ASHFORD HOSPITALITY TRUST INC 4/A
4/A · ASHFORD HOSPITALITY TRUST INC · Filed Jun 20, 2008
Insider Transaction Report
Form 4/AAmended
KIMICHIK DAVID J
CFO and Treasurer
Transactions
- Award
Special Limited Partnership Units
2008-03-21$0.05/sh+125,000$6,250→ 125,000 totalExercise: $0.00→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary. Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units, are convertible into Common Limited Partnership Units at the option of the Reporting Person. Common Limited Partnership Units are convertible into cash or, at the option of the Issuer, into shares of the Issuer's common stock on a 1-for-1 basis. The LTIP Units were issued under the Issuer's Amended and Restated 2003 Stock Incentive Plan.
- [F2]The LTIP Units vest and are convertible as follows: September 1, 2008 (10%), September 1, 2009 (15%), September 1, 2010 (15%), September 1, 2011 (15%), September 1, 2012 (45%).
- [F3]The LTIP Units have no expiration date.
- [F4]Per LTIP Unit purchase price.