SEC Form 5 · accession 0001179110-18-002042

ANWORTH MORTGAGE ASSET CORP · ANH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Executive Officer · Director

Period of report

Dec 31, 2017

Accepted (ET)

Feb 14, 2018 · 1:14 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001047884

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Dec 31, 2017	J	25,834	—	A	1,252,488	D
Common Stock^F3	holding	—	—		—	41,500	I	By spouse
Common Stock^F4	holding	—	—		—	33,700	I	McAdams Foundation

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Unit^F5,F6	—	holding	—	—	—	—	—	Common Stock	197,176	197,176	D

F1These shares were acquired under the Anworth Mortgage Asset Corporation Dividend Reinvestment and Stock Purchase Plan in exempt transactions pursuant to Rule 16a-11 at the then-current market prices during calendar year 2017.
F2Mr. McAdams owns 62,500 shares individually. The balance of these shares are owned as community property with his spouse.
F3Mr. McAdams' spouse owns 41,500 shares in which Mr. McAdams disclaims any beneficial interest.
F4Shares held by the McAdams Foundation, of which Mr. McAdams is a director.
F51-for-1.
F6The Restricted Stock Units are not vested at the Grant Date. During the period commencing on the day immediately following the three (3) year anniversary of the Grant Date and ending on the ten (10) year anniversary of the Grant Date, the Restricted Stock Units shall vest on the last day of any month when the total return to stockholders (meaning the aggregate of Common Stock price appreciation and dividends declared, assuming full reinvestment of dividends) exceeds 10% per annum. Also, during the period commencing on the Grant Date and ending on the last day of the calendar month after the three (3) year anniversary of the Grant Date, the Restricted Stock Units shall vest immediately upon the Grantee's involuntary termination of service for any reason other than for Cause. In regards to these Restricted Stock Units, no common shares will be issued until the Units vest.