<SEC-DOCUMENT>0000909143-16-000102.txt : 20161017
<SEC-HEADER>0000909143-16-000102.hdr.sgml : 20161017
<ACCEPTANCE-DATETIME>20161017194957
ACCESSION NUMBER:		0000909143-16-000102
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20161013
FILED AS OF DATE:		20161017
DATE AS OF CHANGE:		20161017

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ashford Hospitality Prime, Inc.
		CENTRAL INDEX KEY:			0001574085
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				462488594
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
		BUSINESS PHONE:		(972) 490-9600

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bennett Monty J
		CENTRAL INDEX KEY:			0001260654

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35972
		FILM NUMBER:		161939685

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254

	FORMER NAME:	
		FORMER CONFORMED NAME:	BENNETT MONTGOMERY J
		DATE OF NAME CHANGE:	20030820
</SEC-HEADER>
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<SEQUENCE>1
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        <issuerTradingSymbol>AHP</issuerTradingSymbol>
    </issuer>

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            <rptOwnerZipCode>75254</rptOwnerZipCode>
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    <footnotes>
        <footnote id="F1">Performance LTIP units granted to the Reporting Person under the Issuer's 2013 Equity Incentive Plan.  Each performance LTIP unit (&quot;Performance LTIP Unit&quot;) award represents the right to receive one (1) LTIP Unit (as defined below) subject to performance-based vesting criteria at the end of a specified performance period.</footnote>
        <footnote id="F2">Special long-term incentive partnership units (&quot;LTIP Units&quot;) in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary (&quot;Subsidiary&quot;).</footnote>
        <footnote id="F3">Represents the maximum number of LTIP Units that may be issued pursuant to an 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 for any such award that vest can range from 0% to 200% of the target number of Performance LTIP Units, 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 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, 2018 (with respect to the 2016 grant - reported herein).</footnote>
        <footnote id="F4">Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary (&quot;Common Partnership Units&quot;), are convertible into Common Partnership Units at the option of the Reporting Person.  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.</footnote>
        <footnote id="F5">Per LTIP Unit purchase price.</footnote>
        <footnote id="F6">The LTIP Units reported herein vest and are convertible in three equal installments over a three-year term from the date of the award.</footnote>
        <footnote id="F7">Common Partnership Units beneficially owned by the Reporting Person, some of which may have been converted from LTIP Units.</footnote>
        <footnote id="F8">Neither the Common 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.</footnote>
        <footnote id="F9">Includes LTIP Units previously granted to, and reported by, the Reporting Person having different grant and vesting dates, some of 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 for reporting purposes.</footnote>
        <footnote id="F10">The Common Partnership Units reflected as beneficially owned indirectly through Ashford Financial Corporation reflect only the Reporting Person's pecuniary interest in all Common Partnership Units owned by such entity.  The Reporting Person hereby disclaims interest in all other securities of the Issuer or the Subsidiary owned directly by such entity.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Monty J. Bennett</signatureName>
        <signatureDate>2016-10-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</DOCUMENT>
</SEC-DOCUMENT>
