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"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
| FORM 4 |
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
| ( 1 )Consists of shares of Common Stock withheld by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with the vesting of 3,566 shares of Common Stock.|
( 2 )Represents the closing price of the Common Stock on February 12, 2021.
( 3 )On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of Common Stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and Common Stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the Reporting Person received approximately 1,139 shares of Common Stock.
( 4 )Reflects the withholding of an aggregate of 937 shares of Common Stock by the Issuer, with approval of the Issuer's Board of Directors, in order to satisfy the tax withholding obligation of the reporting person in connection with prior vesting of Common Stock previously granted and reported on prior Forms 4.
( 5 )On February 12, 2021, the reporting person was awarded 12,379 shares of restricted Common Stock under the 2012 Ready Capital Corporation Equity Incentive Plan. The shares will vest in equal installments of one-third on February 12, 2022, February 12, 2023 and February 12, 2024. The reporting person will receive dividends on the unvested shares of restricted Common Stock.
|* If the form is filed by more than one reporting person, see Instruction 4(b)(v).|
|** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).|