Statement of Changes in Beneficial Ownership (4)
March 22 2021 - 4:34PM
Edgar (US Regulatory)
FORM 4
[X]
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
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Mielle Dominique |
2. Issuer Name and Ticker or Trading Symbol
ANWORTH MORTGAGE ASSET CORP
[
ANH
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
1299 OCEAN AVENUE, 2ND FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/19/2021 |
(Street)
SANTA MONICA, CA 90401
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 3/19/2021 | | D | | 45000 | D | (1) | 0 | D | |
Series A Cumulative Preferred Stock | 3/19/2021 | | D | | 1000 | D | (2) | 0 | D | |
Series C Cumulative Redeemable Preferred Stock | 3/19/2021 | | D | | 500 | D | (3) | 0 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Restricted Stock Unit | (4) | 3/19/2021 | | D | | | 6000 | (4) | (4) | Common Stock | 6000 | (4) | 0 | D | |
Explanation of Responses: |
(1) | On March 19, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready Capital Corporation ("Ready Capital"), RC Merger Subsidiary, LLC, a wholly owned subsidiary of Ready Capital ("Merger Sub"), and the Issuer (the "Merger Agreement"), the Issuer merged with and into Merger Sub with Merger Sub surviving as the continuing company (the "Merger"). Upon consummation of the Merger, each share of common stock of the Issuer was converted into the right to receive from Ready Capital (i) 0.1688 newly issued shares of common stock, par value $0.0001 per share, of Ready Capital, plus (ii) $0.61 in cash (the "Per Share Common Merger Consideration"). |
(2) | Pursuant to the Merger Agreement, at the closing of the Merger, each such share of Issuer Series A Cumulative Preferred Stock was converted into the right to receive one share of Ready Capital 8.625% Series B Cumulative Preferred Stock, par value $0.0001 per share. |
(3) | Pursuant to the Merger Agreement, at the closing of the Merger, each such share of Issuer Series C Cumulative Redeemable Preferred Stock was converted into the right to receive one share of Ready Capital 7.625% Series D Cumulative Redeemable Preferred Stock, par value $0.0001 per share. |
(4) | Pursuant to the Merger Agreement, at the closing of the Merger, each such Restricted Stock Unit vested and was converted into the right to receive the Per Share Common Merger Consideration. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Mielle Dominique 1299 OCEAN AVENUE 2ND FLOOR SANTA MONICA, CA 90401 | X |
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Signatures
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Dominique Mielle | | 3/22/2021 |
**Signature of Reporting Person | Date |
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