0001104659-19-065090.txt : 20191118 0001104659-19-065090.hdr.sgml : 20191118 20191118161056 ACCESSION NUMBER: 0001104659-19-065090 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191115 FILED AS OF DATE: 20191118 DATE AS OF CHANGE: 20191118 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Welter Jeremy CENTRAL INDEX KEY: 0001516834 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36400 FILM NUMBER: 191227676 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ashford Inc. CENTRAL INDEX KEY: 0001604738 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 465292553 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 BUSINESS PHONE: (972) 490-9600 MAIL ADDRESS: STREET 1: 14185 DALLAS PARKWAY STREET 2: SUITE 1100 CITY: DALLAS STATE: TX ZIP: 75254 FORMER COMPANY: FORMER CONFORMED NAME: Ashford Inc DATE OF NAME CHANGE: 20140403 4 1 a4.xml 4 X0306 4 2019-11-15 0 0001604738 Ashford Inc. AINC 0001516834 Welter Jeremy 14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 0 1 0 0 Co-President and COO Common Stock 2019-11-15 4 P 0 222 22.56 A 37761 D Common Stock 2019-11-15 4 P 0 2014 22.60 A 39775 D Common Stock 2019-11-15 4 P 0 83 22.50 A 39858 D Common Stock 2019-11-15 4 P 0 99 22.55 A 39957 D Common Stock 2019-11-15 4 P 0 43 22.40 A 40000 D Series D Convertible Preferred Stock 0.21 Common Stock 32400 6893 D Stock Options (right to purchase) 61.12 2022-02-27 2029-02-27 Common Stock 35000 35000 D Stock Options (right to purchase) 94.96 2021-03-14 2028-03-14 Common Stock 27451 27451 D Stock Options (right to purchase) 57.71 2020-10-03 2027-10-03 Common Stock 17500 17500 D Stock Options (right to purchase) 57.34 2020-04-18 2027-04-18 Common Stock 17500 17500 D Stock Options (right to purchase) 45.59 2019-03-31 2026-03-31 Common Stock 35000 35000 D Stock Options (right to purchase) 85.97 2017-12-11 2022-12-11 Common Stock 30000 30000 D Common Units 0.00 Common Stock 68.18 68.18 D In connection with the transactions contemplated by the Combination Agreement, dated May 31, 2019, as amended, among the Issuer, the Reporting Person, Monty Bennett, Archie Bennett, Jr., Remington Holdings, L.P., Remington Holdings GP, LLC, Project Management LLC, MJB Investments, L.P., James L. Cowen, Ashford Nevada Holding Corp. and Ashford Merger Sub Inc., the Reporting Person, directly or indirectly through certain affiliates, acquired 32,400 shares of Series D Convertible Preferred Stock as reported herein. Such 32,400 shares of Series D Convertible Preferred Stock have no expiration date and are convertible at any time and from time to time, in full or partially, into 6,893 shares of the Issuer's common stock at a conversation ratio equal to the liquidation preference of a share of Series D Convertible Preferred Stock, par value $25.00, divided by $117.50, subject to adjustment. 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. /s/ Jeremy Welter 2019-11-18