Mark Nunneley - 10 Sep 2021 Form 4 Insider Report for Ashford Inc.

Role
Chief Accounting Officer
Signature
/s/ Mark L. Nunneley
Issuer symbol
N/A
Transactions as of
10 Sep 2021
Net transactions value
$0
Form type
4
Filing time
14 Sep 2021, 06:20:38 UTC
Previous filing
13 Jul 2021
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AINC Common Stock 40,614 10 Sep 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AINC Class 2 LTIP Units Award $0 +20,000 $0.000000 20,000 10 Sep 2021 Common Stock 20,000 $61.12 Direct F1, F2
transaction AINC Class 2 LTIP Units Award $0 +16,299 $0.000000 16,299 10 Sep 2021 Common Stock 16,299 $94.96 Direct F1, F2
transaction AINC Class 2 LTIP Units Award $0 +10,000 $0.000000 10,000 10 Sep 2021 Common Stock 10,000 $57.71 Direct F1, F2
transaction AINC Class 2 LTIP Units Award $0 +10,000 $0.000000 10,000 10 Sep 2021 Common Stock 10,000 $57.34 Direct F1, F2
transaction AINC Class 2 LTIP Units Award $0 +20,000 $0.000000 20,000 10 Sep 2021 Common Stock 20,000 $45.59 Direct F1, F2
transaction AINC Class 2 LTIP Units Award $0 +30,000 $0.000000 30,000 10 Sep 2021 Common Stock 30,000 $85.97 Direct F1, F2
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -20,000 -100% $0.000000* 0 10 Sep 2021 Common Stock 20,000 $61.12 Direct F3
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -16,299 -100% $0.000000* 0 10 Sep 2021 Common Stock 16,299 $94.96 Direct F3
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -10,000 -100% $0.000000* 0 10 Sep 2021 Common Stock 10,000 $57.71 Direct F3
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -10,000 -100% $0.000000* 0 10 Sep 2021 Common Stock 10,000 $57.34 Direct F3
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -20,000 -100% $0.000000* 0 10 Sep 2021 Common Stock 20,000 $45.59 Direct F3
transaction AINC Stock Options (right to purchase) Disposed to Issuer $0 -30,000 -100% $0.000000* 0 10 Sep 2021 Common Stock 30,000 $85.97 Direct F3
holding AINC Common Units 133 10 Sep 2021 Common Stock 133 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Class 2 Long-Term Incentive Partnership Unit ("LTIP 2") in the Issuer's subsidiary operating partnership, Ashford Hospitality Holdings LLC ("AHH"), was granted to the Reporting Person under the Issuer's 2014 Incentive Plan, as amended, as a substitute award for the corresponding stock option voluntarily forfeited by the Reporting Person, as described herein. The LTIP 2s vest on the same schedule as the applicable forfeited option and are intended to replicate the economics of each such option; therefore, each vested LTIP 2 can convert into a number of LTIPs in AHH based on the appreciation in a share of the Issuer's common stock over the initial exercise price of the applicable forfeited option, but a vested LTIP 2 may only be so converted prior to the final conversion date of such LTIP 2 (which is the same as the expiration date of the applicable forfeited option).
F2 LTIPs, upon achieving parity with common limited partnership units of AHH, are in turn convertible into common limited partnership units of AHH, which are themselves 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.
F3 This stock option was voluntarily forfeited by the Reporting Person in exchange for a long-term incentive partnership unit ("LTIP") in the Issuer's subsidiary operating partnership, granted under the Issuer's 2014 Incentive Plan, as amended
F4 Common 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.