Deer Park Road Management GP, LLC 4
4 · Front Yard Residential Corp · Filed Dec 21, 2020
Insider Transaction Report
Form 4
Transactions
- Exercise of In-Money
Common Stock
2020-12-18$10.00/sh+1,000,000$10,000,000→ 8,682,494 total(indirect: See footnotes) - Exercise of In-Money
Call Option (Right to Buy)
2020-12-18−10,000→ 0 total(indirect: See Footnotes)Exercise: $10.00From: 2020-08-07Exp: 2020-12-18→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]These shares of the Issuer's common stock ("Shares") are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.
- [F2]Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.