4//SEC Filing
Ashford Hospitality Prime, Inc. 4
Accession 0000909143-17-000012
$BHRCIK 0001574085operating
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 6:24 PM ET
Size
13.3 KB
Accession
0000909143-17-000012
Insider Transaction Report
Form 4
BROOKS DAVID A
COO, General Counsel and Sec.
Transactions
- Tax Payment
Common Stock
2017-03-20$10.58/sh−1,126$11,913→ 92,878 total
Holdings
- 55,361
Performance Stock Units (2016)
Exercise: $0.00From: 2018-12-31Exp: 2018-12-31→ Common Stock (55,361 underlying) - 48,683
Performance Stock Units (2015)
Exercise: $0.00From: 2017-12-31Exp: 2017-12-31→ Common Stock (48,683 underlying) - 14,052
LTIP Units
Exercise: $0.00→ Common Stock (14,052 underlying) - 374,936.2
Common Partnership Units
Exercise: $0.00From: 2014-11-19→ Common Stock (374,936.2 underlying)
Footnotes (11)
- [F1]Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
- [F10]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.
- [F11]Neither the Common Units nor vested LTIP Units have an expiration date.
- [F2]Represents the closing price of the common stock on March 20, 2017, the date of forfeiture.
- [F3]Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved.
- [F4]Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary").
- [F5]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.
- [F6]Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of Performance Stock Units to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, 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).
- [F7]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.
- [F8]The LTIP Units vest and are convertible in three equal installments over a three-year term from the date of the award (as previously reported).
- [F9]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.
Documents
Issuer
Ashford Hospitality Prime, Inc.
CIK 0001574085
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001574085
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 6:24 PM ET
- Size
- 13.3 KB