SEC Form 4 · accession 0001552890-16-000126
JAVELIN MORTGAGE INVESTMENT CORP. · JMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Hain
Director
Period of report
Jan 5, 2016
Accepted (ET)
Jan 7, 2016 · 7:29 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,F2 | Jan 5, 2016 | A | 637 | — | A | 3,689 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 5, 2016, the reporting person received 637 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. JAVELIN's Board of Directors has unanimously elected to reduce non-management director fees to $75,000 per person per annum, effective December 14, 2015. The 637 shares of stock represent the reporting person's election of stock compensation for the past quarter, adjusted for the reduction to the reporting person's director fees for the past quarter.
- F2Represents shares owned indirectly through HW Trust Company Limited as Trustees of The RCH Guernsey Trust. Mr. Hain is deemed to beneficially own the shares held by the HW Trust Company Limited as Trustees of The RCH Guernsey Trust and has a pecuniary interest in and investment control over the shares.