4//SEC Filing
KLEISNER FRED J 4
Accession 0001104659-20-063771
CIK 0001232582other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:18 PM ET
Size
8.3 KB
Accession
0001104659-20-063771
Insider Transaction Report
Form 4
KLEISNER FRED J
Director
Transactions
- Award
Special Limited Partnership Units
2020-05-15+140,625→ 170,069 totalExercise: $0.00→ Common Stock
Holdings
- 10,166
Common Stock
- 14,861
Common Limited Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (4)
- [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 4 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]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 as described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017. On September 30, 2018, 14,861 LTIP Units converted to Common Units.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001286494
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:18 PM ET
- Size
- 8.3 KB