4//SEC Filing
Ross Jack J. 4
Accession 0001104659-20-035356
CIK 0001527590other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 4:15 PM ET
Size
9.0 KB
Accession
0001104659-20-035356
Insider Transaction Report
Form 4
Ross Jack J.
DirectorPresident
Transactions
- Purchase
Common Stock
2020-03-16$9.54/sh+25,000$238,583→ 145,797 total
Holdings
- 16,188(indirect: By Waterfall)
Common Stock
- 145,871(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $9.49 to $9.60, inclusive on March 16, 2020. 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.
- [F2]The Reporting Person owns the shares of Common Stock of the Issuer through the Mr. Jack J. Ross and Mrs. Robin J. Ross JTWROS, a joint tenant account of the Reporting Person and his wife.
- [F3]These shares represent the 16,188 shares of Common Stock of the Issuer out of the 47,895 and 8,454 total shares of Common Stock owned by the Waterfall Asset Management, LLC (the "Manager") and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, including through each entity's ownership of Sutherland REIT Holdings, LP (the "Partnership"), based on the Reporting Person's percentage of direct ownership interests in Waterfall.
- [F4]WM serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 12,768,685 shares of Common Stock held by the Partnership.
- [F5]However, WM 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, WM 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 16,188 shares reported herein, which represents his economic interest in the Manager, including through the Manager's ownership of the Partnership.
- [F6]The Reporting Person owns the shares of Common Stock of the Issuer through the Robin J. Ross 2009 Trust. The Reporting Person does not serve as the trustee for the trust and the Reporting Person's wife is the trustee and sole beneficiary of the trust. The trustee of the trust has sole voting and investment power with respect to the securities held by the trust.
Documents
Issuer
Ready Capital Corp
CIK 0001527590
Entity typeother
Related Parties
1- filerCIK 0001469109
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 4:15 PM ET
- Size
- 9.0 KB