4//SEC Filing
Sutherland Asset Management Corp 4
Accession 0001104659-16-159814
$RCCIK 0001527590operating
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 6:43 PM ET
Size
7.4 KB
Accession
0001104659-16-159814
Insider Transaction Report
Form 4
HERBST FREDERICK C
Chief Financial Officer
Transactions
- Purchase
Common Stock
2016-11-28$13.15/sh+10,000$131,500→ 18,356 total
Holdings
- 14,733(indirect: By Sutherland REIT Holdings, LP)
Common Stock
Footnotes (4)
- [F1]The shares of common stock of the Issuer are held through FREDERICK C HERBST & CAROLYN B HERBST JT TEN, a joint tenant account of the Reporting Person and his wife.
- [F2]The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $13.05 to $13.20, inclusive on November 28, 2016. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- [F3]These shares represent 14,733 shares of common stock of the Issuer out of the 13,733,959 total shares of common stock held by Sutherland REIT Holdings, LP (the "Partnership") based on the Reporting Person's percentage ownership in the Partnership. Waterfall Management, LLC, an affiliate of Waterfall Asset Management, LLC, the Issuer's external manager, serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of common stock of the Issuer that are held by the Partnership. In addition, the Reporting Person is a managing director of Waterfall Asset Management, LLC and may be deemed to share voting and investment power over the shares of common stock of the Issuer held by the Partnership.
- [F4]However, Waterfall Management, LLC does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of common stock, except to the extent of the 14,733 shares reported herein, which represents his economic interest in the Partnership.
Documents
Issuer
Sutherland Asset Management Corp
CIK 0001527590
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001527590
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 6:43 PM ET
- Size
- 7.4 KB