( 2 ) ( 3 ) Common Stock 01/02/2019 A 457 ( 4 ) A $ 0 457 D

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 Calahan Thomas 4800 MONTGOMERY LANE SUITE 220 BETHESDA, MD20814 X Signatures /s/ Lauren Green for Thomas Calahan 01/04/2019 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pro-rata portion of Shares issued under the Company's 2016 Stock Plan for director fees for the quarter ended December 31, 2018. ( 2 )Shares issued under the Company's 2016 Stock Plan for director fees while Mr. Calahan was an employee of StepStone Group Real Estate L.P. Since Mr. Calahan ceased to be an employee of StepStone Group Real Estate L.P. on November 30, 2018, he is discontinuing reporting of these shares with this report. StepStone Group Real Estate L.P. is the sole member and investment manager of StepStone Rep III (GP), LLC, the general partner of SREP III Flight-Investco, L.P., the record holder of the shares. As Mr. Calahan's employment terms with respect to these shares provided that all director fees received by him are for the sole benefit of SREP III Flight-Investco, L.P., (continued at Footnote 3) ( 3 )(Continued from Footnote 2) Mr. Calahan during the time of his employment may have been deemed a participant in the control of the voting, disposition or purchase of these shares and thus may have been deemed to share beneficial ownership of these shares. Mr. Calahan disclaims beneficial ownership of these shares and any pecuniary interest therein. The inclusion of these shares in his prior reports shall not be an admission of beneficial ownership. ( 4 )Pro-rata portion of Shares issued under the Company's 2016 Stock Plan for director fees for the quarter ended December 31, 2018.

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