4//SEC Filing
TALLIS ALAN 4
Accession 0001104659-19-030614
CIK 0001232582other
Filed
May 19, 8:00 PM ET
Accepted
May 20, 6:09 PM ET
Size
10.1 KB
Accession
0001104659-19-030614
Insider Transaction Report
Form 4
TALLIS ALAN
EVP, Asset Management
Transactions
- Award
Special Limited Partnership Units
2019-05-16$0.05/sh+16,605$830→ 44,305 totalExercise: $0.00→ Common Stock
Holdings
- 2,087(indirect: By Trust)
7.375% Series F Cumulative Preferred Stock
- 25,444
Common Limited Partnership Units
Exercise: $0.00→ Common Stock - 228,045(indirect: By Trust)
Common Stock
- 2,087(indirect: By Trust)
7.375% Series F Cumulative Preferred Stock
Footnotes (5)
- [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. See Footnote 5 discussing the convertibility of Common Units.
- [F2]The LTIP Units reported herein were issued as an annual award under the Issuer's 2011 Stock Incentive Plan after the Reporting Person's re-election to the Issuer's Board of Directors.
- [F3]Neither the LTIP Units nor the Common Units have an expiration date.
- [F4]Per LTIP Unit purchase price.
- [F5]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 Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017, which, on May 16, 2019, was 1.0 share of the Issuer's common stock for each Common Unit.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001187669
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 6:09 PM ET
- Size
- 10.1 KB