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
  1. 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.
  2. 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.
  3. 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.
  4. 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.