4//SEC Filing
Evans Mary Candace 4
Accession 0001104659-19-046364
CIK 0001574085other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 4:21 PM ET
Size
7.2 KB
Accession
0001104659-19-046364
Insider Transaction Report
Form 4
Evans Mary Candace
Director
Transactions
- Purchase
Common Stock
2019-08-15$8.85/sh+1,125$9,956→ 1,125 total
Holdings
- 5,700
LTIP Units
Exercise: $0.00→ Common Stock (5,700 underlying)
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $8.85 to $8.86, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]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 Limited Partnership Units of the Subsidiary ("Common Partnership Units"), are convertible into Common Partnership Units at the option of the Reporting Person. 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.
- [F3]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 election to the Issuer's Board of Directors.
- [F4]The LTIP Units have no expiration date.
Documents
Issuer
Braemar Hotels & Resorts Inc.
CIK 0001574085
Entity typeother
Related Parties
1- filerCIK 0001780661
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 4:21 PM ET
- Size
- 7.2 KB