0001104659-23-059142.txt : 20230511 0001104659-23-059142.hdr.sgml : 20230511 20230511161240 ACCESSION NUMBER: 0001104659-23-059142 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230509 FILED AS OF DATE: 20230511 DATE AS OF CHANGE: 20230511 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KLEISNER FRED J CENTRAL INDEX KEY: 0001286494 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31775 FILM NUMBER: 23911149 MAIL ADDRESS: STREET 1: C/O MORGANS HOTEL GROUP CO. STREET 2: 475 TENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10018 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASHFORD HOSPITALITY TRUST INC CENTRAL INDEX KEY: 0001232582 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 861062192 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14185 DALLAS PARKWAY SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 BUSINESS PHONE: 9724909600 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 4 1 tm2315456-7_4seq1.xml OWNERSHIP DOCUMENT X0407 4 2023-05-09 0 0001232582 ASHFORD HOSPITALITY TRUST INC AHT 0001286494 KLEISNER FRED J 14185 DALLAS PARKWAY SUITE 1200 DALLAS TX 75254 1 0 0 0 0 Common Stock 101 D Special Limited Partnership Units 0 2023-05-09 4 A 0 22352 0.00 A Common Stock 22923 D Common Limited Partnership Units 0 Common Stock 23359 D Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into Common Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of Common Units. The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's 2021 Stock Incentive Plan upon the Reporting Person's re-election to the Issuer's Board of Directors. Neither the LTIP Units nor the Common Units have an expiration date. 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 as described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017. /s/ FRED J. KLEISNER 2023-05-11