SEC Form 4 · accession 0001104659-18-015979
Ready Capital Corp · RC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd M. Sinai
Director
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 7:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001527590
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 6, 2018 | A | 5,776 | $0.00 | A | 17,776 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 6, 2018, the reporting person was awarded 5,776 Restricted Stock Units ("RSUs") under the 2012 Sutherland Asset Management Corporation Equity Incentive Plan, which represent the right to receive one share of Common Stock of the issuer for each RSU at vesting. Pursuant to the terms of the award agreement, the RSUs will vest in equal increments of one-quarter on March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018. The reporting person will receive dividend equivalent rights on unvested RSUs from the grant date payable in cash in an amount equal to the cash dividend distributions paid on a share of Common Stock of the issuer.