Lown Jeffrey B 4
4 · Cherry Hill Mortgage Investment Corp · Filed Jul 21, 2017
Insider Transaction Report
Form 4
Lown Jay
Chief Investment Officer
Transactions
- Conversion
LTIP Units
2017-07-20−20,417→ 16,831 total→ Common Stock (20,417 underlying) - Conversion
Common Units
2017-07-20+20,417→ 20,417 total→ Common Stock (20,417 underlying)
Footnotes (2)
- [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 Common Units (as described in the partnership agreement) on a one-for-one basis. The LTIP Units have no expiration date.
- [F2]Represents common units of limited partnership interest ("Common Units") in the Operating Partnership issued on exchange of vested LTIP Units. All rights are identical to those of the LTIP Units except that Common Units may be redeemed for cash or sold to the Issuer for shares of common stock on a one-for-one basis. There is no expiration date for the Common Units or the right to redeem or exchange.