4//SEC Filing
ASHFORD HOSPITALITY TRUST INC 4
Accession 0000909143-17-000016
$AHTCIK 0001232582operating
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 7:34 PM ET
Size
11.8 KB
Accession
0000909143-17-000016
Insider Transaction Report
Form 4
BROOKS DAVID A
COO, Gen. Counsel and Sec.
Transactions
- Tax Payment
Common Stock
2017-03-20$6.05/sh−27,753$167,906→ 614,113 total
Holdings
- 88,283
Performance Stock Units
Exercise: $0.00From: 2019-03-31Exp: 2026-03-31→ Common Stock (88,283 underlying) - 54,200
Special Limited Partnership Units
Exercise: $0.00→ Common Stock - 1,253,902
Common Limited Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (9)
- [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.
- [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]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 March 31, 2019.
- [F5]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 March 20, 2017, was 0.9376156105 shares of the Issuer's common stock for each Common Unit.
- [F6]Neither the Common Units nor the LTIP Units have as expiration date.
- [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 Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein for reporting purposes.
- [F8]Common Units currently held by 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 March 20, 2017, was 0.9376156105 shares of the Issuer's common stock for each Common Unit.
- [F9]Aggregate Common Units currently beneficially owned by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001232582
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 7:34 PM ET
- Size
- 11.8 KB