Ansell Benjamin J MD 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed Aug 31, 2020
Insider Transaction Report
Form 4
Ansell Benjamin J MD
Director
Transactions
- Purchase
Common Stock
2020-08-28$2.92/sh+50,000$146,000→ 101,477 total(indirect: By Trust)
Holdings
- 1,531(indirect: By Trust)
Common Stock
- 8,779
Common Stock
- 1,283
Special Limited Partnership Units
Exercise: $0.00→ Common Stock (1,283 underlying)
Footnotes (2)
- [F1]Represents 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. 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.
- [F2]Neither the LTIP Units nor the Common Units have an expiration date.