0001104659-20-023885.txt : 20200221 0001104659-20-023885.hdr.sgml : 20200221 20200221161145 ACCESSION NUMBER: 0001104659-20-023885 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200220 FILED AS OF DATE: 20200221 DATE AS OF CHANGE: 20200221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KESSLER DOUGLAS A CENTRAL INDEX KEY: 0001260655 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31775 FILM NUMBER: 20640138 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 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 a4.xml 4 X0306 4 2020-02-20 0 0001232582 ASHFORD HOSPITALITY TRUST INC AHT 0001260655 KESSLER DOUGLAS A 14185 DALLAS PARKWAY, SUITE 1100 DALLAS TX 75254 0 1 0 0 CEO and President Common Stock 2020-02-20 4 F 0 28987 2.56 D 1213382 D Performance Stock Units (2019) 0.00 2021-12-31 2021-12-31 Common Stock 237643 237643 D Performance Stock Units (2018) 0.00 2021-03-13 2021-03-13 Common Stock 200321 200321 D Performance Stock Units (2017) 0.00 2020-03-23 2020-03-23 Common Stock 173000 173000 D Common Limited Partnership Units 0.00 Common Stock 1109780 1109780 D Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person. Represents the closing price of the common stock on February 19, 2020, the last trading day before the date of forfeiture. Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero (0) and two (2) shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. The Reporting Person received the Performance Stock Units pursuant to a grant from the Issuer under the Issuer's 2011 Stock Incentive Plan. 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% of the target number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 23, 2020 (with respect to the 2017 Performance Stock Units award), March 13, 2021 (with respect to the 2018 Performance Stock Units award) and December 31, 2021 (with respect to the 2019 Performance Stock Units award). Common Limited Partnership Units of the Issuer's Operating Partnership ("Common Units"). 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 do not expire. Reflects the aggregate number of Common Units currently held by the Reporting Person. /s/ Douglas Kessler 2020-02-21