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