person · Reporting owner

Welter Jeremy

Disclosed activity across 3 companies

Tapewire entity: 124923
SEC CIK: 0001516834

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
ASHFORD HOSPITALITY TRUST INCAHT · Entity 7629	Chief Operating Officer	July 15, 2022	July 20, 2022
Ashford Inc.AINC · Entity 86648	President and COO · 10% owner	July 07, 2022	July 08, 2022

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

ASHFORD HOSPITALITY TRUST INC

Report date July 15, 2022 · Filed July 20, 2022

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	Direct	44,735	Ending reported balance After 2022-07-15 transaction · row 2 2 source rows · reconciled sequence Row 1 · 2022-07-15 · Exercise / conversion · Acquired 32,980 · Balance 65,607 F1: Each performance stock unit represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock. Row 2 · 2022-07-15 · Tax withholding · Disposed 20,872 · Balance 44,735 F2: Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of performance stock units, restricted stock and common stock held by the Reporting Person. F3: Represents the closing price of the common stock on July 14, 2022, the last trading day before the date of forfeiture.
Performance Stock Units (2021)SEC Table II · derivative / convertible security · Conversion / exercise price $0.00 · Expires 2023-12-31	Direct	0	Reported balance After 2022-07-15 transaction · row 5 Instrument identity requires review; Table II rows are not merged. 1 source row Row 5 · 2022-07-15 · Exercise / conversion · Disposed 32,980 · Balance 0 F10: Each performance stock unit ("Performance Stock Unit") award granted in 2020 represents a right to receive between 0% and 200% of the target number of Performance Stock Units reflected in the table. Each Performance Stock Unit award granted in 2021 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table. F1: Each performance stock unit represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock. F11: Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% (in the case of 2020 Performance Stock Units) or 0% to 250% (in the case of 2021 Performance Stock Units) of the target number of Performance Stock Units reported, based on achievement of specified performance metrics.
Performance LTIP Units (2020)SEC Table II · derivative / convertible security · Conversion / exercise price $0.00 · Expires 2022-12-31	Direct	1,500	Reported balance Holding disclosure · report date 2022-07-15 · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · Balance 1,500 F4: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit subject to specified performance-based vesting criteria. F5: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. See Footnote 6 discussing the convertibility of vested LTIP Units.
Special Limited Partnership UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $0.00	Direct	4,469	Reported balance Holding disclosure · report date 2022-07-15 · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · Balance 4,469 F6: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 12 discussing the convertibility of the Common Units. F7: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 6 discussing the convertibility of vested LTIP Units. F8: Neither the Common Units nor the LTIP Units have an expiration date. F9: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes.
Common Limited Partnership UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $0.00	Direct	5,102	Reported balance Holding disclosure · report date 2022-07-15 · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · Balance 5,102 F12: Common Limited Partnership Units of the Subsidiary ("Common Units"). 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. F8: Neither the Common Units nor the LTIP Units have an expiration date. F13: Reflects the aggregate number of Common Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 12 discussing the convertibility of the Common Units.

Filing footnotes · ownership attribution and instrument terms

F1: Each performance stock unit represents the contingent right to receive, upon vesting, one share of the Issuer's Common Stock.

F2: Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of performance stock units, restricted stock and common stock held by the Reporting Person.

F3: Represents the closing price of the common stock on July 14, 2022, the last trading day before the date of forfeiture.

F4: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit subject to specified performance-based vesting criteria.

F5: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. See Footnote 6 discussing the convertibility of vested LTIP Units.

F6: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 12 discussing the convertibility of the Common Units.

F7: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 6 discussing the convertibility of vested LTIP Units.

F8: Neither the Common Units nor the LTIP Units have an expiration date.

F9: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes.

F10: Each performance stock unit ("Performance Stock Unit") award granted in 2020 represents a right to receive between 0% and 200% of the target number of Performance Stock Units reflected in the table. Each Performance Stock Unit award granted in 2021 represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.

F11: Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% (in the case of 2020 Performance Stock Units) or 0% to 250% (in the case of 2021 Performance Stock Units) of the target number of Performance Stock Units reported, based on achievement of specified performance metrics.

F12: Common Limited Partnership Units of the Subsidiary ("Common Units"). 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.

F13: Reflects the aggregate number of Common Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 12 discussing the convertibility of the Common Units.

Ashford Inc.

Report date July 07, 2022 · Filed July 08, 2022

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $85.97 · Expires 2022-12-11	Direct	0	Reported balance After 2022-07-07 transaction · row 7 Instrument identity requires review; Table II rows are not merged. 1 source row Row 7 · 2022-07-07 · Disposition to issuer · Disposed 30,000 · Balance 0 F1: The reported transaction involves an amendment of outstanding Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of replacement LTIP 2s.
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $85.97 · Expires 2025-12-11	Direct	30,000	Reported balance After 2022-07-07 transaction · row 8 Instrument identity requires review; Table II rows are not merged. 1 source row Row 8 · 2022-07-07 · Grant · Acquired 30,000 · Balance 30,000 F1: The reported transaction involves an amendment of outstanding Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of replacement LTIP 2s.
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $61.12 · Expires 2029-02-27	Direct	35,000	Reported balance Holding disclosure · report date 2022-07-07 · row 2 Instrument identity requires review; Table II rows are not merged. 1 source row Row 2 · Balance 35,000
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $94.96 · Expires 2028-03-14	Direct	27,451	Reported balance Holding disclosure · report date 2022-07-07 · row 3 Instrument identity requires review; Table II rows are not merged. 1 source row Row 3 · Balance 27,451
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $57.71 · Expires 2027-10-03	Direct	17,500	Reported balance Holding disclosure · report date 2022-07-07 · row 4 Instrument identity requires review; Table II rows are not merged. 1 source row Row 4 · Balance 17,500
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $57.34 · Expires 2027-04-18	Direct	17,500	Reported balance Holding disclosure · report date 2022-07-07 · row 5 Instrument identity requires review; Table II rows are not merged. 1 source row Row 5 · Balance 17,500
Class 2 LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $45.59 · Expires 2026-03-31	Direct	35,000	Reported balance Holding disclosure · report date 2022-07-07 · row 6 Instrument identity requires review; Table II rows are not merged. 1 source row Row 6 · Balance 35,000
Common StockSEC Table I · non-derivative	Direct	264,607	Reported balance Holding disclosure · report date 2022-07-07 · row 1 Holding and transaction disclosures are not merged. 1 source row Row 1 · Balance 264,607
Series D Convertible Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $0.21	Direct	32,400	Reported balance Holding disclosure · report date 2022-07-07 · row 9 Instrument identity requires review; Table II rows are not merged. 1 source row Row 9 · Balance 32,400 F2: 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 UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $0.00	Direct	68.18	Reported balance Holding disclosure · report date 2022-07-07 · row 10 Instrument identity requires review; Table II rows are not merged. 1 source row Row 10 · Balance 68.18 F3: 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.

Filing footnotes · ownership attribution and instrument terms

F1: The reported transaction involves an amendment of outstanding Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of replacement LTIP 2s.

F2: 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.

F3: 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.

Past disclosures · reporting ended (1)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

Braemar Hotels & Resorts Inc.

Report date July 15, 2022 · Filed August 03, 2022 · Amendment

Section 16 reporting ended · disclosed 2022-08-03. Current position is not established by this disclosure.

Amendment: balances below belong to this corrected disclosure, not necessarily a complete replacement of earlier positions.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	Direct	452,249	Last balance in matching sequence After 2022-07-15 transaction · row 4 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 4 source rows Row 1 · 2022-07-15 · Exercise / conversion · Acquired 151,662 · Balance 511,060 F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. F3: Each Performance Stock Unit award represented the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. Row 2 · 2022-07-15 · Other · Acquired 1,255 · Balance 512,315 F4: Represents dividend equivalent rights that accrued on a Performance Stock Unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock and is settled in common stock. F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. Row 3 · 2022-07-15 · Tax withholding · Disposed 59,609 · Balance 452,706 F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. F5: Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person. F6: Represents the closing price of the common stock on July 28, 2022, the last trading day before the date of forfeiture. Row 4 · 2022-07-15 · Tax withholding · Disposed 457 · Balance 452,249 F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. F5: Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person. F6: Represents the closing price of the common stock on July 28, 2022, the last trading day before the date of forfeiture.
Performance Stock Units (2021)SEC Table II · derivative / convertible security · Conversion / exercise price $0.00 · Expires 2023-12-31	Direct	151,662	Reported balance After 2022-07-15 transaction · row 6 Amendment: may correct only part of an earlier disclosure. 1 source row Row 6 · 2022-07-15 · Grant · Acquired 151,662 · Balance 151,662 F3: Each Performance Stock Unit award represented the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. F8: Represents the maximum share amount that may be issued pursuant to such award of Performance Stock Units. The number of shares of common stock to be issued upon vesting of a Performance Stock Unit can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of specified performance goals.
Performance Stock Units (2021)SEC Table II · derivative / convertible security · Conversion / exercise price $0.00 · Expires 2023-12-31	Direct	0	Reported balance After 2022-07-15 transaction · row 7 Amendment: may correct only part of an earlier disclosure. 1 source row Row 7 · 2022-07-15 · Exercise / conversion · Disposed 151,662 · Balance 0 F3: Each Performance Stock Unit award represented the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time. F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting. F8: Represents the maximum share amount that may be issued pursuant to such award of Performance Stock Units. The number of shares of common stock to be issued upon vesting of a Performance Stock Unit can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of specified performance goals.
Series E Redeemable Preferred StockSEC Table I · non-derivative	Direct	4,841.08	Reported balance Holding disclosure · report date 2022-07-15 · row 5 Amendment: may correct only part of an earlier disclosure. 1 source row Row 5 · Balance 4,841.08 F7: Included in the amount reported are shares of common stock acquired under the automatic dividend reinvestment plan, exempt under Rule 16a-11.
LTIP UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $0.00	Direct	30,048	Reported balance Holding disclosure · report date 2022-07-15 · row 8 Amendment: may correct only part of an earlier disclosure. 1 source row Row 8 · Balance 30,048 F9: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Partnership Units") are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 12 discussing convertibility of Common Partnership Units. F10: The LTIP Units reported herein were subject to vesting in three (3) equal installments over a three (3) year term from the date of the award, subject to acceleration. See Footnote 8 discussing the convertibility of vested LTIP Units. F11: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. F12: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and include those which (i) may have achieved parity with the Common Partnership Units, or (ii) have not yet achieved parity with the Common Partnership Units. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 8 discussing convertibility of LTIP Units and Footnote 12 discussing the convertibility of the Common Partnership Units.
Common Partnership UnitsSEC Table II · derivative / convertible security · Conversion / exercise price $0.00	Direct	123,374	Reported balance Holding disclosure · report date 2022-07-15 · row 9 Amendment: may correct only part of an earlier disclosure. 1 source row Row 9 · Balance 123,374 F13: Common Partnership 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. F11: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. F14: Reflects the aggregate number of Common Partnership Units currently held by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 12 discussing the convertibility of the Common Partnership Units.

Filing footnotes · ownership attribution and instrument terms

F1: As indicated in the Form 4 filed on July 19, 2022 (the "Original Filing") that reported common stock received by the Reporting Person in connection with the vesting of performance stock units ("Performance Stock Units"), the number of shares of common stock issued upon vesting of Performance Stock Units reported in the Original Filing was estimated and recorded at 100% of the number of Performance Stock Units initially awarded (the target number) because the number of Performance Stock Units that actually vested was dependent upon actual performance that had not yet been determined, and as a result the number of shares of common stock withheld for taxes upon the vesting of the Performance Stock Units was estimated in such filing because the final tax withholding information was likewise not available at the time.

F2: This amendment is being filed to report the number of Performance Stock Units that actually vested (200% of the target number of Performance Stock Units based on the extent of actual achievement of the specified performance goals) and the number of shares of common stock that were actually withheld to satisfy tax obligations upon vesting.

F3: Each Performance Stock Unit award represented the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock.

F4: Represents dividend equivalent rights that accrued on a Performance Stock Unit award pursuant to the dividend reinvestment feature of the award. Each dividend equivalent right is the economic equivalent of one share of the Issuer's common stock and is settled in common stock.

F5: Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person.

F6: Represents the closing price of the common stock on July 28, 2022, the last trading day before the date of forfeiture.

F7: Included in the amount reported are shares of common stock acquired under the automatic dividend reinvestment plan, exempt under Rule 16a-11.

F8: Represents the maximum share amount that may be issued pursuant to such award of Performance Stock Units. The number of shares of common stock to be issued upon vesting of a Performance Stock Unit can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of specified performance goals.

F9: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Partnership Units") are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 12 discussing convertibility of Common Partnership Units.

F10: The LTIP Units reported herein were subject to vesting in three (3) equal installments over a three (3) year term from the date of the award, subject to acceleration. See Footnote 8 discussing the convertibility of vested LTIP Units.

F11: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date.

F12: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and include those which (i) may have achieved parity with the Common Partnership Units, or (ii) have not yet achieved parity with the Common Partnership Units. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 8 discussing convertibility of LTIP Units and Footnote 12 discussing the convertibility of the Common Partnership Units.

F13: Common Partnership 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.

F14: Reflects the aggregate number of Common Partnership Units currently held by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 12 discussing the convertibility of the Common Partnership Units.

Transaction history

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The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
March 11, 2020 Filed Mar 13, 2020 22:31 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance LTIP Units (2020) · Derivative	300,000	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-20-033383 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 300,000 Underlying: Common Stock · 300,000 shares Expires 2022-12-31 F1 · security: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit subject to specified performance-based vesting criteria. F1 · derivative.exercise_price: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit subject to specified performance-based vesting criteria. F2 · kind: The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 23, 2020 (with respect to the 2017 grant) and December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. F2 · price: The Reporting Person received the Performance LTIP Units and LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · derivative.underlying_shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 23, 2020 (with respect to the 2017 grant) and December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. F3 · balance_after: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 23, 2020 (with respect to the 2017 grant) and December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. Read SEC document
March 11, 2020 Filed Mar 13, 2020 18:25 UTC	Braemar Hotels & Resorts Inc. BHR · Entity 6531	GrantLTIP Units · Derivative	47,500	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-20-033372 · a4.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 105,922 Underlying: Common Stock · 47,500 shares Expires not disclosed F4 · security: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F4 · derivative.exercise_price: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F2 · kind: The Reporting Person received the Performance LTIP Units and LTIP Units (as defined below) awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F4 · shares: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F2 · price: The Reporting Person received the Performance LTIP Units and LTIP Units (as defined below) awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F5 · derivative.exercise_date: The LTIP Units reported herein vest and are convertible into Common Partnership Units in three (3) equal installments over a three (3) year term from the date of the award. See Footnote 4 discussing the convertibility of vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. F4 · derivative.underlying_shares: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F7 · balance_after: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 4 discussing convertibility of LTIP Units and Footnote 10 discussing convertibility of Common Partnership Units. Read SEC document
March 11, 2020 Filed Mar 13, 2020 18:25 UTC	Braemar Hotels & Resorts Inc. BHR · Entity 6531	GrantPerformance LTIP Units (2020) · Derivative	95,000	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-20-033372 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 95,000 Underlying: Common Stock · 95,000 shares Expires 2022-12-31 F1 · security: Each performance LTIP Unit ("Performance LTIP Unit") award represents an LTIP Unit subject to performance-based vesting criteria. F1 · derivative.exercise_price: Each performance LTIP Unit ("Performance LTIP Unit") award represents an LTIP Unit subject to performance-based vesting criteria. F2 · kind: The Reporting Person received the Performance LTIP Units and LTIP Units (as defined below) awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F3 · shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. F2 · price: The Reporting Person received the Performance LTIP Units and LTIP Units (as defined below) awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F3 · derivative.underlying_shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. F3 · balance_after: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2022 (with respect to the 2020 grant). See Footnote 4 discussing the convertibility of vested LTIP Units. One-third of the Performance LTIP Units granted in 2020 will be eligible to vest (at up to 200% of target) based on performance during the first year of the performance period. Read SEC document
March 11, 2020 Filed Mar 13, 2020 17:12 UTC	Ashford Inc. AINC · Entity 86648	GrantCommon Stock	35,000	$0.00	$0.00	Disclosure SEC source: 0001104659-20-033229 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 75,000 F1 · kind: The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2014 Incentive Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries following the date of grant. F1 · acquired: The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2014 Incentive Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries following the date of grant. Read SEC document
November 15, 2019 Filed Nov 18, 2019 16:10 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	43	$22.40	$963.20	Disclosure SEC source: 0001104659-19-065090 · a4.xml · nonDerivative · entry 5 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 40,000 Read SEC document
November 15, 2019 Filed Nov 18, 2019 16:10 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	99	$22.55	$2,232.45	Disclosure SEC source: 0001104659-19-065090 · a4.xml · nonDerivative · entry 4 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,957 Read SEC document
November 15, 2019 Filed Nov 18, 2019 16:10 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	83	$22.50	$1,867.50	Disclosure SEC source: 0001104659-19-065090 · a4.xml · nonDerivative · entry 3 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,858 Read SEC document
November 15, 2019 Filed Nov 18, 2019 16:10 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	2,014	$22.60	$45,516.40	Disclosure SEC source: 0001104659-19-065090 · a4.xml · nonDerivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 39,775 Read SEC document
November 15, 2019 Filed Nov 18, 2019 16:10 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	222	$22.56	$5,008.32	Disclosure SEC source: 0001104659-19-065090 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,761 Read SEC document
November 14, 2019 Filed Nov 15, 2019 16:08 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	1,284	$22.10	$28,376.40	Disclosure SEC source: 0001104659-19-064738 · a4.xml · nonDerivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 37,539 Read SEC document
November 14, 2019 Filed Nov 15, 2019 16:08 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	3,716	$22.90	$85,096.40	Disclosure SEC source: 0001104659-19-064738 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 36,255 Read SEC document
November 06, 2019 Filed Nov 7, 2019 19:25 UTC	Ashford Inc. AINC · Entity 86648	GrantSeries D Convertible Preferred Stock · Derivative	32,400	$0.00 Strike: $0.21	$0.00	Disclosure SEC source: 0001104659-19-061259 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,893 Underlying: Common Stock · 32,400 shares Expires not disclosed F2 · security: 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. F2 · derivative.exercise_price: 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. F3 · kind: 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. F2 · derivative.exercise_date: 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. F2 · derivative.expiration_date: 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. F2 · derivative.underlying: 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. F2 · balance_after: 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. Read SEC document
August 08, 2019 Filed Aug 8, 2019 19:08 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	8,225	$28.92	$237,867.00	Disclosure SEC source: 0001104659-19-044978 · a4.xml · nonDerivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,000 F2 · kind: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $28.70 to $29.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. F2 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $28.70 to $29.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Read SEC document
August 07, 2019 Filed Aug 8, 2019 19:08 UTC	Ashford Inc. AINC · Entity 86648	PurchaseCommon Stock	15,000	$29.46	$441,900.00	Disclosure SEC source: 0001104659-19-044978 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,775 F1 · kind: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $28.98 to $29.71, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. F1 · price: The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $28.98 to $29.71, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Read SEC document
February 28, 2019 Filed Mar 4, 2019 21:14 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantSpecial Limited Partnership Units · Derivative	107,415	$0.05 Strike: $0.00	$5,370.75	Disclosure SEC source: 0001104659-19-012460 · a4.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 450,182 Underlying: Common Stock · 450,182 shares Expires not disclosed F4 · security: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 11 discussing the convertibility of the Common Units. F4 · derivative.exercise_price: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 11 discussing the convertibility of the Common Units. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units (as defined below) and Performance LTIP Units (as defined below) awards reported herein under the Issuer's 2011 Stock Incentive Plan. F4 · shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 11 discussing the convertibility of the Common Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F5 · derivative.exercise_date: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 4 discussing the convertibility of vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Units nor the LTIP Units have an expiration date. F4 · derivative.underlying_shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 11 discussing the convertibility of the Common Units. F8 · balance_after: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. Read SEC document
February 28, 2019 Filed Mar 4, 2019 21:14 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance Stock Units (2019) · Derivative	107,415	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-19-012460 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 107,415 Underlying: Common Stock · 107,415 shares Expires 2021-12-31 F1 · security: Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. F2 · security: The Reporting Person received the Performance Stock Units, LTIP Units (as defined below) and Performance LTIP Units (as defined below) awards reported herein under the Issuer's 2011 Stock Incentive Plan. F1 · derivative.exercise_price: Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units (as defined below) and Performance LTIP Units (as defined below) awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 13, 2021 (with respect to the 2018 Performance Stock Units award) and on December 31, 2021 (with respect to the 2019 Performance Stock Units award). F2 · price: The Reporting Person received the Performance Stock Units, LTIP Units (as defined below) and Performance LTIP Units (as defined below) awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · derivative.underlying_shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 13, 2021 (with respect to the 2018 Performance Stock Units award) and on December 31, 2021 (with respect to the 2019 Performance Stock Units award). F3 · balance_after: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 13, 2021 (with respect to the 2018 Performance Stock Units award) and on December 31, 2021 (with respect to the 2019 Performance Stock Units award). Read SEC document
February 28, 2019 Filed Mar 4, 2019 16:10 UTC	Braemar Hotels & Resorts Inc. BHR · Entity 6531	GrantLTIP Units · Derivative	30,048	$0.05 Strike: $0.00	$1,502.40	Disclosure SEC source: 0001104659-19-012450 · a4.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 83,922 Underlying: Common Stock · 83,922 shares Expires not disclosed F4 · security: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F4 · derivative.exercise_price: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F2 · kind: The Reporting Person received the LTIP Units (as defined below) and Performance Stock Units awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F4 · shares: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F2 · price: The Reporting Person received the LTIP Units (as defined below) and Performance Stock Units awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F5 · derivative.exercise_date: The LTIP Units reported herein vest and are convertible into Common Partnership Units in three (3) equal installments over a three (3) year term from the date of the award. See Footnote 4 discussing the convertibility of vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units (as defined below)) have an expiration date. F4 · derivative.underlying_shares: Represents special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 10 discussing convertibility of Common Partnership Units. F7 · balance_after: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 4 discussing convertibility of LTIP Units and Footnote 10 discussing convertibility of Common Partnership Units. Read SEC document
February 28, 2019 Filed Mar 4, 2019 16:10 UTC	Braemar Hotels & Resorts Inc. BHR · Entity 6531	GrantPerformance Stock Units (2019) · Derivative	30,048	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-19-012450 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 30,048 Underlying: Common Stock · 30,048 shares Expires 2021-12-31 F1 · security: Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F1 · derivative.exercise_price: Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F2 · kind: The Reporting Person received the LTIP Units (as defined below) and Performance Stock Units awards reported herein under the Issuer's Second Amended and Restated 2013 Equity Incentive Plan. F3 · shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2020 (for the 2018 Performance Stock Units) and December 31, 2021 (for the 2019 Performance Stock Units). F3 · derivative.underlying_shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2020 (for the 2018 Performance Stock Units) and December 31, 2021 (for the 2019 Performance Stock Units). F3 · balance_after: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2020 (for the 2018 Performance Stock Units) and December 31, 2021 (for the 2019 Performance Stock Units). Read SEC document
February 27, 2019 Filed Mar 1, 2019 16:09 UTC	Ashford Inc. AINC · Entity 86648	GrantStock Options (right to purchase) · Derivative	35,000	$0.00 Strike: $61.12	$0.00	Disclosure SEC source: 0001567619-19-005760 · doc1.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 35,000 Underlying: Common Stock · 35,000 shares Expires 2029-02-27 F1 · kind: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. F1 · price: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. Read SEC document
July 16, 2018 Filed Jan 7, 2019 16:15 UTC	Braemar Hotels & Resorts Inc. BHR · Entity 6531	OtherCommon Stock	281	$11.90	$3,343.90	Disclosure SEC source: 0001567619-19-000701 · doc1.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,188 F1 · kind: Acquired through broker-dealer sponsored automatic dividend reinvestment program. Reporting of such transaction was eligible for delayed reporting under Rule 16a-6. Read SEC document
March 14, 2018 Filed Mar 17, 2018 01:37 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantSpecial Limited Partnership Units (4) · Derivative	90,545	$0.05 Strike: $0.00	$4,527.25	Disclosure SEC source: 0001104659-18-018451 · a4.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Executive VP-Asset Mgmt. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 453,131 Underlying: Common Stock · Not disclosed shares Expires not disclosed F4 · derivative.exercise_price: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F4 · shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F5 · derivative.exercise_date: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 4 discussing the convertibility of Vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Units nor the LTIP Units have an expiration date. F4 · derivative.underlying_shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F8 · balance_after: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. Read SEC document
March 14, 2018 Filed Mar 17, 2018 01:37 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance Stock Units (2018) (1) · Derivative	90,545	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-18-018451 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Executive VP-Asset Mgmt. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 90,545 Underlying: Common Stock · Not disclosed shares Expires 2021-03-14 F1 · derivative.exercise_price: Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). F2 · price: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · derivative.underlying_shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). F3 · balance_after: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). Read SEC document
March 14, 2018 Filed Mar 16, 2018 21:43 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	GrantLTIP Units · Derivative	31,250	$0.05 Strike: $0.00	$1,562.50	Disclosure SEC source: 0001104659-18-018462 · a4.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Executive VP-Asset Mgmt. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 64,802 Underlying: Common Stock · 31,250 shares Expires not disclosed F4 · security: Represents pecial long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F4 · derivative.exercise_price: Represents pecial long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F2 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). F4 · shares: Represents pecial long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F2 · price: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). F8 · derivative.exercise_date: The LTIP Units reported herein vest and are convertible in three equal installments over a three-year term from the date of the award. See Footnote 4 discussing the convertibility of vested LTIP Units. F11 · derivative.expiration_date: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. F4 · derivative.underlying_shares: Represents pecial long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F9 · balance_after: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 4 discussing convertibility of LTIP Units and Footnote 5 discussing convertibility of Common Partnership Units. Read SEC document
March 14, 2018 Filed Mar 16, 2018 21:43 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	GrantPerformance Stock Units (2018) · Derivative	31,250	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-18-018462 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Executive VP-Asset Mgmt. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 31,250 Underlying: Common Stock · 31,250 shares Expires 2020-12-31 F3 · security: Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F3 · derivative.exercise_price: Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock. F2 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). F6 · shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018 (for the 2016 Performance Stock Units) and December 31, 2020 (for the 2018 Performance Stock Units). F6 · derivative.underlying_shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018 (for the 2016 Performance Stock Units) and December 31, 2020 (for the 2018 Performance Stock Units). F6 · balance_after: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder returns. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018 (for the 2016 Performance Stock Units) and December 31, 2020 (for the 2018 Performance Stock Units). Read SEC document
March 14, 2018 Filed Mar 16, 2018 21:25 UTC	Ashford Inc. AINC · Entity 86648	GrantStock Options (right to purchase) · Derivative	27,451	$0.00 Strike: $94.96	$0.00	Disclosure SEC source: 0001104659-18-018442 · a4.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Executive VP-Asset Mgmt. 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,451 Underlying: Common Stock · 27,451 shares Expires 2028-03-14 F1 · kind: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. F1 · price: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. Read SEC document
March 14, 2018 Filed Mar 21, 2018 23:12 UTC Amendment	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantSpecial Limited Partnership Units · Derivative	90,545	$0.05 Strike: $0.00	$4,527.25	Disclosure SEC source: 0001104659-18-019394 · a4a.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 453,131 Underlying: Common Stock · Not disclosed shares Expires not disclosed F4 · security: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F4 · derivative.exercise_price: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F4 · shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F5 · derivative.exercise_date: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 4 discussing the convertibility of Vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Units nor the LTIP Units have an expiration date. F4 · derivative.underlying_shares: Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F8 · balance_after: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. Read SEC document
March 14, 2018 Filed Mar 21, 2018 23:12 UTC Amendment	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance Stock Units (2018) · Derivative	90,545	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0001104659-18-019394 · a4a.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Chief Operating Officer 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 90,545 Underlying: Common Stock · Not disclosed shares Expires 2021-03-14 F1 · security: Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. F1 · derivative.exercise_price: Each performance stock unit ("Performance Stock Unit") award represents a right to receive between zero and two shares of the Issuer's common stock if and when the applicable vesting criteria have been achieved. F2 · kind: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). F2 · price: The Reporting Person received the Performance Stock Units, LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F3 · derivative.underlying_shares: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). F3 · balance_after: Represents the target amount of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on March 14, 2021 (with respect to the 2018 Performance Stock Units award). Read SEC document
March 14, 2018 Filed Mar 21, 2018 19:17 UTC Amendment	Ashford Inc. AINC · Entity 86648	GrantStock Options (right to purchase) · Derivative	27,451	$0.00 Strike: $94.96	$0.00	Disclosure SEC source: 0001104659-18-019399 · a4a.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · Co-President and COO 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,451 Underlying: Common Stock · 27,451 shares Expires 2028-03-14 F1 · kind: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. F1 · price: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. Read SEC document
January 16, 2018 Filed Feb 6, 2018 01:09 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	OtherCommon Stock	40.258	$6.72	$270.53	Disclosure SEC source: 0001104659-18-006611 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,295.258 F1 · kind: Acquired through broker-sponsored automatic dividend reinvestment program. Reporting of such transaction was eligible for deferred reporting under Rule 16a-6. The Reporting Person has chosen to report such transaction early. Read SEC document
January 16, 2018 Filed Feb 5, 2018 20:05 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	OtherCommon Stock	339.178	$9.70	$3,290.03	Disclosure SEC source: 0001104659-18-006610 · a4.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,907.339 F1 · kind: Acquired through broker-sponsored automatic dividend reinvestment program. Reporting of such transaction was eligible for deferred reporting under Rule 16a-6. The Reporting Person has chosen to report such transaction early. Read SEC document
November 07, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	PurchaseCommon Stock	7,827	$8.87	$69,425.49	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 8 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,568.161 Read SEC document
November 07, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	PurchaseCommon Stock	1,869	$8.89	$16,614.85	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 7 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 12,741.161 Read SEC document
November 07, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	PurchaseCOmmon Stock	1,543	$8.90	$13,732.70	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 6 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 10,872.161 Read SEC document
November 07, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	PurchaseCommon Stock	1,625	$8.92	$14,495.00	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 5 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 9,329.161 Read SEC document
November 07, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	PurchaseCommon Stock	7,136	$8.93	$63,724.48	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 4 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,704.161 Read SEC document
October 16, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	OtherCommon Stock	8.693	$10.30	$89.54	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 3 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 568.161 F1 · kind: Acquired through broker-sponsored automatic dividend reinvestment program. Read SEC document
October 03, 2017 Filed Oct 4, 2017 18:50 UTC	Ashford Inc. AINC · Entity 86648	GrantStock Options (right to purchase) · Derivative	17,500	$0.00 Strike: $57.71	$0.00	Disclosure SEC source: 0000909143-17-000073 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 17,500 Underlying: Common Stock · 17,500 shares Expires 2027-10-03 F1 · kind: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. F1 · price: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. Read SEC document
July 17, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	OtherCommon Stock	8.506	$10.36	$88.12	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 559.468 F1 · kind: Acquired through broker-sponsored automatic dividend reinvestment program. Read SEC document
April 27, 2017 Filed May 1, 2017 18:23 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	GrantLTIP Units · Derivative	22,624	$0.05 Strike: $0.00	$1,131.20	Disclosure SEC source: 0000909143-17-000046 · primary_doc.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 33,552 Underlying: Common Stock · 22,624 shares Expires not disclosed F4 · security: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F4 · derivative.exercise_price: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F2 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). Such awards are subject to approval, by the Issuer's shareholders, of an amendment to the Plan to increase the number of shares of common stock available thereunder. F2 · price: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). Such awards are subject to approval, by the Issuer's shareholders, of an amendment to the Plan to increase the number of shares of common stock available thereunder. F9 · derivative.exercise_date: The LTIP Units reported herein vest and are convertible in three equal installments over a three-year term from the date of the award. See Footnote 4 discussing the convertibility of vested LTIP Units. F12 · derivative.expiration_date: Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested Performance LTIP Units) have an expiration date. F4 · derivative.underlying: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F8 · derivative.underlying_shares: Reflects only the number of shares of underlying securities into which the reported award of LTIP Units (not the aggregate number of LTIP Units) is convertible. See Footnote 4 discussing the convertibility of vested LTIP Units. F10 · balance_after: Reflects the aggregate number of LTIP Units held by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Partnership Units, (ii) have not yet achieved parity with the Common Partnership Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. See Footnote 4 discussing convertibility of LTIP Units and Footnote 5 discussing convertibility of Common Partnership Units. Read SEC document
April 27, 2017 Filed May 1, 2017 18:23 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	GrantPerformance LTIP Units (2017) · Derivative	45,249	$0.05 Strike: $0.00	$2,262.45	Disclosure SEC source: 0000909143-17-000046 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 45,249 Underlying: Common Stock · 45,249 shares Expires 2019-12-31 F1 · security: Each performance LTIP Unit ("Performance LTIP Unit") awards represents an LTIP Unit (as defined below) subject to performance-based vesting criteria. F1 · derivative.exercise_price: Each performance LTIP Unit ("Performance LTIP Unit") awards represents an LTIP Unit (as defined below) subject to performance-based vesting criteria. F2 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). Such awards are subject to approval, by the Issuer's shareholders, of an amendment to the Plan to increase the number of shares of common stock available thereunder. F7 · shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number (22,624) of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2017 (with respect to the 2015 grant) and December 31, 2019 (with respect to the 2017 grant - reported herein). See Footnote 4 discussing the convertibility of vested LTIP Units. F2 · price: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2013 Equity Incentive Plan (the "Plan"). Such awards are subject to approval, by the Issuer's shareholders, of an amendment to the Plan to increase the number of shares of common stock available thereunder. F4 · derivative.underlying: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Partnership Units (as defined below) are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 5 discussing convertibility of Common Partnership Units. F7 · derivative.underlying_shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number (22,624) of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2017 (with respect to the 2015 grant) and December 31, 2019 (with respect to the 2017 grant - reported herein). See Footnote 4 discussing the convertibility of vested LTIP Units. F7 · balance_after: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units for such respective award. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number (22,624) of Performance LTIP Units, based on achievement of a specified relative total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative total stockholder return, the Performance LTIP Units, as adjusted, will generally vest on December 31, 2017 (with respect to the 2015 grant) and December 31, 2019 (with respect to the 2017 grant - reported herein). See Footnote 4 discussing the convertibility of vested LTIP Units. Read SEC document
April 18, 2017 Filed Apr 19, 2017 17:32 UTC	Ashford Inc. AINC · Entity 86648	GrantStock Options (right to purchase) · Derivative	17,500	$0.00 Strike: $57.34	$0.00	Disclosure SEC source: 0000909143-17-000035 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP, Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 17,500 Underlying: Common Stock · 17,500 shares Expires 2027-04-18 F1 · kind: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. F1 · price: The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan. Read SEC document
April 17, 2017 Filed Nov 9, 2017 17:04 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	OtherCommon Stock	7.962	$10.91	$86.87	Disclosure SEC source: 0000909143-17-000078 · primary_doc.xml · nonDerivative · entry 1 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 550.962 F1 · kind: Acquired through broker-sponsored automatic dividend reinvestment program. Read SEC document
March 24, 2017 Filed Mar 28, 2017 23:24 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantSpecial Limited Partnership Units · Derivative	121,000	$0.05 Strike: $0.00	$6,050.00	Disclosure SEC source: 0000909143-17-000024 · primary_doc.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · EVP-Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 466,084 Underlying: Common Stock · Not disclosed shares Expires not disclosed F4 · security: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F4 · derivative.exercise_price: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F3 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F4 · shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F5 · derivative.exercise_date: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 4 discussing the convertibility of Vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Units nor the LTIP Units have an expiration date. F4 · derivative.underlying: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F4 · derivative.underlying_shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F8 · balance_after: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. Read SEC document
March 24, 2017 Filed Mar 28, 2017 23:24 UTC	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance LTIP Units (2017) · Derivative	242,000	$0.05 Strike: $0.00	$12,100.00	Disclosure SEC source: 0000909143-17-000024 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP-Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 242,000 Underlying: Common Stock · 242,000 shares Expires 2020-03-24 F1 · security: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit (as defined below) subject to specified performance-based vesting criteria. F1 · derivative.exercise_price: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit (as defined below) subject to specified performance-based vesting criteria. F3 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F2 · shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 121,000. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F2 · derivative.underlying: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 121,000. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F2 · derivative.underlying_shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 121,000. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F4 · derivative.underlying_shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F2 · balance_after: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 121,000. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F4 · balance_after: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. Read SEC document
March 24, 2017 Filed Apr 13, 2017 20:35 UTC Amendment	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantSpecial Limited Partnership Units · Derivative	128,971	$0.05 Strike: $0.00	$6,448.55	Disclosure SEC source: 0000910484-17-000001 · primary_doc.xml · derivative · entry 3 Welter Jeremy · CIK 0001516834 · EVP-Asset 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 474,055 Underlying: Common Stock · Not disclosed shares Expires not disclosed F4 · security: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F4 · derivative.exercise_price: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F3 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F4 · shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F5 · derivative.exercise_date: The LTIP Units acquired by the Reporting Person, as reported herein, vest in three (3) substantially equal installments on the first three (3) anniversaries of the date of grant. See Footnote 4 discussing the convertibility of Vested LTIP Units. F6 · derivative.expiration_date: Neither the Common Units nor the LTIP Units have an expiration date. F4 · derivative.underlying: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F4 · derivative.underlying_shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F8 · balance_after: Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person following the LTIP Units award reported herein, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes. Read SEC document
March 24, 2017 Filed Apr 13, 2017 20:35 UTC Amendment	ASHFORD HOSPITALITY TRUST INC AHT · Entity 7629	GrantPerformance LTIP Units (2017) · Derivative	257,942	$0.05 Strike: $0.00	$12,897.10	Disclosure SEC source: 0000910484-17-000001 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP-Asset 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 257,942 Underlying: Common Stock · 257,942 shares Expires 2020-03-24 F1 · security: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit (as defined below) subject to specified performance-based vesting criteria. F1 · derivative.exercise_price: Each performance LTIP unit ("Performance LTIP Unit") award represents an LTIP Unit (as defined below) subject to specified performance-based vesting criteria. F4 · derivative.exercise_price: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F3 · kind: The Reporting Person received the LTIP Units and Performance LTIP Units awards reported herein under the Issuer's 2011 Stock Incentive Plan. F2 · shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 128,971. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F7 · price: Per newly acquired LTIP Unit and Performance LTIP Unit purchase price. F2 · derivative.underlying: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 128,971. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F2 · derivative.underlying_shares: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 128,971. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F4 · derivative.underlying_shares: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. F2 · balance_after: Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 200% of the target number of LTIP Units of 128,971. The actual number of Performance LTIP Units that may vest can range from 0% to 200% of the target number of Performance LTIP Units, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder return, the Performance LTIP Units, will generally vest on March 31, 2019 (with respect to the 2016 Performance LTIP Unit award), and on March 24, 2020 (with respect to the 2017 Performance LTIP Unit award). See Footnote 4 discussing the convertibility of Vested LTIP Units. F4 · balance_after: Special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 9 discussing the convertibility of the Common Units. Read SEC document
October 13, 2016 Filed Oct 17, 2016 20:35 UTC	Braemar Hotels & Resorts Inc. AHP · Entity 6531	GrantPerformance Stock Units · Derivative	28,329	$0.00 Strike: $0.00	$0.00	Disclosure SEC source: 0000909143-16-000104 · primary_doc.xml · derivative · entry 2 Welter Jeremy · CIK 0001516834 · EVP - Asset Management 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 28,329 Underlying: Common Stock · 28,329 shares Expires 2018-12-31 F1 · security: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F1 · derivative.exercise_price: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F1 · kind: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F5 · shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder return, as determined by the compensation committee of the Board of Directors of the Issuer. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria prior to the end of the specified performance period, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018. F1 · price: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F1 · derivative.underlying: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F1 · derivative.underlying_shares: Performance Stock Units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan. Each Performance Stock Unit ("Performance Stock Unit") award represents the right, upon achievement of certain specified performance-based vesting criteria prior to the end of a specified performance period, to receive one (1) share of the Issuer's common stock. F5 · derivative.underlying_shares: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder return, as determined by the compensation committee of the Board of Directors of the Issuer. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria prior to the end of the specified performance period, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018. F5 · balance_after: Represents the target share amount that may be issued pursuant to such award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 200% of the number of Performance Stock Units awarded, based on achievement of a specified relative total stockholder return, as determined by the compensation committee of the Board of Directors of the Issuer. Assuming continued service through the vesting date and achievement of the specified performance-based vesting criteria prior to the end of the specified performance period, the Performance Stock Units, as adjusted, will generally vest on December 31, 2018. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.