Maron Mark S 4
4 · ANWORTH MORTGAGE ASSET CORP · Filed Mar 22, 2021
Insider Transaction Report
Form 4
Maron Mark S
Director
Transactions
- Disposition to Issuer
Common Stock
2021-03-19−30,000→ 0 total - Disposition to Issuer
Restricted Stock Unit
2021-03-19−16,000→ 0 total→ Common Stock (16,000 underlying)
Footnotes (2)
- [F1]On March 19, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of December 6, 2020, by and among Ready Capital Corporation ("Ready Capital"), RC Merger Subsidiary, LLC, a wholly owned subsidiary of Ready Capital ("Merger Sub"), and the Issuer (the "Merger Agreement"), the Issuer merged with and into Merger Sub with Merger Sub surviving as the continuing company (the "Merger"). Upon consummation of the Merger, each share of common stock of the Issuer was converted into the right to receive from Ready Capital (i) 0.1688 newly issued shares of common stock, par value $0.0001 per share, of Ready Capital, plus (ii) $0.61 in cash (the "Per Share Common Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the closing of the Merger, each such Restricted Stock Unit vested and was converted into the right to receive the Per Share Common Merger Consideration.