ASHFORD HOSPITALITY TRUST INC 4
4 · ASHFORD HOSPITALITY TRUST INC · Filed Mar 3, 2014
Insider Transaction Report
Form 4
KIMICHIK DAVID J
CFO and Treasurer
Transactions
- Award
Special Limited Partnership Units
2014-02-27$0.05/sh+108,401$5,420→ 833,401 totalExercise: $0.00→ Common Stock (108,401 underlying)
Footnotes (5)
- [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, are convertible into Common Limited Partnership Units at the option of the Reporting Person. Common Limited Partnership Units are convertible into cash or, at the option of the Issuer, into shares of the Issuer's common stock on a 1-for-1 basis. The LTIP Units were issued under the Issuer's 2011 Stock Incentive Plan.
- [F2]The LTIP Units reported herein vest and are convertible in three installments on February 27, 2015 (36,133 LTIP Units), February 27, 2016 (36,134 LTIP Units) and February 27, 2017 (36,134 LTIP Units), respectively.
- [F3]The LTIP Units have no expiration date.
- [F4]Per LTIP Unit purchase price.
- [F5]Includes LTIP Units previously granted to, and reported by, the Reporting Person having different grant and vesting dates, some of which (i) may have achieved parity with the Common Limited Partnership Units, (ii) have not yet achieved parity with the Common Limited Partnership Units, (iii) are currently vested, or (iv) have not yet vested.