SEC Form 4 · accession 0001703644-17-000012
Granite Point Mortgage Trust Inc. · GPMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Capitol Acquisition Corp
10% Owner
TWO HARBORS INVESTMENT CORP.
10% Owner
TWO HARBORS OPERATING Co LLC
10% Owner
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001703644
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,F2,F3 | Aug 15, 2017 | P | 25,000 | $19.0902 | A | 33,139,212 | I | See footnote |
| Common stock, par value $0.01 per shareF1,F4,F3 | Aug 16, 2017 | P | 7,200 | $19.0981 | A | 33,146,412 | I | See footnote |
| Common stock, par value $0.01 per shareF1,F3 | Aug 17, 2017 | P | 100 | $19.11 | A | 33,146,512 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities were purchased by Capitol Acquisition Corp. ("Capitol"), a wholly owned indirect subsidiary of Two Harbors Investment Corp. ("Two Harbors"), pursuant to a rule 10b5-1 stock purchase plan that Two Harbors committed to adopt in connection with Granite Point Mortgage Trust Inc.'s ("Granite Point") formation transaction and initial public offering ("IPO"). As previously disclosed, Two Harbors does not intend to distribute any shares that Capitol acquires through the stock purchase plan to its stockholders as part of an anticipated special dividend of Granite Point shares. Any shares of common stock purchased by Capitol pursuant to the stock purchase plan are subject to lock-up arrangements between Two Harbors and the IPO underwriters.
- F2Per share price reflects the weighted average price paid. The shares were purchased in multiple transactions at prices ranging from $19.04 to $19.15. The reporting persons undertake to provide, upon request, full information regarding the shares purchased in such transactions.
- F3The securities are held by wholly owned subsidiaries of Two Harbors. As of the date hereof, 33,071,000 shares were held by Two Harbors Operating Company LLC and 75,512 shares were held by Capitol.
- F4Per share price reflects the weighted average price paid. The shares were purchased in multiple transactions at prices ranging from $19.06 to $19.11. The reporting persons undertake to provide, upon request, full information regarding the shares purchased in such transactions.