Filing Details

Accession Number:
0001209191-10-022964
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-04-20 13:00:00
Reporting Period:
2010-04-19
Filing Date:
2010-04-20
Accepted Time:
2010-04-20 10:24:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1066138 Lodgian Inc LGN Hotels & Motels (7011) 522093696
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1107345 Key Colony Fund Lp 10825 Fiancial Centre Parkway
Suite 100
Little Rock AR 72211
No No Yes No
1221852 R Alex Lieblong 10825 Financial Centre Parkway
Suite 100
Little Rock AR 72211
Yes No Yes No
1336885 Key Colony Management, Llc 10825 Financial Centre Parkway
Suite 100
Little Rock AR 72211
No No No Yes
1336887 J Michael Grondahl 10825 Financial Centre Parkway
Suite 100
Little Rock AR 72211
Yes No No No
1337221 Lieblong & Associates, Inc. 10825 Financial Centre Parkway
Suite 100
Little Rock AR 72211
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2010-04-19 3,004,853 $2.50 0 No 4 S Direct
Common Stock Disposition 2010-04-19 9,000 $2.50 0 No 4 D Indirect See footnote
Common Stock Disposition 2010-04-19 8,500 $2.50 0 No 4 D Indirect See footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 D Indirect See footnote
No 4 D Indirect See footnote
Footnotes
  1. On April 19, 2010 Lodgian, Inc. was acquired by LSREF Lodging Investments, LLC with LSREF paying $2.50 for each share of Lodgian common stock outstanding (the Merger). Dispositions by officer or director reporting persons in the Merger were approved in advance by the Lodgian board of directors. The Merger is more fully described in the Lodgian Proxy Statement initially filed with the SEC on March 5, 2010.
  2. These shares are owned directly by Alex Lieblong, a director of Lodgian, Inc. and a principal of Key Colony Fund, LP, Key Colony Management, LLC and Lieblong & Associates, Inc.
  3. These shares are owned directly by Lieblong & Associates, Inc. Alex R. Lieblong is a shareholder, director and officer of Lieblong & Associates, Inc. and holds voting and dispositive power for the shares held by Lieblong & Associates, Inc. Mr. Lieblong disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.