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 OF SECURITIES 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 * Bennett Monty J   2. Issuer Name and Ticker or Trading Symbol Ashford Inc. [AINC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 14185 DALLAS PARKWAY, SUITE 1100 3. Date of Earliest Transaction (Month/Day/Year) 03/14/2018 (Street) DALLAS, TX 75254 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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               14,154 I (3) By MJB Operating, LP Common Stock               115,477 I By MJB Investments LP Common Stock               53,726 I By Dartmore LP Common Stock               11,602 I By Reserve, LP IV Common Stock               7,763 I By Reserve, LP III Common Stock               9,225 (4) I By Ashford Financial Corporation

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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)

$ 94.96

03/14/2018

A(1)

77,206

03/14/2021

03/14/2028

Common Stock

77,206

$ 0 (1)

77,206

D

Stock Options (right to purchase)

$ 57.71

10/03/2020

10/03/2027

Common Stock

50,000

50,000

D

Stock Options (right to purchase)

$ 57.34

04/18/2020

04/18/2027

Common Stock

50,000

50,000

I (3)

By MJB Operating, LP

Stock Options (right to purchase)

$ 45.59

03/31/2019

03/31/2026

Common Stock

100,000

100,000

I (3)

By MJB Operating, LP

Stock Options (right to purchase)

$ 85.97

12/11/2017

12/11/2022

Common Stock

95,000

95,000

I (3)

By MJB Operating, LP

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

143.04

143.04

I (3)

By MJB Operating, LP

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

501.6

501.6

I

By Dartmore LP

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

35.91

35.91

I

By MJB Investments LP

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

109.24

109.24

I

By Reserve, LP IV

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

78.67

78.67

I

By Reserve, LP III

Common Units (2)

$ 0 (2)

(2)

(2)

Common Stock (2)

93.18 (4)

93.18 (4)

I

By Ashford Financial Corporation

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Bennett Monty J 14185 DALLAS PARKWAY, SUITE 1100 DALLAS, TX 75254	X	X	Chief Executive Officer

Signatures

/s/ Monty J. Bennett		03/16/2018
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	The options were acquired from the Issuer in a grant under the Issuer's 2014 Incentive Plan.
(2)	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.
(3)	Previously reported as directly owned by the Reporting Person. Reflects the recent transfer of such securities to MJB Operating, LP, which is wholly-owned, directly or indirectly, by the Reporting Person.
(4)	Reflects the Reporting Person's pecuniary interest in such securities held directly by Ashford Financial Corporation, of which the Reporting Person is a shareholder. The Reporting Person disclaims any beneficial interest in any other Common Units or any shares of the Issuer's common stock (or securities convertible into shares of the Issuer's common stock) held directly or indirectly by Ashford Financial Corporation.

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