SPEARS ROBERT R JR 4
4 · CAPSTEAD MORTGAGE CORP · Filed Mar 11, 2019
Insider Transaction Report
Form 4
SPEARS ROBERT R JR
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
2019-03-08+14,001→ 528,363 total - Exercise/Conversion
Restricted Stock Units
2019-03-08−69,656→ 184,593 total→ Common Stock (69,656 underlying)
Footnotes (1)
- [F1]On February 1, 2016, the reporting person was granted 69,656 performance units (the "Units") which are convertible into common stock of the Issuer after the conclusion of the performance period beginning January 1, 2016 and ending December 31, 2018, with the conversion factor determined formulaically based on individual achievement of stated performance metrics outlined in the Issuer's 2016 Long-Term Award criteria, and the conversion date determined by the Issuer's Compensation Committee. As a result, 14,001 Units were converted into the Issuer's common stock on March 8, 2019, and 55,655 Units expired without converting into any common stock.