Filing Details
- Accession Number:
- 0001140361-18-031258
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-07-03 16:00:46
- Reporting Period:
- 2018-06-29
- Accepted Time:
- 2018-07-03 16:00:46
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1232582 | Ashford Hospitality Trust Inc | AHT | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1187669 | Alan Tallis | 14185 Dallas Parkway Suite 1100 Dallas TX 75254 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2018-06-29 | 10,000 | $8.01 | 248,045 | No | 4 | S | Indirect | By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| 7.375% Series F Cumulative Preferred Stock | 2,087 | Indirect | By 2009 Tallis Family Irrevocable Trust |
| 7.375% Series F Cumulative Preferred Stock | 2,087 | Indirect | By 2012 Shirley A. Tallis Irrevocable Trust |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Special Limited Partnership Units | $0.00 | 0 | 27,700 | Direct | ||
| Common Stock | Common Limited Partnership | $0.00 | 0 | 25,444 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 0 | 27,700 | Direct | |
| 0 | 25,444 | Direct |
Footnotes
- The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.0000 to $8.0300, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified.
- 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 5 discussing the convertibility of Common Units.
- Neither the LTIP Units nor the Common Units have an expiration date.
- Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock based on a conversion ratio described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017, which is 1.0 share of the Issuer's common stock for each Common Unit.
- Reflects the aggregate number of Common Units currently beneficially owned by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 5 discussing the convertibility of the CommonUnits.
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