CAPSTEAD MORTGAGE CORP 4
4 · CAPSTEAD MORTGAGE CORP · Filed Jan 6, 2015
Insider Transaction Report
Form 4
JACOBS ANDREW F
DirectorChief Executive Officer
Transactions
- Award
Performance Units
2015-01-02+93,058→ 184,225 total→ Common Stock
Footnotes (1)
- [F1]Performance Units ("Units") issued by the Issuer to the Reporting Person. Such Units are convertible into common stock of the Issuer after December 31, 2017 and before March 15, 2018, with the conversion factor determined fomulaically, based on achievement of stated performance criteria. The Units target a one-for-one conversion ratio into the common stock of the Issuer; however, the actual conversion ratio will be dependent on the achievement of the performance objectives outlines in the Issuer's 2014 Long-Term Award criteria. The Units could expire without converting into any shares of common stock of the Issuer or could be convertible into as many as 200% of the number of Units granted to the Reporting Person. The Units will terminate on December 31, 2017 if the minimum performance criteria are not achieved.