4//SEC Filing
Ashford Hospitality Prime, Inc. 4
Accession 0001104659-15-038284
$BHRCIK 0001574085operating
Filed
May 13, 8:00 PM ET
Accepted
May 14, 8:01 PM ET
Size
8.8 KB
Accession
0001104659-15-038284
Insider Transaction Report
Form 4
MURPHY W MICHAEL
Director
Transactions
- Award
LTIP Units
2015-05-12$0.05/sh+3,200$160→ 7,500 totalExercise: $0.00→ Common Stock (3,200 underlying)
Holdings
- 1,100
Common Partnership Units
Exercise: $0.00→ Common Stock (1,100 underlying) - 15,260
Common Stock
Footnotes (4)
- [F1]Includes shares issued to the Reporting Person in connection with the spin-off (the "Spin-Off") of Ashford Prime from Ashford Hospitality Trust, Inc. ("Ashford Trust") on November 19, 2013, pursuant to which the Reporting Person received one share of Ashford Prime common stock for every five shares of Ashford Trust common stock held on the record date, November 8, 2013.
- [F2]Represents fully vested long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership ("Prime OP"), the operating partnership of Ashford Prime. The LTIP Units, if they achieve economic parity, are convertible into an equal number of fully paid and non-assessable Common Partnership Units, as defined in the Amended and Restated Partnership Agreement of Prime OP, at the option of the Reporting Person. Common Partnership Units are convertible into cash or, at the option of Ashford Prime, into shares of Ashford Prime's common stock on a 1-for-1 basis. The LTIP Units were issued under Ashford Prime's 2013 Equity Incentive Plan and have no expiration date.
- [F3]Per LTIP Unit purchase price.
- [F4]Reflects common units issued to the Reporting Person in connection with the Spin-Off. Beginning one year from the issuance date, such common units are redeemable by the Reporting Person for cash, or at the option of Ashford Prime, shares of Ashford Prime's common stock on a 1-for-1 basis. The common units do not expire.
Documents
Issuer
Ashford Hospitality Prime, Inc.
CIK 0001574085
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001574085
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 8:01 PM ET
- Size
- 8.8 KB