Key facts
- This page summarizes Lance Phillips's Form 4 filing for CAPSTEAD MORTGAGE CORP.
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Oct 2021, 20:53.
Lance Phillips - 19 Oct 2021 Form 4 Insider Report for CAPSTEAD MORTGAGE CORP
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 19 Oct 2021
- Net transaction value
- $0
- Reporting owner signature
- /s/ Lindsey Crabbe for Lance Phillips
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Lance Phillips filed Form 4 for CAPSTEAD MORTGAGE CORP on 21 Oct 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
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.
CMO
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +107,232
- Change %
- +74%
- Price
- Shares after
- 252,633
- Date
- 19 Oct 2021
- Ownership
- Direct
- Footnotes
- F2
CMO
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -252,633
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Oct 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CMO
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- Shares
- -107,232
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 19 Oct 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 107,232
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Lance Phillips is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
On October 19, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of July 25, 2021, and as amended by that certain First Amendment to Agreement and Plan of Merger, dated as of September 22, 2021 (as amended, the "Merger Agreement"), by and among Franklin BSP Realty Trust, Inc. ("FBRT"), Rodeo Sub I, LLC, a wholly owned subsidiary of FBRT ("Merger Sub"), the Issuer and Benefit Street Partners L.L.C., FBRT's external manager ("BSP"), the Issuer merged with and into Merger Sub with Merger Sub surviving as the continuing company (the "Merger"). At the effective time of the Merger, each share of common stock of the Issuer was converted into the right to receive (i) from FBRT, 0.3288 newly-issued shares of common stock, par value $0.01 per share, of FBRT, (ii) from FBRT, $0.21 in cash and (iii) from BSP, $0.73 in cash (the "Per Common Share Merger Consideration").
Footnote F2
Pursuant to the Merger Agreement, immediately prior to the effective time of the Merger, each outstanding performance unit held by the reporting person became earned and vested and was converted into one share of common stock of the Issuer that would be entitled to receive the Per Common Share Merger Consideration.