BROWN THAD M 4
4 · ANWORTH MORTGAGE ASSET CORP · Filed Nov 29, 2012
Insider Transaction Report
Form 4
BROWN THAD M
CFO, Secretary and Treasurer
Transactions
- Purchase
Series B Cumulative Convertible Preferred Stock
2012-11-28$24.40/sh+737.705$18,000→ 737.705 total(indirect: By IRA)Exercise: $10.50From: 2012-11-28→ Common Stock (2,798 underlying)
Holdings
- 35,877
Common Stock
- 38,700
Stock Option (right to buy)
Exercise: $13.80From: 2004-05-01Exp: 2013-05-01→ Common Stock (38,700 underlying)
Footnotes (3)
- [F1]With respect to 19,430 shares of common stock, the shares vest in ten equal annual installments, with the first shares having vested on 10/27/06. With respect to the remaining 16,447 shares of common stock, the shares may vest in equal installments over the three year period beginning 10/18/06 provided that the annual compounded rate of return on the common stock of Anworth Mortgage Asset Corporation, including dividends, exceeds 12%, measured from the effective date of the grant to each of the next three anniversary dates. If the annually compounded rate of return does not exceed 12%, then the shares will vest on the anniversary date thereafter when the annually compounded rate of return exceeds 12%. If the annually compounded rate of return does not exceed 12% within ten years after the effective date of the grant, then the shares will be forfeited. The shares will fully vest within the ten-year period upon the death of the reporting person.
- [F2]The Series B Cumulative Convertible Preferred Stock is convertible into shares of Anworth Mortgage Asset Corporation common stock initially at a conversion price per share 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 with the Securities and Exchange Commission on January 30, 2007.
- [F3]The Series B Cumulative Convertible Preferred Stock has no expiration date.