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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1066138	Lodgian Inc	LGN	Hotels & Motels (7011)	522093696

Insiders

Cik	Name	Reported Address	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	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-04-19	3,004,853	$2.50	No	4	S	Direct
Common Stock	Disposition	2010-04-19	9,000	$2.50	No	4	D	Indirect	See footnote
Common Stock	Disposition	2010-04-19	8,500	$2.50	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

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.
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.
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.