ASHFORD HOSPITALITY TRUST INC 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed May 18, 2017
Insider Transaction Report
Form 4
KLEISNER FRED J
Director
Transactions
- Award
Special Limited Partnership Units
2017-05-16$0.05/sh+16,151$808→ 16,151 totalExercise: $0.00→ Common Stock
Holdings
- 10,166
Common Stock
Footnotes (4)
- [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 15, 2017, was 0.9428682274 shares of the Issuer's common stock for each Common Unit.
- [F2]The Reporting Person received the LTIP Units award reported herein under the Issuer's 2011 Stock Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors.
- [F3]The LTIP Units have no expiration date.
- [F4]Per LTIP Unit purchase price.