Gilbert E. Nathan - May 11, 2021 Form 4 Insider Report for Ready Capital Corp (RC)

Role
Director
Signature
/s/ Gilbert E. Nathan
Stock symbol
RC
Transactions as of
May 11, 2021
Transactions value $
$4,636
Form type
4
Date filed
5/13/2021, 05:34 PM
Next filing
May 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RC Common stock Purchase $54.6K +4K +17.43% $13.66 27K May 11, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RC 7.00% Convertible Senior Notes due 2023 Sale -$50K 0 May 11, 2021 Common stock 3.2K $15.63 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $13.53 to $13.7095, inclusive on May 11, 2021. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2 The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5994 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $15.63 per share of the Issuer's common stock). The conversion rate and thus the conversion price are subject to adjustment in accordance with the terms of the Notes.
F3 Calculated based on the conversion rate of 1.5994 shares of the Issuer's common stock per $25.00 principal amount of Notes.