0001104659-20-063363.txt : 20200518 0001104659-20-063363.hdr.sgml : 20200518 20200518210242 ACCESSION NUMBER: 0001104659-20-063363 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200514 FILED AS OF DATE: 20200518 DATE AS OF CHANGE: 20200518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NATHAN GILBERT E CENTRAL INDEX KEY: 0001657622 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35808 FILM NUMBER: 20891440 MAIL ADDRESS: STREET 1: C/O EMERGENT CAPITAL, INC. STREET 2: 5355 TOWN CENTER ROAD, SUITE 701 CITY: BOCA RATON STATE: FL ZIP: 33486 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Ready Capital 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: Sutherland Asset Management Corp DATE OF NAME CHANGE: 20161110 FORMER COMPANY: FORMER CONFORMED NAME: ZAIS Financial Corp. DATE OF NAME CHANGE: 20110808 4 1 a4.xml 4 X0306 4 2020-05-14 0 0001527590 Ready Capital Corp RC 0001657622 NATHAN GILBERT E C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS 50TH FLOOR NEW YORK NY 10020 1 0 0 0 Common stock 15154 D 7.00% Convertible Senior Notes due 2023 16.37 2020-05-14 4 P 0 12500 7711.54 A 2020-05-14 2023-08-11 Common Stock 763 12500 D On March 11, 2020, the Issuer's Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock. On March 20, 2020, the Issuer announced that the dividend will be paid in a combination of cash and common stock on April 30, 2020 to common stockholders of record as of the close of business of March 31, 2020. As a result, the reporting person received approximately 830 shares of the Issuer's common stock. The conversion rate of the 7.00% Convertible Senior Notes due 2023 (the "Notes") equals 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes (equivalent to a conversion price of approximately $16.37 per share of the Issuer's common stock). The conversion rate and thus the conversion price are subject to adjustment in accordance with the terms of the Notes. Calculated based on the conversion rate of 1.5267 shares of the Issuer's common stock per $25.00 principal amount of Notes. /s/ Gilbert E. Nathan 2020-05-18