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Filing Details

Accession Number:: 0001104659-15-063318
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-09-02 17:16:32
Reporting Period:: 2015-09-01

Filing Date:: 2015-09-02
Accepted Time:: 2015-09-02 17:16:32
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

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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	2015-09-01	2,441	$15.00	101,294	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

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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			220,587	220,587	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2017-12-31	54,768	54,768	Direct
	220,587	220,587	Direct

Footnotes

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 20, 2014.
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. Also includes shares issued to the Reporting Person in the pro rata distribution from Ashford Trust of shares of common stock of Ashford Prime to the common stock holders of Ashford Trust on July 27, 2015.
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 ("Ashford Prime OP"), at the Reporting Person's election if and when the applicable vesting criteria have been achieved.
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.
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. Also includes common units issued to the Reporting Person in the pro rata distribution from Ashford Trust of common units in Ashford Prime OP to the limited partners of Ashford Hospitality Limited Partnership, Ashford Trust's operating partnership, on July 27, 2015.