Kamal Jafarnia - 12 May 2021 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Role
Director
Signature
/s/ KAMAL JAFARNIA
Issuer symbol
AHT
Transactions as of
12 May 2021
Net transactions value
+$7,859
Form type
4
Filing time
14 May 2021, 20:46:54 UTC
Next filing
25 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHT Common Stock 233 12 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AHT Special Limited Partnership Units Award $0 +35,019 +405% $0.000000 43,660 12 May 2021 Common Stock $0.000000 Direct F1, F2, F3, F4
transaction AHT Special Limited Partnership Units Award $7,859 +2,664 +45% $2.95 8,641 12 May 2021 Common Stock $0.000000 Direct F1, F3, F4, F5
holding AHT Common Limited Partnership Units 40,956 12 May 2021 Common Stock $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Common Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of Common Units.
F2 The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's 2021 Stock Incentive Plan (the "Plan") upon the Reporting Person's re-election to the Issuer's Board of Directors.
F3 Neither the LTIP Units nor the Common Units have an expiration date.
F4 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 as described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017.
F5 The LTIP Units were issued to the Reporting Person under the Plan in lieu of certain cash retainer fees and were fully vested upon grant.