SEC Form 4 · accession 0001273685-17-000046
ADAMAS TRUST, INC. · ADAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Mumma
Officer — CEO · Director
Period of report
May 22, 2017
Accepted (ET)
May 23, 2017 · 5:45 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001273685
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | May 22, 2017 | A | 6,258 | $0.00 | A | 581,484 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the balance of the restricted shares earned by Steven R. Mumma in 2016 under the New York Mortgage Trust, Inc. (the "Company") 2013 Incentive Compensation Plan (as amended), which are being issued pursuant to a letter agreement between Mr. Mumma and the Company. The shares issuable pursuant to the letter agreement were subject to the Company's stockholders approving the New York Mortgage Trust, Inc. 2017 Equity Incentive Plan (the "2017 Plan") and the Company's filing of a registration statement on Form S-8 with respect to the 2017 Plan. The Company's stockholders approved the 2017 Plan on May 11, 2017 and the Company filed a registration statement on Form S-8 with respect to the 2017 Plan on May 22, 2017. The restricted shares have been issued under the 2017 Plan and will become fully vested and non-forfeitable ratably on each of February 8, 2018, February 8, 2019 and February 8, 2020.