4//SEC Filing
KLEISNER FRED J 4
Accession 0001104659-20-110414
CIK 0001232582other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 4:16 PM ET
Size
8.7 KB
Accession
0001104659-20-110414
Insider Transaction Report
Form 4
KLEISNER FRED J
Director
Transactions
- Award
Special Limited Partnership Units
2020-09-28$1.55/sh+13,825$21,429→ 19,526 totalExercise: $0.00→ Common Stock
Holdings
- 15,548
Common Limited Partnership Units
Exercise: $0.00→ Common Stock - 1,016
Common Stock
Footnotes (5)
- [F1]The shares shown have been adjusted to reflect the Issuer's reverse stock split of its outstanding shares of common stock on a 1-for-10 basis that occurred on July 15, 2020.
- [F2]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.
- [F3]The LTIP Units were issued to the Reporting Person under the Issuer's 2011 Stock Incentive Plan in lieu of certain cash retainer fees and were fully vested upon grant.
- [F4]Neither the LTIP Units nor the Common Units have an expiration date.
- [F5]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 July 13, 2020, 140,625 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
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 4:16 PM ET
- Size
- 8.7 KB