SEC Form 4 · accession 0001552890-16-000124
JAVELIN MORTGAGE INVESTMENT CORP. · JMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc H Bell
Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 7:28 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001552890
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per shareF1 | Jan 5, 2016 | A | 797 | — | A | 129,613 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 5, 2016, the reporting person received 797 shares of JAVELIN common stock pursuant to quarterly compensation paid for the reporting person's service on JAVELIN's Board of Directors. Commencing with the end of the first fiscal quarter of 2014, the reporting person may elect to receive $10,000 of the reporting person's total quarterly compensation (or $40,000 on an annual basis) paid in common stock, cash, or a combination of stock and cash at the option of the director. Effective December 14, 2015, the reporting person agreed to rebate to JAVELIN the reporting person's director fees until further notice from him. The 797 shares of stock represent the reporting person's election of stock compensation for the past quarter, adjusted for the reporting person's director fee rebate to the Company in the past quarter.