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APLE Apple Hospitality REIT Inc

14.71
-0.15 (-1.01%)
After Hours
Last Updated: 21:01:36
Delayed by 15 minutes
Share Name Share Symbol Market Type
Apple Hospitality REIT Inc NYSE:APLE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -1.01% 14.71 14.86 14.605 14.80 1,817,628 21:01:36

Statement of Changes in Beneficial Ownership (4)

14/01/2021 11:07pm

Edgar (US Regulatory)


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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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 *

KNIGHT JUSTIN G
2. Issuer Name and Ticker or Trading Symbol

Apple Hospitality REIT, Inc. [ APLE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
CEO
(Last)          (First)          (Middle)

814 EAST MAIN STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

1/12/2021
(Street)

RICHMOND, VA 23219
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 Shares 1/12/2021  J(1)  9837031.0000 (2)A$0 (3)9837031.0000 I In closely held LLC 
Common Shares         1285549.0000 D  
Common Shares         32807.0000 I By J. Knight Generation Skipping Irrevocable Trust 
Common Shares         304504.0000 (2)I By JAMN Limited Partnership, LLP 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) As part of his estate planning, on December 29, 2020, Glade Knight contributed 9,837,031 APLE common shares, among other assets, to a limited liability company, created to manage family investments, of which he was the sole member and manager (the "LLC"). Following the contribution to the LLC, Glade Knight sold the 99% non-voting membership interest (the "Interest") in the LLC to an irrevocable trust (the "Estate Planning Trust") which Glade Knight, as settlor, established and funded for the benefit of his children and other descendants. Justin Knight and Nelson Knight are trustees of the Estate Planning Trust. Glade Knight is the manager and sole voting member of the LLC and continues to have the sole power to vote and the sole power to transfer the shares held by the LLC.
(2) The reporting person disclaims beneficial ownership of the reported shares to the extent the shares reported exceed the reporting person's pecuniary interest in such shares.
(3) The price at which the non-voting membership interest in the LLC was sold to the Estate Planning Trust reflects a discount, taking into account the valuation of the non-voting membership interest in the LLC, to the average of the high and low share price for APLE's common shares on the New York Stock Exchange on January 11, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
KNIGHT JUSTIN G
814 EAST MAIN STREET
RICHMOND, VA 23219
X
CEO

Signatures
/s/ Kelly C. Clarke, Attorney-in-fact1/14/2021
**Signature of Reporting PersonDate

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