4//SEC Filing
Gupta Amish 4
Accession 0001104659-21-067130
CIK 0001232582other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 8:44 PM ET
Size
9.0 KB
Accession
0001104659-21-067130
Insider Transaction Report
Form 4
Gupta Amish
Director
Transactions
- Award
Special Limited Partnership Units
2021-05-12+35,019→ 94,022 totalExercise: $0.00→ Common Stock - Award
Special Limited Partnership Units
2021-05-12$2.95/sh+3,632$10,714→ 59,009 totalExercise: $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 Unit awards reported herein were issued as an annual grant under the Issuer's 2021 Stock Incentive Plan (the "Plan") upon 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.
- [F5]The LTIP Units were issued to the Reporting Person under the Plan in lieu of certain cash retainer fees and were fully vested upon grant.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001608286
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 8:44 PM ET
- Size
- 9.0 KB