4//SEC Filing
Welter Jeremy 4
Accession 0001104659-22-078446
CIK 0001604738other
Filed
Jul 7, 8:00 PM ET
Accepted
Jul 8, 6:41 PM ET
Size
18.5 KB
Accession
0001104659-22-078446
Insider Transaction Report
Form 4
Ashford Inc.AINC
Welter Jeremy
EVP, Asset Management
Transactions
- Disposition to Issuer
Class 2 LTIP Units
2022-07-07−30,000→ 0 totalExercise: $85.97From: 2017-12-11Exp: 2022-12-11→ Common Stock (0 underlying) - Award
Class 2 LTIP Units
2022-07-07+30,000→ 30,000 totalExercise: $85.97From: 2017-12-11Exp: 2025-12-11→ Common Stock (30,000 underlying)
Holdings
- 264,607
Common Stock
- 17,500
Class 2 LTIP Units
Exercise: $57.34From: 2020-04-18Exp: 2027-04-18→ Common Stock (17,500 underlying) - 68.18
Common Units
Exercise: $0.00→ Common Stock (68.18 underlying) - 35,000
Class 2 LTIP Units
Exercise: $45.59From: 2019-03-31Exp: 2026-03-31→ Common Stock (35,000 underlying) - 35,000
Class 2 LTIP Units
Exercise: $61.12From: 2022-02-27Exp: 2029-02-27→ Common Stock (35,000 underlying) - 17,500
Class 2 LTIP Units
Exercise: $57.71From: 2020-10-03Exp: 2027-10-03→ Common Stock (17,500 underlying) - 27,451
Class 2 LTIP Units
Exercise: $94.96From: 2021-03-14Exp: 2028-03-14→ Common Stock (27,451 underlying) - 32,400
Series D Convertible Preferred Stock
Exercise: $0.21→ Common Stock (6,893 underlying)
Footnotes (3)
- [F1]The reported transaction involves an amendment of outstanding Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of replacement LTIP 2s.
- [F2]In connection with the transactions contemplated by the Combination Agreement, dated May 31, 2019, as amended, among the Issuer, the Reporting Person, Monty Bennett, Archie Bennett, Jr., Remington Holdings, L.P., Remington Holdings GP, LLC, Project Management LLC, MJB Investments, L.P., James L. Cowen, Ashford Nevada Holding Corp. and Ashford Merger Sub Inc., the Reporting Person, directly or indirectly through certain affiliates, acquired 32,400 shares of Series D Convertible Preferred Stock as reported herein. Such 32,400 shares of Series D Convertible Preferred Stock have no expiration date and are convertible at any time and from time to time, in full or partially, into 6,893 shares of the Issuer's common stock at a conversion ratio equal to the liquidation preference of a share of Series D Convertible Preferred Stock, par value $25.00, divided by $117.50, subject to adjustment.
- [F3]Common units ("Common Units") in Ashford Hospitality Advisors LLC, the Issuer's operating subsidiary, owned by 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. The Common Units have no expiration date.
Documents
Issuer
Ashford Inc.
CIK 0001604738
Entity typeother
Related Parties
1- filerCIK 0001516834
Filing Metadata
- Form type
- 4
- Filed
- Jul 7, 8:00 PM ET
- Accepted
- Jul 8, 6:41 PM ET
- Size
- 18.5 KB