0001567619-20-016646.txt : 20200911
0001567619-20-016646.hdr.sgml : 20200911
20200911175933
ACCESSION NUMBER: 0001567619-20-016646
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200909
FILED AS OF DATE: 20200911
DATE AS OF CHANGE: 20200911
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: 201171875
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
doc1.xml
FORM 4
X0306
4
2020-09-09
0
0001604738
Ashford Inc.
AINC
0001516834
Welter Jeremy
14185 DALLAS PARKWAY
SUITE 1100
DALLAS
TX
75254
0
1
1
0
President and COO
Common Stock
2020-09-09
4
P
0
2080
6.82
A
140095
D
Common Stock
2020-09-10
4
P
0
8000
6.76
A
148095
D
Common Stock
2020-09-11
4
P
0
3094
6.74
A
151189
D
Series D Convertible Preferred Stock
0.21
Common Stock
6893
32400
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
Reflects the weighted average purchase price for the reported transactions. The shares were purchased in multiple transactions at prices ranging from $6.75 to $6.90, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares purchased at each separate price within the range specified.
Reflects the weighted average purchase price for the reported transactions. The shares were purchased in multiple transactions at prices ranging from $6.75 to $6.78, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares purchased at each separate price within the range specified.
Reflects the weighted average purchase price for the reported transactions. The shares were purchased in multiple transactions at prices ranging from $6.59 to $6.75, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares purchased at each separate price within the range specified.
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 conversion 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
2020-09-11