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Filing Details

Accession Number:: 0001140361-18-031806
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-07-06 17:45:55
Reporting Period:: 2018-07-03

Accepted Time:: 2018-07-06 17:45:55
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

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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	2018-07-03	10,900	$8.34	237,145	No	4	S	Indirect	By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees
Common Stock	Disposition	2018-07-05	9,100	$8.50	228,045	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
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

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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 Units	$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 $8.2500 to $8.5000, 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.
Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.5000 to $8.5100, 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 CommonUnits 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.