SEC Form 4 · accession 0001567619-18-000197
Ashford Inc. · AINC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Michael Murphy
Director
Period of report
Aug 8, 2018
Accepted (ET)
Aug 9, 2018 · 12:40 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,F1 | Aug 8, 2018 | A | 344 | $0.00 | A | 1,134 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were issued to the Reporting Person as an annual stock grant from the Issuer under the Issuer's 2014 Incentive Plan upon the Reporting Person's election to the Issuer's Board of Directors (the "Board").
- F2The annual stock grant was made to the Reporting Person as part of the non-employee director annual base retainer of $150,000, which is payable 50% in cash and 50% in common stock of the Issuer. The common stock acquired by the Reporting Person and reported on this Form 4 represents the quotient obtained by dividing (i) the product of (a) $75,000 and (b) a fraction, the numerator of which is 145 (represents the number of days of service on Board in 2018) and the denominator of which is 365 (represents total number of days in a year) by (ii) $86.70 (the closing price of the common stock on August 8, 2018).