1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Common Limited Partnership Units
(1)
|
Â
(1)
|
Â
(2)
|
Common Stock
(1)
|
19,396
(1)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
Â
(3)(4)
|
Â
(5)
|
Common Stock
(3)
|
56,855
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
02/27/2015(6)
|
Â
(5)
|
Common Stock
(3)
|
10,578
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
03/04/2015(6)
|
Â
(5)
|
Common Stock
(3)
|
10,000
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
03/29/2015(6)
|
Â
(5)
|
Common Stock
(3)
|
5,000
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
03/31/2015(6)
|
Â
(5)
|
Common Stock
(3)
|
18,749
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
02/27/2016(6)
|
Â
(5)
|
Common Stock
(3)
|
10,578
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
03/04/2016(6)
|
Â
(5)
|
Common Stock
(3)
|
10,000
(3)
|
$
0
|
D
|
Â
|
Special Limited Partnership Units
(3)
|
02/27/2017(6)
|
Â
(5)
|
Common Stock
(3)
|
10,578
(3)
|
$
0
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Common limited partnership units ("Common Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Common Units are redeemable for cash or, at the option of the Issuer, shares of the Issuer's common stock on a 1-for-1 basis. |
(2) |
The Common Units have no expiration date. |
(3) |
Special long-term incentive partnership units ("LTIP Units") in Subsidiary. Vested LTIP Units, upon achieving parity with the Common Units, are convertible into Common Units at the option of the Reporting Person. Common Units are redeemable for cash or, at the option of the Issuer, shares of the Issuer's common stock on a 1-for-1 basis. |
(4) |
Currently vested. |
(5) |
The LTIP Units have no expiration date. |
(6) |
Date of vesting. |