Mark Nunneley - Jun 2, 2021 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Role
Chief Accounting Officer
Signature
/s/ Mark Nunneley
Stock symbol
AHT
Transactions as of
Jun 2, 2021
Transactions value $
-$405,912
Form type
4
Date filed
6/3/2021, 06:26 PM
Previous filing
May 14, 2021
Next filing
Jul 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHT Common Stock Sale -$13.2K -2.19K -1.12% $6.03 193K Jun 2, 2021 Direct
transaction AHT Common Stock Sale -$196K -32.7K -16.97% $6.00 160K Jun 2, 2021 Direct
transaction AHT Common Stock Sale -$196K -32.7K -20.44% $6.00 127K Jun 2, 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
holding AHT Common Limited Partnership Units(1) 47.2K Jun 2, 2021 Common Stock $0.00 Direct F1, F2, F3
holding AHT Performance Stock Units (2021) 122K Jun 2, 2021 Common Stock 122K $0.00 Direct F4, F5
holding AHT Performance Stock Units (2020) 5K Jun 2, 2021 Common Stock 5K $0.00 Direct F4, F5
holding AHT Performance Stock Units (2019) 5.7K Jun 2, 2021 Common Stock 5.7K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common Limited Partnership Units ("Common Units") of Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary (the "Subsidiary"). 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.
F2 The Common Units do not have an expiration date.
F3 Reflects aggregate number of Common Units currently held by the Reporting Person, some of which have been converted from special long-term incentive partnership units of the Subsidiary by the Reporting Person. See Footnote 1 discussing the convertibility of the Common Units.
F4 Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% (in the case of 2020 Performance Stock Units) or 0% to 250% (in the case of 2021 Performance Stock Units) of the target number of Performance Stock Units reported, based on achievement of specified performance metrics. Assuming continued service through the vesting date and minimum achievement of the specified performance metrics, the Performance Stock Units will generally vest on December 31, 2021 (with respect to the 2019 grant), December 31, 2022 (with respect to the 2020 grant) and December 31, 2023 (with respect to the 2021 grant).
F5 Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% (in the case of 2020 Performance Stock Units) or 0% to 250% (in the case of 2021 Performance Stock Units) of the target number of Performance Stock Units reported, based on achievement of specified performance metrics. Assuming continued service through the vesting date and minimum achievement of the specified performance metrics, the Performance Stock Units will generally vest on December 31, 2021 (with respect to the 2019 grant), December 31, 2022 (with respect to the 2020 grant) and December 31, 2023 (with respect to the 2021 grant).