Lisa G. Quateman - Dec 6, 2023 Form 4 Insider Report for AG Mortgage Investment Trust, Inc. (MITT)

Role
Director
Signature
/s/ Jenny B. Neslin, Attorney-in-Fact for Lisa G. Quateman
Stock symbol
MITT
Transactions as of
Dec 6, 2023
Transactions value $
$0
Form type
4
Date filed
12/6/2023, 04:52 PM
Previous filing
Jun 27, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MITT Common Stock Other $0 +20.5K $0.00 20.5K Dec 6, 2023 By Living Trust F1, F2

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 MITT Restricted Stock Units Award +13K 13K Dec 6, 2023 Common Stock 13K By Living Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of August 8, 2023 (the "Agreement"), by and among the Issuer, AGMIT Merger Sub, LLC, a wholly owned subsidiary of the Issuer ("Merger Sub"), Western Asset Mortgage Capital Corporation ("WMC"), and solely for the limited purposes set forth in the Agreement, AG REIT Management, LLC, effective December 6, 2023 (the "Effective Time"), WMC merged with and into Merger Sub with Merger Sub continuing as the surviving company. At the Effective Time, each outstanding share of WMC common stock was converted into the right to receive: (i) 1.498 shares of common stock of the Issuer; and (ii) a cash amount equal to $0.92.
F2 Securities held by the Quateman Living Trust of which the reporting person is a trustee.
F3 Pursuant to the Agreement, the Issuer granted to the reporting person restricted stock units that will vest on June 23, 2024, subject to such reporting person's continued service to the Issuer through the vesting date, and will be settled in shares of the Issuer's common stock, on a one-for-one basis, upon the reporting person's separation from service with the Issuer.