5//SEC Filing
MCADAMS JOSEPH LLOYD 5
Accession 0001179110-20-000626
CIK 0001047884other
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 11:36 AM ET
Size
11.1 KB
Accession
0001179110-20-000626
Insider Transaction Report
Form 5
MCADAMS JOSEPH LLOYD
DirectorChairman, President & CEO
Transactions
- Other
Common Stock
2019-12-31+36,475→ 1,363,878 total
Holdings
- 41,500(indirect: By Spouse)
Common Stock
- 33,700(indirect: By Foundation)
Common Stock
- 197,176
Restricted Stock Unit
→ Common Stock (197,176 underlying) - 6,700(indirect: By Foundation)
Series B Cumulative Convertible Preferred Stock
Exercise: $10.50→ Common Stock (37,515 underlying)
Footnotes (9)
- [F1]These shares were acquired under the Anworth Mortgage Asset Corporation Dividend Reinvestment and Stock Purchase Plan in exempt transactions pursuant to Rule 16a-11 at the then-prevailing market prices during calendar year 2019.
- [F2]Mr. McAdams owns 62,500 shares individually. The balance of these shares are owned as community property with his spouse.
- [F3]Mr. McAdams' spouse owns 41, 500 shares in which Mr. McAdams disclaims any beneficial interest.
- [F4]Shares held by the McAdams Foundation, of which Mr. McAdams is a director.
- [F5]1-for-1.
- [F6]The Restricted Stock Units are not vested at the Grant Date. During the period commencing on the day immediately following the 3 (three) year anniversary of the Grant Date and ending on the 10 (ten) year anniversary of the Grant Date, the Restricted Stock Units shall vest on the last day of any month when the total return to stockholders (meaning the aggregate of Common Stock price appreciation and dividends declared, assuming full reinvestment of dividends) exceeds 10% per annum. Also, during the period commencing on the Grant Date and ending on the last day of the calendar month after the 3 (three) year anniversary of the Grant Date, the Restricted Stock Units shall vest immediately upon the Grantee's involuntary termination of service for any reason other than for Cause. In regards to these Restricted Stock Units, no common shares will be issued until the Units vest.
- [F7]The Series B Cumulative Convertible Preferred Stock is convertible into shares of Anworth Mortgage Asset Corporation Common Stock initially at a conversion price of $10.50, subject to adjustment upon the occurrence of certain events specified in the Articles Supplementary for Series B Cumulative Convertible Preferred Stock, a copy of which was filed as an exhibit to a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on January 30, 2007. The current conversion price reflecting such adjustment is 5.5992 per share.
- [F8]Immediately exercisable.
- [F9]The Series B Cumulative Convertible Preferred Stock has no expiration date.
Documents
Issuer
ANWORTH MORTGAGE ASSET CORP
CIK 0001047884
Entity typeother
Related Parties
1- filerCIK 0001209599
Filing Metadata
- Form type
- 5
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 11:36 AM ET
- Size
- 11.1 KB