<SEC-DOCUMENT>0000909143-17-000047.txt : 20170501
<SEC-HEADER>0000909143-17-000047.hdr.sgml : 20170501
<ACCEPTANCE-DATETIME>20170501183940
ACCESSION NUMBER:		0000909143-17-000047
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170427
FILED AS OF DATE:		20170501
DATE AS OF CHANGE:		20170501

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:			NUNNELEY MARK
		CENTRAL INDEX KEY:			0001261029

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35972
		FILM NUMBER:		17802450

	MAIL ADDRESS:	
		STREET 1:		14185 DALLAS PARKWAY
		STREET 2:		SUITE 1100
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75254
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
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    <issuer>
        <issuerCik>0001574085</issuerCik>
        <issuerName>Ashford Hospitality Prime, Inc.</issuerName>
        <issuerTradingSymbol>AHP</issuerTradingSymbol>
    </issuer>

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            <rptOwnerCik>0001261029</rptOwnerCik>
            <rptOwnerName>NUNNELEY MARK</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>14185 DALLAS PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75254</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Accounting Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Common Stock</value>
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        </derivativeHolding>
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            <securityTitle>
                <value>Common Partnership Units</value>
                <footnoteId id="F6"/>
            </securityTitle>
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                <value>0</value>
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            </conversionOrExercisePrice>
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                <value>2014-11-19</value>
            </exerciseDate>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                    <footnoteId id="F8"/>
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        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2013 Equity Incentive Plan (the &quot;Plan&quot;).  Such shares vest in three (3) substantially equal installments on the first three anniversaries of the date of grant.  Such award is 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.</footnote>
        <footnote id="F2">The Reporting Person received the Performance Stock Units (as defined below) pursuant to an award granted by the Issuer under the Issuer's 2013 Equity Incentive Plan.  Such award is 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.</footnote>
        <footnote id="F3">Each Performance Stock Unit (&quot;Performance Stock Unit&quot;) 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.</footnote>
        <footnote id="F4">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, 2017 (with respect to the 2015 grant), December 31, 2018 (with respect to the 2016 grant) and December 31, 2019 (with respect to the 2017 grant - reported herein).</footnote>
        <footnote id="F5">Special long-term incentive partnership units (&quot;LTIP Units&quot;) in Ashford Hospitality Prime Limited Partnership, the Issuer's operating subsidiary (&quot;Subsidiary&quot;).  Vested LTIP Units, upon achieving parity with the Common Partnership Units, are convertible into Common Partnership Units at the option of the Reporting Person.  See Footnote 6 discussing convertibility of Common Partnership Units.</footnote>
        <footnote id="F6">Common limited partnership units (&quot;Common Partnership Units&quot;) in the Subsidiary.  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="F7">Reflects the aggregate number of LTIP Units held by the Reporting Person and includes LTIP Units 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 5 discussing convertibility of LTIP Units and Footnote 6 discussing convertibility of Common Partnership Units.</footnote>
        <footnote id="F8">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 6 discussing the convertibility of the Common Partnership Units.</footnote>
        <footnote id="F9">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  MARK NUNNELEY</signatureName>
        <signatureDate>2017-05-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
