Filing Details
- Accession Number:
- 0001104659-21-036510
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-15 21:00:29
- Reporting Period:
- 2021-03-11
- Accepted Time:
- 2021-03-15 21:00:29
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1604738 | Ashford Inc. | AINC | () | 4 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1516834 | Jeremy Welter | 14185 Dallas Parkway Suite 1100 Dallas TX 75254 | President And Coo | No | Yes | Yes | 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 | Acquisiton | 2021-03-11 | 8,267 | $7.92 | 195,059 | No | 4 | P | Direct | |
Common Stock | Acquisiton | 2021-03-12 | 16,080 | $8.39 | 211,139 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Direct | |
No | 4 | P | Direct |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Series D Convertible Preferred Stock | $0.21 | 6,893 | 32,400 | Direct | ||
Common Stock | Stock Options (right to purchase) | $61.12 | 2022-02-27 | 2029-02-27 | 35,000 | 35,000 | Direct |
Common Stock | Stock Options (right to purchase) | $94.96 | 2021-03-14 | 2028-03-14 | 27,451 | 27,451 | Direct |
Common Stock | Stock Options (right to purchase) | $57.71 | 2020-10-03 | 2027-10-03 | 17,500 | 17,500 | Direct |
Common Stock | Stock Options (right to purchase) | $57.34 | 2020-04-18 | 2027-04-18 | 17,500 | 17,500 | Direct |
Common Stock | Stock Options (right to purchase) | $45.59 | 2019-03-31 | 2026-03-31 | 35,000 | 35,000 | Direct |
Common Stock | Stock Options (right to purchase) | $85.97 | 2017-12-11 | 2022-12-11 | 30,000 | 30,000 | Direct |
Common Stock | Common Units | $0.00 | 68 | 68 | Direct |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
6,893 | 32,400 | Direct | |
2029-02-27 | 35,000 | 35,000 | Direct |
2028-03-14 | 27,451 | 27,451 | Direct |
2027-10-03 | 17,500 | 17,500 | Direct |
2027-04-18 | 17,500 | 17,500 | Direct |
2026-03-31 | 35,000 | 35,000 | Direct |
2022-12-11 | 30,000 | 30,000 | Direct |
68 | 68 | Direct |
Footnotes
- Reflects the weighted average purchase price for the reported transactions. The shares were purchased in multiple transactions at prices ranging from $7.85 to $8.28, 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 purchased at each separate price within the range specified.
- Reflects the weighted average purchase price for the reported transactions. The shares were purchased in multiple transactions at prices ranging from $8.34 to $8.44, 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 purchased at each separate price within the range specified.
- In connection with the transactions contemplated by the Combination Agreement, dated May 31, 2019, as amended, among the Issuer, the Reporting Person, Monty Bennett, Archie Bennett, Jr., Remington Holdings, L.P., Remington Holdings GP, LLC, Project Management LLC, MJB Investments, L.P., James L. Cowen, Ashford Nevada Holding Corp. and Ashford Merger Sub Inc., the Reporting Person, directly or indirectly through certain affiliates, acquired 32,400 shares of Series D Convertible Preferred Stock as reported herein. Such 32,400 shares of Series D Convertible Preferred Stock have no expiration date and are convertible at any time and from time to time, in full or partially, into 6,893 shares of the Issuer's common stock at a conversion ratio equal to the liquidation preference of a share of Series D Convertible Preferred Stock, par value $25.00, divided by $117.50, subject to adjustment.
- Common units ("Common Units") in Ashford Hospitality Advisors LLC, the Issuer's operating subsidiary, owned by 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. The Common Units have no expiration date.