Cherry Hill Mortgage Investment Corp 4
4 · Cherry Hill Mortgage Investment Corp · Filed Jun 16, 2016
Insider Transaction Report
Form 4
Levine Martin
Chief Financial Officer
Transactions
- Award
LTIP Units
2016-06-15+4,500→ 18,750 total→ Common Stock (4,500 underlying)
Footnotes (1)
- [F1]Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest ratably and become nonforfeitable, subject to the reporting person's continued service to the Issuer, the external manager, Cherry Hill Mortgage Management, LLC or its affiliate, on September 15, 2017, 2018 and 2019, and have no expiration date.