4//SEC Filing
Ashford Hospitality Prime, Inc. 4
Accession 0000909143-16-000101
$BHRCIK 0001574085operating
Filed
Oct 16, 8:00 PM ET
Accepted
Oct 17, 7:04 PM ET
Size
13.3 KB
Accession
0000909143-16-000101
Insider Transaction Report
Form 4
BROOKS DAVID A
COO, General Counsel and Sec.
Transactions
- Award
Performance Stock Units (2016)
2016-10-13+55,361→ 55,361 totalExercise: $0.00From: 2018-12-31Exp: 2018-12-31→ Common Stock (55,361 underlying)
Holdings
- 94,004
Common Stock
- 346,834.2
Common Partnership Units
Exercise: $0.00From: 2014-11-19→ Common Stock (346,834.2 underlying) - 42,154
LTIP Units
Exercise: $0.00→ Common Stock (42,154 underlying) - 48,683
Performance Stock Units (2105)
Exercise: $0.00From: 2017-12-31Exp: 2017-12-31→ Common Stock (48,683 underlying)
Footnotes (9)
- [F1]Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock.
- [F2]Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary").
- [F3]Common limited partnership units ("Common Partnership Units") in the Subsidiary. Common Partnership Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis.
- [F4]Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder return, as determined by the compensation committee of the Board of Directors of the Issuer. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria prior to the end of the specified performance period, the Performance Stock Units, as adjusted, will generally vest on December 31, 2017 (with respect to the 2015 grant) and December 31, 2018 (with respect to the 2016 grant - reported herein).
- [F5]Vested LTIP Units, upon achieving parity with the Common Partnership Units, are convertible into Common Partnership Units at the option of the Reporting Person. Common Partnership Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis.
- [F6]The LTIP Units reported herein vest and are convertible in three equal installments over a three-year term from the date of the award.
- [F7]Includes LTIP Units previously granted to, and reported by, the Reporting Person having different grant and vesting dates, some of which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein for reporting purposes.
- [F8]Aggregate Common Partnership Units currently beneficially owned by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person.
- [F9]Neither the Common Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date.
Documents
Issuer
Ashford Hospitality Prime, Inc.
CIK 0001574085
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001574085
Filing Metadata
- Form type
- 4
- Filed
- Oct 16, 8:00 PM ET
- Accepted
- Oct 17, 7:04 PM ET
- Size
- 13.3 KB