SEC Form 4 · accession 0000909143-16-000052
Ashford Inc. · AINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas A Kessler
Officer — President
Period of report
Mar 30, 2016
Accepted (ET)
Apr 1, 2016 · 5:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001604738
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 30, 2016 | F | 277 | $45.08 | D | 29,647 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to purchase)F3 | $45.59 | Mar 31, 2016 | A | 50,000 | A | Mar 31, 2019 | Mar 31, 2016 | Common Stock | 50,000 | 50,000 | D |
| Stock Options (right to purchase) | $85.97 | holding | — | — | — | Dec 11, 2017 | Dec 11, 2022 | Common Stock | 35,000 | 35,000 | D |
| Commmon UnitsF4 | $0.00 | holding | — | — | — | — | — | Common Stock | 247 | 247 | D |
Explanation of responses
- F1Represents shares of Common Stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
- F2Represents the closing price of the Common Stock on March 30, 2016, the date of forfeiture.
- F3The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan.
- F4Common units ("Common Units") in Ashford Hospitality Advisors LLC, the Issuer's operating subsidiary, owned by the Reporting Person. 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. The Common Units have no expiration date.