SEC Form 4 · accession 0001104659-15-007111
Ladder Capital Corp · LADR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Mazzei
Officer — President
Period of report
Feb 3, 2015
Accepted (ET)
Feb 5, 2015 · 5:53 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001577670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Feb 3, 2015 | A | 2,942 | $0.00 | A | 294,119 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Fifty percent of this restricted stock award is subject to specified performance-based vesting criteria, and the remaining fifty percent is subject to time-based vesting criteria. The performance-vesting restricted stock granted to the Reporting Person vests in three equal installments. The first vesting event occurred with respect to Ladder Capital Corp's performance for the year ended December 31, 2014, with subsequent vesting events occurring with respect to Ladder Capital Corp's performance for the years ended December 31, 2015 and 2016. The time-vesting restricted stock granted to the Reporting Person will vest in two installments: twenty five percent of the shares will vest on August 18, 2015 and the remaining seventy five percent will vest on February 18, 2017, subject to the Reporting Person's continued employment on the applicable vesting dates.