SEC Form 4 · accession 0001209191-16-131753
TPG Mortgage Investment Trust, Inc. · MITT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Lieberman
Officer — President and CIO · Director
Period of report
Jun 30, 2016
Accepted (ET)
Jul 6, 2016 · 5:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001514281
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jul 1, 2016 | M | 8,714 | $0.00 | A | 102,939 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F4,F5 | — | Jun 30, 2016 | A | 500 | A | — | — | Common Stock | 500 | 17,427 | D |
| Restricted Stock UnitsF2,F7 | — | Jul 1, 2016 | M | 8,714 | D | — | — | Common Stock | 8,714 | 8,713 | D |
Explanation of responses
- F1On July 1, 2016, 8,714 restricted stock units vested in 8,714 shares of common stock of AG Mortgage Investment Trust, Inc. (the "Company").
- F2Each restricted stock unit represents the right to receive one restricted share of common stock of the Company upon vesting of the unit. This transaction represents the settlement of vested restricted stock units in shares of common stock on their scheduled vesting date.
- F315,000 shares of common stock are owned jointly with the reporting person's spouse.
- F4Each restricted stock unit represents the right to receive one restricted share of common stock of the Company upon vesting of the unit.
- F550% of the restricted stock units were scheduled to vest on July 1, 2016 and the remaining 50% of the restricted stock units are scheduled to vest on July 1, 2017, assuming Mr. Lieberman remains an employee of Angelo, Gordon & Co., L.P. ("Angelo, Gordon") through such date.
- F6These restricted stock units were transferred by AG REIT Management, LLC, the Company's external manager (the "Manager"), to Mr. Lieberman for his service to the Manager.
- F7The restricted stock units held by Mr. Lieberman as of June 30, 2016 vest equally (with deviations for rounding as required) on July 1, 2016 and July 1, 2017. The restricted stock units scheduled to vest on July 1, 2017 are conditioned on Mr. Lieberman's continued employment with Angelo, Gordon on such date, as set forth in the applicable award agreement.