4//SEC Filing
PANTERMUEHL SHERI L 4
Accession 0001104659-20-110415
CIK 0001232582other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 4:17 PM ET
Size
8.0 KB
Accession
0001104659-20-110415
Insider Transaction Report
Form 4
PANTERMUEHL SHERI L
Director
Transactions
- Award
Special Limited Partnership Units
2020-09-28$1.55/sh+16,590$25,715→ 22,843 totalExercise: $0.00→ Common Stock
Holdings
- 14,062
Common Limited Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (5)
- [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 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.
- [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 July 13, 2020, 140,625 LTIP Units converted to Common Units.
- [F5]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.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001314182
Filing Metadata
- Form type
- 4
- Filed
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 4:17 PM ET
- Size
- 8.0 KB