Filing Details

Accession Number:
0001140361-18-031806
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-07-06 17:45:55
Reporting Period:
2018-07-03
Accepted Time:
2018-07-06 17:45:55
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1232582 Ashford Hospitality Trust Inc AHT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1187669 Alan Tallis 14185 Dallas Parkway
Suite 1100
Dallas TX 75254
Yes No 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 2018-07-03 10,900 $8.34 237,145 No 4 S Indirect By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees
Common Stock Disposition 2018-07-05 9,100 $8.50 228,045 No 4 S Indirect By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees
No 4 S Indirect By Tallis Family Revocable Trust, Alan L. Tallis and Shirley A. Tallis, Trustees
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
7.375% Series F Cumulative Preferred Stock 2,087 Indirect By 2009 Tallis Family Irrevocable Trust
7.375% Series F Cumulative Preferred Stock 2,087 Indirect By 2012 Shirley A. Tallis Irrevocable Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Special Limited Partnership Units $0.00 0 27,700 Direct
Common Stock Common Limited Partnership Units $0.00 0 25,444 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
0 27,700 Direct
0 25,444 Direct
Footnotes
  1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
  2. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.2500 to $8.5000, 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 sold at each separate price within the range specified.
  3. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $8.5000 to $8.5100, 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 sold at each separate price within the range specified.
  4. Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into CommonUnits at the option of the Reporting Person. See Footnote 5 discussing the convertibility of Common Units.
  5. Neither the LTIP Units nor the Common Units have an expiration date.
  6. Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock based on a conversion ratio described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017, which is 1.0 share of the Issuer's common stock for each Common Unit.
  7. Reflects the aggregate number of Common Units currently beneficially owned 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 CommonUnits.