SEC Form 4 · accession 0001140361-17-034724
Cherry Hill Mortgage Investment Corp · CHMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Levine
Officer — Chief Financial Officer
Period of report
Sep 7, 2017
Accepted (ET)
Sep 7, 2017 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001571776
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per shareF1 | Sep 7, 2017 | M | 12,917 | — | A | 29,517 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common UnitsF2 | — | Sep 7, 2017 | M | 12,917 | D | — | — | Common Stock | 12,917 | 0 | D |
Explanation of responses
- F1As previously reported, on July 13, 2017, the reporting person converted long-term incentive plan units ("LTIP Units") in Cherry Hill Operating Partnership, L.P. ("CHOP"), of which the Issuer is the general partner, into common units of limited partnership interest ("Common Units") in CHOP, and on September 7, 2017, the Common Units were redeemed for shares of the Issuer's common stock, all in accordance with CHOP's agreement of limited partnership.
- F2Pursuant to CHOP's agreement of limited partnership, Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock dividends, stock subdivisions or combinations.