Ashford Hospitality Prime, Inc. 4
4 · Ashford Hospitality Prime, Inc. · Filed Jun 14, 2016
Insider Transaction Report
Form 4
MURPHY W MICHAEL
Director
Transactions
- Award
Common Stock
2016-06-10+3,200→ 20,928 total
Holdings
- 1,325.1
Common Partnership Units
Exercise: $0.00→ Common Stock (1,325.1 underlying) - 7,500
LTIP Units
Exercise: $0.00→ Common Stock (7,500 underlying)
Footnotes (5)
- [F1]The shares were issued to the Reporting Person as an annual stock grant from the Issuer under the Issuer's 2013 Equity Incentive Plan.
- [F2]Fully vested 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. 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.
- [F3]Neither the LTIP Units nor the Common Partnership Units have an expiration date.
- [F4]Reflects all LTIP Units held by the Reporting Person having different grant dates and vesting terms, some of which have achieved parity with the Common Partnership Units.
- [F5]Common Limited Partnership Units of the Subsidiary ("Common Partnership Units") held by the Reporting Person. 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.