Sec Form 4 Filing - Eubanks Deric S @ Ashford Inc. - 2022-03-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Eubanks Deric S
2. Issuer Name and Ticker or Trading Symbol
Ashford Inc. [ AINC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO and Treasurer
(Last) (First) (Middle)
14185 DALLAS PARKWAY, SUITE 1200
3. Date of Earliest Transaction (MM/DD/YY)
03/11/2022
(Street)
DALLAS, TX75254
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/15/2022 A( 1 ) 17,206 A( 1 ) $ 0( 1 ) 56,830 D
Common Stock 03/11/2022 F( 2 ) 2,029 D $ 17.75( 3 ) 39,624 D
Common Stock 30 I By spouse's IRA
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (right to purchase) $ 61.12 02/27/2022 02/27/2029 Common Stock 35,000 35,000 D
Stock Options (right to purchase) $ 94.96 03/14/2021 03/14/2028 Common Stock 27,451 27,451 D
Stock Options (right to purchase) $ 57.71 10/03/2020 10/03/2027 Common Stock 17,500 17,500 D
Stock Options (right to purchase) $ 57.34 04/18/2020 04/18/2027 Common Stock 17,500 17,500 D
Stock Options (right to purchase) $ 45.59 03/31/2019 03/31/2026 Common Stock 35,000 35,000 D
Stock Options (right to purchase) $ 85.97 12/11/2017 12/11/2022 Common Stock 30,000 30,000 D
Common Units( 4 ) $ 0( 4 ) ( 4 ) ( 4 ) Common Stock( 4 ) 27.8 27.8 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Eubanks Deric S
14185 DALLAS PARKWAY
SUITE 1200
DALLAS, TX75254
CFO and Treasurer
Signatures
/s/ Deric S. Eubanks 03/15/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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 restricted stock held by the Reporting Person.
( 3 )Represents the closing price of the common stock on March 10, 2022, the last trading day before the date of forfeiture.
( 4 )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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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