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Filing Details

Accession Number:
0001104659-15-053666
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-07-28 11:14:23
Reporting Period:
2015-07-24
Filing Date:
2015-07-28
Accepted Time:
2015-07-28 11:14:23
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1574085 Ashford Hospitality Prime Inc. AHP Real Estate Investment Trusts (6798) 462488594
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1260655 A Douglas Kessler 14185 Dallas Parkway, Suite 1100
Dallas TX 75254
President Yes Yes 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 2015-07-24 30,000 $15.11 92,461 No 4 S Direct
Common Stock Disposition 2015-07-27 8,600 $15.02 83,861 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Or Ltip Units Performance Stock Units $0.00 2017-12-31 2017-12-31 54,768 54,768 Direct
Common Stock Common Partnership Units $0.00 171,220 171,220 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2017-12-31 54,768 54,768 Direct
171,220 171,220 Direct
Footnotes
  1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 20, 2014.
  2. Reflects the weighted average sales price for the reported transactions. The Reporting Person, pursuant to the Rule 10b5-1 trading plan noted in Footnote (1) above, sold an aggregate of 30,000 shares of common stock of Ashford Hospitality Prime, Inc. ("Ashford Prime") in 47 separate transactions at prices ranging from $15.0000 to $15.3000. The Reporting Person will provide the SEC staff, Ashford Prime, or a security holder of Ashford Prime, upon request for same, with the full information regarding the number of shares sold at each separate price.
  3. Includes shares issued to the Reporting Person in connection with the spin-off (the "Spin-Off") of Ashford Prime from Ashford Hospitality Trust, Inc. ("Ashford Trust") on November 19, 2013, pursuant to which the Reporting Person received one share of Ashford Prime common stock for every five shares of Ashford Trust common stock held on the record date, November 8, 2013.
  4. Reflects the weighted average sales price for the reported transactions. The Reporting Person, pursuant to the Rule 10b5-1 trading plan noted in Footnote (1) above, sold an aggregate of 8,600 shares of common stock of Ashford Prime in 10 separate transactions at prices ranging from $15.0000 to $15.1600. The Reporting Person will provide the SEC staff, Ashford Prime, or a security holder of Ashford Prime, upon request for same, with the full information regarding the number of shares sold at each separate price.
  5. Reflects a performance stock unit ("Performance Stock Unit") award, which represents a right to receive one share of common stock of Ashford Prime or one long-term incentive partnership unit in Ashford Prime's operating partnership, Ashford Hospitality Prime Limited Partnership, at the Reporting Person's election if and when the applicable vesting criteria have been achieved.
  6. Represents the target share amount that may be issued pursuant to an award of Performance Stock Units. The actual number of Performance Stock Units 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 return, as determined by the compensation committee of the board of directors of Ashford Prime. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance Stock Units, as adjusted, will generally vest on December 31, 2017.
  7. Reflects common units issued to the Reporting Person in connection with Ashford Prime's Spin-Off from Ashford Trust on November 19, 2013. Beginning one year from the issuance date, such common units are redeemable by the Reporting Person for cash, or at the option of Ashford Prime, shares of Ashford Prime's common stock on a 1-for-1 basis. The common units do not expire.