SEC Form 4 · accession 0001104659-18-018444

Ashford Inc. · AINC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Mar 14, 2018

Accepted (ET)

Mar 16, 2018 · 9:26 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001604738

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock^F3	holding	—	—	—	14,154	I	By MJB Operating, LP
Common Stock	holding	—	—	—	115,477	I	By MJB Investments LP
Common Stock	holding	—	—	—	53,726	I	By Dartmore LP
Common Stock	holding	—	—	—	11,602	I	By Reserve, LP IV
Common Stock	holding	—	—	—	7,763	I	By Reserve, LP III
Common Stock^F4	holding	—	—	—	9,225	I	By Ashford Financial Corporation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (right to purchase)^F1	$94.96	Mar 14, 2018	A	77,206	A	Mar 14, 2021	Mar 14, 2028	Common Stock	77,206	77,206	D
Stock Options (right to purchase)	$57.71	holding	—	—	—	Oct 3, 2020	Oct 3, 2027	Common Stock	50,000	50,000	D
Stock Options (right to purchase)^F3	$57.34	holding	—	—	—	Apr 18, 2020	Apr 18, 2027	Common Stock	50,000	50,000	I
Stock Options (right to purchase)^F3	$45.59	holding	—	—	—	Mar 31, 2019	Mar 31, 2026	Common Stock	100,000	100,000	I
Stock Options (right to purchase)^F3	$85.97	holding	—	—	—	Dec 11, 2017	Dec 11, 2022	Common Stock	95,000	95,000	I
Common Units^F2,F3	$0.00	holding	—	—	—	—	—	Common Stock	143	143	I
Common Units^F2	$0.00	holding	—	—	—	—	—	Common Stock	502	502	I
Common Units^F2	$0.00	holding	—	—	—	—	—	Common Stock	36	36	I
Common Units^F2	$0.00	holding	—	—	—	—	—	Common Stock	109	109	I
Common Units^F2	$0.00	holding	—	—	—	—	—	Common Stock	79	79	I
Common Units^F2,F4	$0.00	holding	—	—	—	—	—	Common Stock	93	93	I

F1The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan.
F2Common 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.
F3Previously reported as directly owned by the Reporting Person. Reflects the recent transfer of such securities to MJB Operating, LP, which is wholly-owned, directly or indirectly, by the Reporting Person.
F4Reflects the Reporting Person's pecuniary interest in such securities held directly by Ashford Financial Corporation, of which the Reporting Person is a shareholder. The Reporting Person disclaims any beneficial interest in any other Common Units or any shares of the Issuer's common stock (or securities convertible into shares of the Issuer's common stock) held directly or indirectly by Ashford Financial Corporation.