4//SEC Filing
ASHFORD HOSPITALITY TRUST INC 4
Accession 0000909143-16-000078
$AHTCIK 0001232582operating
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:19 PM ET
Size
6.5 KB
Accession
0000909143-16-000078
Insider Transaction Report
Form 4
Gupta Amish
Director
Transactions
- Award
Special Limited Partnership Units
2016-05-17$0.05/sh+16,979$849→ 36,111 totalExercise: $0.00→ Common Stock (16,100 underlying)
Footnotes (5)
- [F1]Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into Common Units at the option of the Reporting Person. Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock based on a conversion ratio described in the partnership agreement of Subsidiary, which, on May 17, 2016, was 0.9482283103 of the Issuer's common stock for each Common Unit.
- [F2]The LTIP Units reported herein were issued as an annual award under the Issuer's 2011 Stock Incentive Plan.
- [F3]The LTIP Units have no expiration date.
- [F4]Per LTIP Unit purchase price.
- [F5]Includes LTIP Units previously granted to, and reported by, the Reporting Person having different grant and vesting dates, some of which have achieved parity with the Common Units.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001232582
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:19 PM ET
- Size
- 6.5 KB