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Filing Details

Accession Number:: 0001140361-17-018641
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-05 17:18:13
Reporting Period:: 2017-05-03

Filing Date:: 2017-05-05
Accepted Time:: 2017-05-05 17:18:13
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1581164	Extended Stay America Inc.	STAY	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1035674	Paulson & Co. Inc.	1251 Avenue Of The Americas New York NY 10020		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Paired Shares	Disposition	2017-05-03	10,000,000	$17.23	10,086,590	No	4	S	Indirect	By Managed Funds and Accounts
Paired Shares	Disposition	2017-05-03	250,000	$17.23	9,836,590	No	4	S	Indirect	By Managed Funds and Accounts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Managed Funds and Accounts
No	4	S	Indirect	By Managed Funds and Accounts

Footnotes

Paulson & Co. Inc. ("Paulson") is an investment advisor registered under the Investment Advisors Act of 1940. Paulson & Co. Inc., and/or its affiliates (collectively, "Paulson") serve as the investment manager of (i) Paulson Advantage L.P., (ii) Paulson Advantage Ltd., (iii) Paulson Advantage II L.P., (iv) Paulson Advantage Plus II L.P., (v) Paulson Advantage Plus II Ltd., (vi) ESA Recovery Acquisition, LLC, (vii) Paulson Credit Opportunities, L.P., (viii) Paulson Credit Opportunities PEQ1 Ltd., (ix) Paulson Credit Opportunities II PEQ1 Ltd., (x) Paulson Credit Opportunities IV L.P., (xi) Paulson Special Situations Fund, LP, (xii) Paulson Special Situations Fund PEQ1 Ltd., (xiii) PCO EN LLC, and (xiv) PCO PP LLC (collectively, the "Paired Share Funds").
John Paulson is the controlling person of Paulson. All Paired Shares reported on this Form 4 are owned by the Paired Share Funds. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Paired Share Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form.
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 Person shown on this Form 4 has been concurrently filed with respect to ESH Hospitality, Inc. as issuer.
In connection with the secondary offering of Paired Shares by certain selling shareholders pursuant to an underwriting agreement (the "Underwriting Agreement") and prospectus supplement, each dated April 27, 2017 (the "Secondary Offering"), the Reporting Person, as a selling shareholder, sold Paired Shares in the amounts shown in the above table. The Secondary Offering closed on May 3, 2017. This amount represents an aggregate price per Paired Share of $17.23.
Concurrent with the closing of the Secondary Offering, Extended Stay America, Inc. and ESH Hospitality, Inc. repurchased 250,000 Paired Shares from the Reporting Person at a price of $17.23 per Paired Share.