Ansell Benjamin J MD 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed Nov 25, 2020
Insider Transaction Report
Form 4
Ansell Benjamin J MD
Director
Transactions
- Disposition to Issuer
7.375% Series F Cumulative Preferred Stock
2020-11-25−10,000→ 0 total - Award
Common Stock
2020-11-25+55,800→ 77,713 total
Holdings
- 1,283
Special Limited Partnership Units
Exercise: $0.00→ Common Stock (1,283 underlying) - 51,477(indirect: By Trust)
Common Stock
- 1,531(indirect: By Trust)
Common Stock
- 50,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]The reporting person disposed of 10,000 shares of 7.375% Series F Cumulative Preferred Stock in exchange for 55,800 shares of common stock in an issuer exchange offer. The exchange was effected pursuant to Rule 16b-3, the result of which is that such exchange is exempt from the provisions of Section 16(b) and the rules promulgated thereunder.
- [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.