PANTERMUEHL SHERI L 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed May 12, 2022
Insider Transaction Report
Form 4
PANTERMUEHL SHERI L
Director
Transactions
- Award
Special Limited Partnership Units
2022-05-10+16,100→ 16,726 totalExercise: $0.00→ Common Stock
Holdings
- 7,551
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 Unit awards reported herein were issued as an annual grant under the Issuer's 2021 Stock Incentive 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 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 16, 2021.