TALLIS ALAN 4

4 · ASHFORD HOSPITALITY TRUST INC · Filed May 14, 2021

Form 4

Period: 2021-05-12

EVP, Asset Management

Transactions

Award
Common Stock
2021-05-12+35,019→ 35,019 total
Award
Special Limited Partnership Units
2021-05-12$2.95/sh+2,785$8,216→ 8,900 total
Exercise: $0.00→ Common Stock

Holdings

Footnotes (5)

[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]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 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.

Documents

1 file