Key facts
- This page summarizes Thomas E. Capasse's Form 4 filing for Ready Capital Corp (RC).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 02 Dec 2021, 15:31.
Thomas E. Capasse - 30 Nov 2021 Form 4 Insider Report for Ready Capital Corp (RC)
- Reporting relationship
- Chief Executive Officer, Director
- Issuer ticker
- RC
- Reported as of
- 30 Nov 2021
- Net transaction value
- +$491,742
- SEC form
- 4
- Accepted by SEC
- 02 Dec 2021, 15:31:08 UTC
- Prior SEC filing
- 10 Nov 2021
- Next SEC filing
- 16 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Thomas E. Capasse
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Thomas E. Capasse filed Form 4 for Ready Capital Corp (RC) on 02 Dec 2021.
Change
- Previous filing in this sequence was filed on 10 Nov 2021.
- Current net transaction value: +$491,742.
Research use
- 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.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RC
transaction
6.50% Series E Cumulative Redeemable Preferred Stock
Purchase
- Transaction value
- $491,742
- Shares
- +20,000
- Change %
- Price
- $24.59
- Shares after
- 20,000
- Date
- 30 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2
RC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 102,630
- Date
- 30 Nov 2021
- Ownership
- By Waterfall
- Footnotes
- F3, F4
RC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 309,925
- Date
- 30 Nov 2021
- Ownership
- Direct
RC
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 26,623
- Date
- 30 Nov 2021
- Ownership
- By Edward J. Capasse Revocable Trust
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $24.55 to $24.71, inclusive on November 30, 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.
Footnote F2
Upon the occurrence of a Change of Control (as defined in the Articles Supplementary relating to the Series E Preferred Stock) of the Issuer, the Reporting Person will have the right to convert the shares of Series E Preferred Stock into a number of shares of common stock of the Issuer per share of Series E Preferred Stock equal to the lesser of (A) the quotient obtained by dividing (i) the sum of (x) the $25.00 liquidation preference plus (y) the amount of any accrued and unpaid dividends by (ii) the Common Stock Price (as defined in the Articles Supplementary relating to the Series E Preferred Stock) and (B) 3.2916, subject to certain adjustments indicated in the Articles Supplementary relating to the Series E Preferred Stock.
Footnote F3
These shares represent the 102,630 shares of Common Stock of the Issuer out of the 341,428 and 8,869 total shares of Common Stock owned by the Manager and its affiliate, Waterfall Management, LLC ("WM" and together with the Manager, "Waterfall"), respectively, based on the Reporting Person's percentage of direct ownership interests in Waterfall.
Footnote F4
WM serves as the general partner of Sutherland REIT Holdings, LP (the "Partnership") and may be deemed to be the beneficial owner of the shares of Common Stock that are held by the Partnership. In addition, the Reporting Person is a principal of the Manager and may be deemed to share voting and investment power over the 13,195,300 shares of Common Stock held by the Partnership.
Footnote F5
These shares are held in a trust for the benefit of the Reporting Person's father. The Reporting Person's father is trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.