BROWN THAD M 4
4 · ANWORTH MORTGAGE ASSET CORP · Filed Nov 17, 2009
Insider Transaction Report
Form 4
BROWN THAD M
CFO, Secretary and Treasurer
Transactions
- Sale
Series A Cumulative Preferred Stock
2009-11-16$24.10/sh−1,375$33,138→ 0 total(indirect: By 401(k))
Holdings
- 35,877
Common Stock
- 38,700
Stock Option (right to buy)
Exercise: $13.80From: 2004-05-01Exp: 2013-05-01→ Common Stock (38,700 underlying)
Footnotes (1)
- [F1]With respect to 19,430 shares of common stock, the shares vest in ten equal annual installments, with the first shares having vested on 10/27/06. With respect to the remaining 16,447 shares of common stock, the shares may vest in equal installments over the three year period beginning 10/18/06 provided that the annual compounded rate of return on the common stock of Anworth Mortgage Asset Corporation, including dividends, exceeds 12%, measured from the effective date of the grant to each of the next three anniversary dates. If the annually compounded rate of return does not exceed 12%, then the shares will vest on the anniversary date thereafter when the annually compounded rate of return exceeds 12%. If the annually compounded rate of return does not exceed 12% within ten years after the effective date of the grant, then the shares will be forfeited. The shares will fully vest within the ten-year period upon the death of the reporting person.