4//SEC Filing
KESSLER DOUGLAS A 4
Accession 0001104659-19-017414
CIK 0001232582other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 4:06 PM ET
Size
12.3 KB
Accession
0001104659-19-017414
Insider Transaction Report
Form 4
KESSLER DOUGLAS A
President
Transactions
- Tax Payment
Common Stock
2019-03-24$4.61/sh−22,692$104,610→ 1,258,296 total
Holdings
- 237,643
Performance Stock Units (2019)
Exercise: $0.00From: 2021-12-31Exp: 2021-12-31→ Common Stock (237,643 underlying) - 1,109,780
Common Limited Partnership Units
Exercise: $0.00→ Common Stock (1,109,780 underlying) - 173,000
Performance Stock Units (2017)
Exercise: $0.00From: 2020-03-23Exp: 2020-03-23→ Common Stock (173,000 underlying) - 200,321
Performance Stock Units (2018)
Exercise: $0.00From: 2021-03-13Exp: 2021-03-13→ Common Stock (200,321 underlying)
Footnotes (7)
- [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 22, 2019, the last trading day before the date of forfeiture.
- [F2]Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero (0) and two (2) 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 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 23, 2020 (with respect to the 2017 Performance Stock Units award), March 13, 2021 (with respect to the 2018 Performance Stock Units award) and December 31, 2021 (with respect to the 2019 Performance Stock Units award).
- [F5]Common Limited Partnership Units of the Issuer's Operating Partnership ("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.
- [F6]The Common Units do not expire.
- [F7]Reflects the aggregate number of Common Units currently held by the Reporting Person.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001260655
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 4:06 PM ET
- Size
- 12.3 KB