SEC Form 4 · accession 0000909143-15-000040
Braemar Hotels & Resorts Inc. · BHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
ASHFORD HOSPITALITY LP
10% Owner
Period of report
Jul 27, 2015
Accepted (ET)
Jul 29, 2015 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574085
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Limited Partnership UnitsF2 | $0.00 | Jul 27, 2015 | J | 4,143,325 | D | — | — | Common Stock | 4,143,324 | 0 | D |
Explanation of responses
- F1On July 27, 2015, the Reporting Person distributed, on a pro rata basis, 4,143,324.9 Limited Partnership Units ("Units") of Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary, that the Reporting Person directly held to the holders of its common units. Such Units were redeemable, at the option of the Issuer, for 4,143,324 shares of the Issuer's common stock on a one-for-one basis, while rounding down fractional Units.
- F2The Units became redeemable for cash or, at the option of the Issuer, shares of the Issuer's common stock on November 19, 2014. The Units have no expiration date.