Ansell Benjamin J MD 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed Oct 30, 2020
Insider Transaction Report
Form 4
Ansell Benjamin J MD
Director
Transactions
- Gift
Common Stock
2020-10-23−50,000→ 51,477 total(indirect: By Trust)
Holdings
- 21,913
Common Stock
- 10,000
7.375% Series F Cumulative Preferred Stock
- 1,283
Special Limited Partnership Units
Exercise: $0.00→ Common Stock (1,283 underlying) - 1,531(indirect: By Trust)
Common Stock
- 50,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]On October 23, 2020, the Ansell Family Trust transferred 50,000 shares of the Issuer's common stock to the Ansell 2020 Trust, a family trust of which the Reporting Person is trustee. The Reporting Person and members of his immediate family are the sole beneficiaries of the Ansell 2020 Trust.
- [F2]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.
- [F3]Neither the LTIP Units nor the Common Units have an expiration date.