4//SEC Filing
Gupta Amish 4
Accession 0001140361-18-029334
CIK 0001232582other
Filed
Jun 19, 8:00 PM ET
Accepted
Jun 20, 5:00 PM ET
Size
7.1 KB
Accession
0001140361-18-029334
Insider Transaction Report
Form 4
Gupta Amish
Director
Transactions
- Award
Special Limited Partnership Units
2018-06-18$0.05/sh+12,839$642→ 60,927 totalExercise: $0.00→ Common Stock
Footnotes (6)
- [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 5 discussing the convertibility of Common Units.
- [F2]The LTIP Units reported herein were issued as an annual award under the Issuer's 2011 Stock Incentive Plan after 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]Per LTIP Unit purchase price.
- [F5]Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock based on a conversion ratio described in the Subsidiary Agreement Amendment (as defined below), which, on June 18, 2018, was 1.0 shares of the Issuer's common stock for each Common Unit.
- [F6]Includes adjustment from number of units previously reported from 52,262 to 48,088 to give effect to the adoption of Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017 (the "Subsidiary Agreement Amendment"), which was adopted for the purpose of creating additional common partnership units of the Subsidiary and the recapitalization of the Common Units so that the Conversion Factor (as defined in the Subsidiary Agreement Amendment) became 1.0.
Documents
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001608286
Filing Metadata
- Form type
- 4
- Filed
- Jun 19, 8:00 PM ET
- Accepted
- Jun 20, 5:00 PM ET
- Size
- 7.1 KB