Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-21-153589
Date:2021-12-21
Issuer: ASHFORD INC. (AINC)
Original Submission Date:

Reporting Person:

WELTER JEREMY
14185 DALLAS PARKWAY
SUITE 1200 DALLAS, TX 75254

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-12-21 P 10,000 a $14.80 264,607 direct
COMMON STOCK 2021-12-21 P 3,468 a $15.00 254,607 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
CLASS 2 LTIP UNITS 61.12 deemed execution date 0 ( ) 2022-02-27 2029-02-27 common stock 35,000 $61.12 35,000 direct
CLASS 2 LTIP UNITS 94.96 deemed execution date 0 ( ) 2021-03-14 2028-03-14 common stock 27,451 $94.96 27,451 direct
CLASS 2 LTIP UNITS 57.71 deemed execution date 0 ( ) 2020-10-03 2027-10-03 common stock 17,500 $57.71 17,500 direct
CLASS 2 LTIP UNITS 57.34 deemed execution date 0 ( ) 2020-04-18 2027-04-18 common stock 17,500 $57.34 17,500 direct
CLASS 2 LTIP UNITS 45.59 deemed execution date 0 ( ) 2019-03-31 2026-03-31 common stock 35,000 $45.59 35,000 direct
CLASS 2 LTIP UNITS 85.97 deemed execution date 0 ( ) 2017-12-11 2022-12-11 common stock 30,000 $85.97 30,000 direct
SERIES D CONVERTIBLE PREFERRED STOCK 0.21 deemed execution date 0 ( ) common stock 6,893 $0.21 32,400 direct
COMMON UNITS 0.0 deemed execution date 0 ( ) common stock 68 $0.00 68 direct
Footnotes
IDfootnote
f1 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.
f2 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.

Elevate your investments