Wongtrakool Bonnie M. 4
4 · Western Asset Mortgage Capital Corp · Filed Dec 8, 2023
Insider Transaction Report
Form 4
Wongtrakool Bonnie M.
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Stock, par value $0.01 per share
2023-12-06−1,060→ 0 total(indirect: By IRA)
Footnotes (2)
- [F1]On December 6, 2023, AG Mortgage Investment Trust, Inc. ("MITT") acquired Western Asset Mortgage Capital Corporation (the "Issuer") pursuant to an Agreement and Plan of Merger, dated as of August 8, 2023, entered into by and among the Issuer, MITT, AGMIT Merger Sub, LLC, a wholly owned subsidiary of MITT ("Merger Sub"), and solely for the limited purposes set forth in the Merger Agreement, AG REIT Management, LLC ("MITT Manager") (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer, with Merger Sub surviving such merger as a subsidiary of MITT (the "Merger").
- [F2]At the effective time of the Merger (the "Effective Time"), each outstanding share of the Issuer common stock (other than certain excluded shares) automatically converted into the right to receive 1.498 validly issued, fully-paid and nonassessable shares of MITT common stock, and $0.92 in cash from MITT Manager, subject to any applicable withholding taxes.