4//SEC Filing
BROOKS DAVID A 4
Accession 0001104659-18-019663
CIK 0001232582other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 8:30 PM ET
Size
15.4 KB
Accession
0001104659-18-019663
Insider Transaction Report
Form 4
BROOKS DAVID A
COO, Gen. Counsel and Sec.
Transactions
- Tax Payment
Common Stock
2018-03-20$6.69/sh−12,909$86,361→ 823,130 total
Holdings
- 88,283
Performance Stock Units (2016)
Exercise: $0.00From: 2019-03-31Exp: 2019-03-31→ Common Stock - 1,398,922
Common Limited Partnership Units
Exercise: $0.00→ Common Stock - 96,154
Performance Stock Units (2018)
Exercise: $0.00From: 2021-03-14Exp: 2021-03-14→ Common Stock - 138,000
Performance Stock Units(2017)
Exercise: $0.00From: 2020-03-24Exp: 2020-03-24→ Common Stock - 49,872
Special Limited Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (10)
- [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. Represents the closing price of the common stock on March 20, 2018, the date of forfeiture.
- [F10]Reflects aggregate number of Common Units currently held by the Reporting Person, some of which have been converted from LTIP Units by the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units.
- [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]Represents a stock grant from the Issuer under the Issuer's 2011 Stock Incentive Plan.
- [F4]Represents the target number 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 target 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), March 24, 2020 (with respect to the 2017 Performance Stock Units award), and March 14, 2021 (with respect to the 2018 Performance Stock Units award).
- [F5]Represents 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 an 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]Reflects adjustment from number of units previously reported to give effect to the adoption of Amendment No. 5 to the Seventh Amended and Restated Agreement of Limited Partnership of the Subsidiary (the "Subsidiary Agreement Amendment"), which was adopted for the purpose of creating additional common partnership units of the Subsidiary and the recapitalization of the common partnership units so that the Conversion Factor (as defined in the Subsidiary Agreement Amendment) became 1.0.
- [F9]Common Limited Partnership Units of the Subsidiary ("Common Units"). Common 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.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001260555
Filing Metadata
- Form type
- 4
- Filed
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 8:30 PM ET
- Size
- 15.4 KB