Ansell Benjamin J MD 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed May 14, 2021
Insider Transaction Report
Form 4
Ansell Benjamin J MD
Director
Transactions
- Award
Common Stock
2021-05-12+35,019→ 120,535 total - Award
Common Stock
2021-05-12$2.95/sh+2,301$6,788→ 85,516 total
Holdings
- 1,531(indirect: By Trust)
Common Stock
- 151,477(indirect: By Trust)
Common Stock
- 50,000(indirect: By Trust)
Common Stock
- 1,283
Special Limited Partnership Units
Exercise: $0.00→ Common Stock (1,283 underlying)
Footnotes (4)
- [F1]The Reporting Person received the shares pursuant to a stock grant from the Issuer, under the Issuer's 2021 Stock Incentive Plan (the "Plan"), in connection with the re-election of the Reporting Person to the Issuer's Board of Directors.
- [F2]The shares were issued to the Reporting Person under the Plan in lieu of certain cash retainer fees and were fully vested upon grant.
- [F3]Represents 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. 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.
- [F4]The LTIP Units do not have an expiration date.