Patsy Joseph Augustine - 19 Oct 2021 Form 4 Insider Report for Franklin BSP Realty Trust, Inc. (FBRT)

Role: Director
Signature: /s/ Pat Augustine, By: Micah Goodman, Attorney-in-Fact
Issuer symbol: FBRT
Transactions as of: 19 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 21 Oct 2021, 17:15:41 UTC
Previous filing: 30 Jul 2021
Next filing: 22 Feb 2022
SEC: View on sec.gov

Quoteable Key Fact

"Patsy Joseph Augustine filed Form 4 for Franklin BSP Realty Trust, Inc. (FBRT) on 21 Oct 2021."

Quick Takeaways

This page summarizes Patsy Joseph Augustine's Form 4 filing for Franklin BSP Realty Trust, Inc. (FBRT).
1 reported transaction and 0 derivative rows are listed below.
Filing timestamp: 21 Oct 2021, 17:15.

What Changed

Previous filing in this sequence was filed on 30 Jul 2021.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

FBRT transaction

Common Stock

Award

Transaction value
Shares: +5,250
Change %
Price
Shares after: 5,250
Date: 19 Oct 2021
Ownership: Direct
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 19, 2021, pursuant to the certain Agreement and Plan of Merger, dated as of July 25, 2021, as amended pursuant to that certain First Amendment to Agreement and Plan of Merger, dated as of September 22, 2021 (as amended, the "Merger Agreement"), by and among the Issuer, Rodeo Sub I, LLC ("Merger Sub"), Capstead Mortgage Corporation ("Capstead") and, solely for the purposes set forth therein, Benefit Street Partners L.L.C., Capstead merged with and into Merger Sub (the "Merger"), with Merger Sub surviving the Merger as a wholly owned subsidiary of the Issuer. At the effective time of the merger, each share of Capstead common stock outstanding immediately prior to the effective time was converted into the right to receive 0.3288 shares of the Issuer's common stock as well as aggregate cash consideration of $0.94 per share.
F2	Received in exchange for 15,970 shares of Capstead's common stock in the Merger. The closing price of Capstead's common stock on the day before the effective date of the Merger was $6.50, and the closing price of the Issuer's common stock on the effective date of the Merger was $17.10.

Content

On October 19, 2021, pursuant to the certain Agreement and Plan of Merger, dated as of July 25, 2021, as amended pursuant to that certain First Amendment to Agreement and Plan of Merger, dated as of September 22, 2021 (as amended, the "Merger Agreement"), by and among the Issuer, Rodeo Sub I, LLC ("Merger Sub"), Capstead Mortgage Corporation ("Capstead") and, solely for the purposes set forth therein, Benefit Street Partners L.L.C., Capstead merged with and into Merger Sub (the "Merger"), with Merger Sub surviving the Merger as a wholly owned subsidiary of the Issuer. At the effective time of the merger, each share of Capstead common stock outstanding immediately prior to the effective time was converted into the right to receive 0.3288 shares of the Issuer's common stock as well as aggregate cash consideration of $0.94 per share.

Received in exchange for 15,970 shares of Capstead's common stock in the Merger. The closing price of Capstead's common stock on the day before the effective date of the Merger was $6.50, and the closing price of the Issuer's common stock on the effective date of the Merger was $17.10.