4//SEC Filing
KESSLER DOUGLAS A 4
Accession 0001104659-20-033380
CIK 0001232582other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 6:29 PM ET
Size
15.0 KB
Accession
0001104659-20-033380
Insider Transaction Report
Form 4
KESSLER DOUGLAS A
President
Transactions
- Award
Common Stock
2020-03-11+225,000→ 1,419,093 total - Award
Performance Stock Units (2020)
2020-03-11+225,000→ 225,000 totalExercise: $0.00From: 2022-12-31Exp: 2022-12-31→ Common Stock (225,000 underlying)
Holdings
- 200,321
Performance Stock Units (2018)
Exercise: $0.00From: 2021-03-13Exp: 2021-03-13→ Common Stock (200,321 underlying) - 237,643
Performance Stock Units (2019)
Exercise: $0.00From: 2021-12-31Exp: 2021-12-31→ Common Stock (237,643 underlying) - 173,000
Performance Stock Units (2017)
Exercise: $0.00From: 2020-03-23Exp: 2020-03-23→ Common Stock (173,000 underlying) - 1,109,780
Common Limited Partnership Units
Exercise: $0.00→ Common Stock (1,109,780 underlying)
Footnotes (7)
- [F1]The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2011 Stock Incentive Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries following the date of grant.
- [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 grant), March 13, 2021 (with respect to the 2018 grant), December 31, 2021 (with respect to the 2019 grant) and December 31, 2022 (with respect to the 2020 grant). One-third of the Performance Stock Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period.
- [F5]Common Limited Partnership Units of Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary (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.
- [F6]The Common Units do not expire.
- [F7]Reflects the aggregate number of Common Units currently held by the Reporting Person, some of which may have been converted from special long-term incentive partnership units of the Subsidiary 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 Units.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001260655
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 6:29 PM ET
- Size
- 15.0 KB