SEC Form 4 · accession 0000909143-17-000004
Ashford Inc. · AINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas A Kessler
Officer — President
Period of report
Feb 27, 2017
Accepted (ET)
Feb 28, 2017 · 7:57 pm EST
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 | Feb 27, 2017 | F | 312 | $57.00 | D | 29,335 | 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) | $45.59 | holding | — | — | — | Mar 31, 2019 | Mar 31, 2026 | 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 |
| Common UnitsF3 | $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 February 27, 2017, the date of forfeiture.
- F3Common 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.