Filing Details

Accession Number:
0000909143-17-000078
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-11-09 17:04:32
Reporting Period:
2017-04-17
Accepted Time:
2017-11-09 17:04:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1574085 Ashford Hospitality Prime Inc. AHP () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1516834 Jeremy Welter 14185 Dallas Parkway
Suite 1100
Dallas TX 75254
Evp - Asset Management No 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 Acquisiton 2017-04-17 8 $10.91 551 No 4 L Direct
Common Stock Acquisiton 2017-07-17 9 $10.36 559 No 4 L Direct
Common Stock Acquisiton 2017-10-16 9 $10.30 568 No 4 L Direct
Common Stock Acquisiton 2017-11-07 7,136 $8.93 7,704 No 4 P Direct
Common Stock Acquisiton 2017-11-07 1,625 $8.92 9,329 No 4 P Direct
Common Stock Acquisiton 2017-11-07 1,543 $8.90 10,872 No 4 P Direct
Common Stock Acquisiton 2017-11-07 1,869 $8.89 12,741 No 4 P Direct
Common Stock Acquisiton 2017-11-07 7,827 $8.87 20,568 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 L Direct
No 4 L Direct
No 4 L Direct
No 4 P Direct
No 4 P Direct
No 4 P Direct
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 LTIP Performance Units (2017) $0.00 2019-12-31 2019-12-31 45,249 45,249 Direct
Common Stock LTIP Units $0.00 33,552 33,552 Direct
Common Stock Performance Stock Units $0.00 2018-12-31 2018-12-31 28,329 28,329 Direct
Common Stock Performance LTIP Units (2015) $0.00 2017-12-31 2017-12-31 54,768 54,768 Direct
Common Stock Common Partnership Units $0.00 2016-07-27 106,742 106,742 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-12-31 45,249 45,249 Direct
33,552 33,552 Direct
2018-12-31 28,329 28,329 Direct
2017-12-31 54,768 54,768 Direct
106,742 106,742 Direct
Footnotes
  1. Acquired through broker-sponsored automatic dividend reinvestment program.
  2. Each performance LTIP Unit ("Performance LTIP Unit") awards represents an LTIP Unit (as defined below) subject to performance-based vesting criteria.
  3. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock.
  4. Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units.
  5. Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"). Common Partnership 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.
  6. Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock 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 returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018.
  7. Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2017 (with respect to the 2015 grant) and December 31, 2019 (with respect to the 2017 grant - reported herein). See Footnote 4 discussing the convertibility of vested LTIP Units.
  8. The LTIP Units vest and are convertible in three equal installments on 4/27/2018, 4/27/2019 and 4/27/2020, respectively. See Footnote 4 discussing the convertibility of vested LTIP Units.
  9. Reflects the aggregate number of LTIP Units held by the Reporting Person. Such LTIP Units may have different grant and vesting dates and include those which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 4 discussing convertibility of LTIP Units and Footnote 5 discussing convertibility of Common Partnership Units.
  10. Reflects the aggregate number of Common Partnership Units currently held 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 Common Partnership Units.
  11. Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date.