4//SEC Filing
Sutherland Asset Management Corp 4
Accession 0001104659-17-024941
$RCCIK 0001527590operating
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 5:31 PM ET
Size
5.8 KB
Accession
0001104659-17-024941
Insider Transaction Report
Form 4
REESE J MITCHELL
Director
Transactions
- Award
Common Stock
2017-03-29+10,000→ 25,000 total(indirect: By Trust)
Footnotes (2)
- [F1]On March 29, 2017, the reporting person was awarded 10,000 Restricted Stock Units ("RSUs") under the 2012 Sutherland Asset Management Corporation Equity Incentive Plan, which represent the right to receive one share of Common Stock of the issuer for each RSU at vesting. Pursuant to the terms of the award agreement, 5,000 RSUs vested on the date of the grant, with the remaining 5,000 RSUs vesting in equal increments of one-quarter on March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the issuer.
- [F2]The reporting person owns the shares of Common Stock of the issuer through the J. Mitchell Reese Jr. Trust, UA 5/5/1999. The reporting person serves as the trustee and sole beneficiary of the trust and has sole voting and investment power with respect to the securities held by the trust.
Documents
Issuer
Sutherland Asset Management Corp
CIK 0001527590
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001527590
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 5:31 PM ET
- Size
- 5.8 KB