0001104659-16-159814.txt : 20161130
0001104659-16-159814.hdr.sgml : 20161130
20161130184305
ACCESSION NUMBER: 0001104659-16-159814
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20161128
FILED AS OF DATE: 20161130
DATE AS OF CHANGE: 20161130
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sutherland Asset Management Corp
CENTRAL INDEX KEY: 0001527590
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 900729143
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1140 AVENUE OF THE AMERICAS, 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
BUSINESS PHONE: 212-257-4600
MAIL ADDRESS:
STREET 1: 1140 AVENUE OF THE AMERICAS, 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10036
FORMER COMPANY:
FORMER CONFORMED NAME: ZAIS Financial Corp.
DATE OF NAME CHANGE: 20110808
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HERBST FREDERICK C
CENTRAL INDEX KEY: 0001285197
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35808
FILM NUMBER: 162026407
4
1
a4.xml
4
X0306
4
2016-11-28
0
0001527590
Sutherland Asset Management Corp
SLD
0001285197
HERBST FREDERICK C
1140 AVENUE OF THE AMERICAS, 7TH FLOOR
NEW YORK
NY
10036
0
1
0
0
Chief Financial Officer
Common Stock
2016-11-28
4
P
0
10000
13.15
A
18356
D
Common Stock
14733
I
By Sutherland REIT Holdings, LP
The shares of common stock of the Issuer are held through FREDERICK C HERBST & CAROLYN B HERBST JT TEN, a joint tenant account of the Reporting Person and his wife.
The price reported is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $13.05 to $13.20, inclusive on November 28, 2016. 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.
These shares represent 14,733 shares of common stock of the Issuer out of the 13,733,959 total shares of common stock held by Sutherland REIT Holdings, LP (the "Partnership") based on the Reporting Person's percentage ownership in the Partnership. Waterfall Management, LLC, an affiliate of Waterfall Asset Management, LLC, the Issuer's external manager, serves as the general partner of the Partnership and may be deemed to be the beneficial owner of the shares of common stock of the Issuer that are held by the Partnership. In addition, the Reporting Person is a managing director of Waterfall Asset Management, LLC and may be deemed to share voting and investment power over the shares of common stock of the Issuer held by the Partnership.
However, Waterfall Management, LLC does not have an economic interest in these shares and expects to distribute such shares to the beneficial owners of the Partnership upon their request in accordance with the Partnership's partnership agreement. Accordingly, Waterfall Management, LLC disclaims beneficial ownership of the shares of common stock held by the Partnership and the Reporting Person disclaims beneficial ownership of such shares of common stock, except to the extent of the 14,733 shares reported herein, which represents his economic interest in the Partnership.
/s/ Frederick C. Herbst
2016-11-30