SEC Form 4 · accession 0001209191-17-015896
ANWORTH MORTGAGE ASSET CORP · ANH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Lloyd McAdams
Officer — CEO · Director
Period of report
Feb 27, 2017
Accepted (ET)
Mar 1, 2017 · 4:37 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 StockF1,F2 | Feb 27, 2017 | J | 38,377 | — | D | 1,268,155 | D | |
| Common StockF3 | holding | — | — | — | 41,500 | I | By spouse | |
| Common StockF4 | holding | — | — | — | 33,700 | I | McAdams Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F6 | — | holding | — | — | — | — | — | Common Stock | 91,169 | 91,169 | D |
Explanation of responses
- F1Pursuant to action by the Compensation Committee of the Board of Directors of the Issuer on February 27, 2017, such shares have been forfeited by the reporting person, effective as of January 3, 2017, because they are no longer able to be vested.
- 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 has disclaimed 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. 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.