4//SEC Filing
KLEISNER FRED J 4
Accession 0001567619-20-021314
CIK 0001232582other
Filed
Dec 16, 7:00 PM ET
Accepted
Dec 17, 7:52 PM ET
Size
8.3 KB
Accession
0001567619-20-021314
Insider Transaction Report
Form 4
KLEISNER FRED J
Director
Transactions
- Award
Special Limited Partnership Units
2020-12-15$3.70/sh+5,792$21,430→ 25,318 totalExercise: $0.00→ Common Stock
Holdings
- 1,016
Common Stock
- 15,548
Common Limited Partnership Units
Exercise: $0.00→ Common Stock
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 LTIP Units were issued to the Reporting Person under the Issuer's 2011 Stock Incentive Plan in lieu of certain cash retainer fees and were fully vested upon grant.
- [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
Issuer
ASHFORD HOSPITALITY TRUST INC
CIK 0001232582
Entity typeother
Related Parties
1- filerCIK 0001286494
Filing Metadata
- Form type
- 4
- Filed
- Dec 16, 7:00 PM ET
- Accepted
- Dec 17, 7:52 PM ET
- Size
- 8.3 KB