SEC Form 4 · accession 0000899243-15-004647
Cherry Hill Mortgage Investment Corp · CHMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jay Lown
Officer — President and CEO · Director
Period of report
Sep 10, 2015
Accepted (ET)
Sep 10, 2015 · 4:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001571776
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTP UnitsF1 | — | Sep 10, 2015 | A | 7,000 | A | — | — | Common Stock | 7,000 | 22,750 | D |
Explanation of responses
- F1Represents units of limited partnership interests ("LTIP Units") in Cherry Hill Operating Partnership, L.P. (the "Operating Partnership") of which the Issuer is the general partner. Vested LTIP Units, upon achieving parity with the common units of limited partnership interest in the Operating Partnership pursuant to the terms of the partnership agreement, may be exchanged at any time for cash (as described in the partnership agreement) or, at the election of the Issuer, for shares of common stock on a one-for-one basis. The LTIP Units will vest ratably and become nonforfeitable, subject to the reporting person's continued service to the Issuer, the external manager, Cherry Hill Mortgage Management, LLC or its affiliate, on September 10, 2016, 2017 and 2018, and have no expiration date.