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Filing Details

Accession Number:: 0001104659-18-032904
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-05-14 15:13:27
Reporting Period:: 2018-05-11

Accepted Time:: 2018-05-14 15:13:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1574085	Braemar Hotels & Resorts Inc.	BHR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1261029	Mark Nunneley	14185 Dallas Parkway, Suite 1100 Dallas TX 75254	Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-05-11	97,603	$10.75	179,092	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance Stock Units (2018)	$0.00	2020-12-31	2020-12-31	21,170	21,170	Direct
Common Stock	Performance Stock Units (2017)	$0.00	2019-12-31	2019-12-31	18,100	18,100	Direct
Common Stock	Performance Stock Units (2016)	$0.00	2018-12-31	2018-12-31	28,215	28,215	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-12-31	21,170	21,170	Direct
2019-12-31	18,100	18,100	Direct
2018-12-31	28,215	28,215	Direct

Footnotes

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.57 to $10.825, inclusive. The reporting person undertakes to provide to Braemar Hotels & Resorts Inc. ("Breamar"), any security holder of Braemar or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
The Reporting Person received the Performance Stock Units (as defined below) pursuant to an award granted by the Issuer under the Issuer's 2013 Equity Incentive Plan.
Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock.
Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018 (with respect to the 2016 grant), December 31, 2019 (with respect to the 2017 grant), and December 31, 2020 (with respect to the 2018 grant).