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