4//SEC Filing
Vaziri Abteen 4
Accession 0001104659-19-043742
CIK 0001574085other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 4:48 PM ET
Size
8.8 KB
Accession
0001104659-19-043742
Insider Transaction Report
Form 4
Vaziri Abteen
Director
Transactions
- Award
LTIP Units
2019-07-31$0.05/sh+5,700$285→ 5,700 totalExercise: $0.00→ Common Stock (5,700 underlying)
Holdings
- 2,133
Common Stock
- 5,700
Common Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (6)
- [F1]Fully vested special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below), are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing the convertibility of Common Partnership Units.
- [F2]The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's 2013 Equity Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors.
- [F3]Neither the Common Partnership Units nor vested LTIP Units have an expiration date.
- [F4]Per LTIP Unit purchase price.
- [F5]Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"). Common Partnership 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]Reflects the aggregate number of Common Partnership Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 5 discussing the convertibility of the Common Partnership Units.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0001716587
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 4:48 PM ET
- Size
- 8.8 KB