0001104659-21-115260.txt : 20210914 0001104659-21-115260.hdr.sgml : 20210914 20210914062038 ACCESSION NUMBER: 0001104659-21-115260 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210910 FILED AS OF DATE: 20210914 DATE AS OF CHANGE: 20210914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NUNNELEY MARK CENTRAL INDEX KEY: 0001261029 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36400 FILM NUMBER: 211251179 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 tm2127482-1_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-09-10 0 0001604738 Ashford Inc. AINC 0001261029 NUNNELEY MARK 14185 DALLAS PARKWAY SUITE 1200 DALLAS TX 75254 0 1 0 0 Chief Accounting Officer Common Stock 40614 D Class 2 LTIP Units 61.12 2021-09-10 4 A 0 20000 0 A 2022-02-27 2029-02-27 Common Stock 20000 20000 D Class 2 LTIP Units 94.96 2021-09-10 4 A 0 16299 0 A 2021-03-14 2028-03-14 Common Stock 16299 16299 D Class 2 LTIP Units 57.71 2021-09-10 4 A 0 10000 0 A 2020-10-03 2027-10-03 Common Stock 10000 10000 D Class 2 LTIP Units 57.34 2021-09-10 4 A 0 10000 0 A 2020-04-18 2027-04-18 Common Stock 10000 10000 D Class 2 LTIP Units 45.59 2021-09-10 4 A 0 20000 0 A 2019-03-31 2026-03-31 Common Stock 20000 20000 D Class 2 LTIP Units 85.97 2021-09-10 4 A 0 30000 0 A 2017-12-11 2022-12-11 Common Stock 30000 30000 D Stock Options (right to purchase) 61.12 2021-09-10 4 D 0 20000 0 D 2022-02-27 2029-02-27 Common Stock 20000 0 D Stock Options (right to purchase) 94.96 2021-09-10 4 D 0 16299 0 D 2021-03-14 2028-03-14 Common Stock 16299 0 D Stock Options (right to purchase) 57.71 2021-09-10 4 D 0 10000 0 D 2020-10-03 2027-10-03 Common Stock 10000 0 D Stock Options (right to purchase) 57.34 2021-09-10 4 D 0 10000 0 D 2020-04-18 2027-04-18 Common Stock 10000 0 D Stock Options (right to purchase) 45.59 2021-09-10 4 D 0 20000 0 D 2019-03-31 2026-03-31 Common Stock 20000 0 D Stock Options (right to purchase) 85.97 2021-09-10 4 D 0 30000 0 D 2017-12-11 2022-12-11 Common Stock 30000 0 D Common Units 0.00 Common Stock 132.8 132.8 D This Class 2 Long-Term Incentive Partnership Unit ("LTIP 2") in the Issuer's subsidiary operating partnership, Ashford Hospitality Holdings LLC ("AHH"), was granted to the Reporting Person under the Issuer's 2014 Incentive Plan, as amended, as a substitute award for the corresponding stock option voluntarily forfeited by the Reporting Person, as described herein. The LTIP 2s vest on the same schedule as the applicable forfeited option and are intended to replicate the economics of each such option; therefore, each vested LTIP 2 can convert into a number of LTIPs in AHH based on the appreciation in a share of the Issuer's common stock over the initial exercise price of the applicable forfeited option, but a vested LTIP 2 may only be so converted prior to the final conversion date of such LTIP 2 (which is the same as the expiration date of the applicable forfeited option). LTIPs, upon achieving parity with common limited partnership units of AHH, are in turn convertible into common limited partnership units of AHH, which are themselves 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. This stock option was voluntarily forfeited by the Reporting Person in exchange for a long-term incentive partnership unit ("LTIP") in the Issuer's subsidiary operating partnership, granted under the Issuer's 2014 Incentive Plan, as amended 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/ Mark L. Nunneley 2021-09-14