4//SEC Filing
ASHFORD HOSPITALITY TRUST INC 4
Accession 0000909143-17-000021
$AHTCIK 0001232582operating
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 5:41 PM ET
Size
14.3 KB
Accession
0000909143-17-000021
Insider Transaction Report
Form 4
BROOKS DAVID A
COO, Gen. Counsel and Sec.
Transactions
- Award
Performance Stock Units (2017)
2017-03-24+138,000→ 138,000 totalExercise: $0.00From: 2020-03-24Exp: 2020-03-24→ Common Stock - Award
Common Stock
2017-03-24+138,000→ 752,113 total
Holdings
- 88,283
Performance Stock Units (2016)
Exercise: $0.00From: 2019-03-31Exp: 2019-03-31→ Common Stock - 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]The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2011 Stock Incentive Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant.
- [F2]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.
- [F3]The Reporting Person received the Performance Stock Units pursuant to a grant from the Issuer under the Issuer's 2011 Stock Incentive Plan.
- [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 shares of common stock 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 (with respect to the 2016 Performance Stock Units award) and March 24, 2020 (with respect to the 2017 Performance Stock Units award).
- [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 Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 8 discussing the convertibility of the Common Units.
- [F6]Neither the Common Units nor the LTIP Units have as expiration date.
- [F7]Reflects the aggregate number of LTIP Units currently held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those 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 solely 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]Reflects aggregate number of Common Units currently held by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person. See Footnote 8 discussing the convertibility of 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
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 5:41 PM ET
- Size
- 14.3 KB