SEC Form 4 · accession 0001225208-18-012488
BARINGS CORPORATE INVESTORS · MCI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifford M Noreen
Officer — Chairman of Fund
Period of report
Aug 6, 2018
Accepted (ET)
Aug 10, 2018 · 4:11 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000275694
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares ("Shares of Beneficial Interest") | holding | — | — | — | 20,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Barings Non-Qualified Thrift PlanF1,F3 | — | Aug 6, 2018 | J | 3,772 | A | — | — | Common Shares ("Shares of Beneficial Interest") | 3,772 | 195,128 | D |
| Barings Non-Qualified Thrift Plan - TAF2,F1 | — | holding | — | — | — | — | — | Common Shares ("Shares of Beneficial Interest") | 7,502 | 7,502 | D |
Explanation of responses
- F1Exercisable only upon termination, retirement, or other plan permitted event. Plan holdings may be "liquidated" and reallocated into other plan investment options by the plan participant. The derivative has no actual securities underlying the plan agreement, which is entirely notional.
- F2Barings LLC (fka Babson Capital Management LLC) and Massachusetts Mutual Life Insurance Company each offer a non-qualified compensation deferral plan where certain officers are permitted to defer a portion of their compensation into the plans. Deferred compensation into a plan is allocated among one or more investment options at the election of the plan participant. Each plan has an investment option that derives its value from the market value of Barings Corporate Investors' common shares (and includes the value of reinvested dividends). However, pursuant to the terms of the plans, neither the plans nor the participants have an actual ownership interest in the common shares. The shares beneficially owned include the number of shares of Barings Corporate Investors represented by the value of the Barings Corporate Investors investment option under the plan held by the plan participant.
- F3Purchased pursuant to a dividend reinvestment plan.