AMERICOLD REALTY TRUST — Director's Dealing 2018

May 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICOLD REALTY TRUST (NYSE: COLD)
CIK: 0001455863
Period of Report: 2018-05-15

Reporting Person: Gault Jeffrey M (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-15	Common Shares of Beneficial Interest	M	100000	$9.81	Acquired	100000	Direct
2018-05-15	Common Shares of Beneficial Interest	F	46648	$21.03	Disposed	53352	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-15	Stock Option	$9.81	M	100000	Disposed	2022-02-01	Common Shares of Beneficial Interest (100000)	Direct

Footnotes

F1: On May 15, 2018, Mr. Gault made a net exercise of 100,000 stock options, resulting in his acqusition of 53,352 common shares of beneficial interest of Americold Realty Trust (the "Company"). The transactions described herein were pursuant to an exception to a lock-up agreement between Mr. Gault and the underwriters with respect to the initial public offering of the Company.

F2: Options to acquire common shares of beneficial interest vested 20% each on February 1, 2013, 2014, 2015, 2016 and 2017.