Vaziri Abteen 4
4 · Braemar Hotels & Resorts Inc. · Filed Aug 16, 2018
Insider Transaction Report
Form 4
Vaziri Abteen
Director
Transactions
- Award
LTIP Units
2018-08-14$0.05/sh+5,700$285→ 5,700 totalExercise: $0.00→ Common Stock (5,700 underlying)
Holdings
- 2,133
Common Stock
Footnotes (4)
- [F1]Fully vested 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 Limited Partnership Units of the Subsidiary ("Common Partnership Units"), 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.
- [F2]The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's 2013 Equity Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors.
- [F3]The LTIP Units have no expiration date.
- [F4]Per LTIP Unit purchase price.