TALLIS ALAN 4

4 · ASHFORD HOSPITALITY TRUST INC · Filed May 11, 2023

Form 4

Period: 2023-05-09

EVP, Asset Management

Transactions

Award
Special Limited Partnership Units
2023-05-09+11,176→ 11,482 total(indirect: By Trust)
Exercise: $0.00→ Common Stock
Award
Special Limited Partnership Units
2023-05-09+11,176→ 11,482 total(indirect: By Trust)
Exercise: $0.00→ Common Stock

Holdings

Common Stock
3,501
Common Stock
(indirect: By Trust)
2,194
Common Stock
(indirect: By Trust)
1,164
Common Stock
(indirect: By Trust)
1,200
Common Stock
(indirect: By IRA)
50
Common Limited Partnership Units
(indirect: By Trust)
Exercise: $0.00→ Common Stock
10,221.5
Common Limited Partnership Units
(indirect: By Trust)
Exercise: $0.00→ Common Stock
10,221.5

Footnotes (4)

[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 Reporting Person received the shares pursuant to a stock grant from the Issuer, under the Issuer's 2021 Stock Incentive Plan, in connection with the re-election of the Reporting Person 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.

Documents

1 file