0001209191-16-139741.txt : 20160902 0001209191-16-139741.hdr.sgml : 20160902 20160902160520 ACCESSION NUMBER: 0001209191-16-139741 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160831 FILED AS OF DATE: 20160902 DATE AS OF CHANGE: 20160902 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: New Residential Investment Corp. CENTRAL INDEX KEY: 0001556593 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 453449660 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1345 Avenue of the Americas CITY: New York STATE: NY ZIP: 10105 BUSINESS PHONE: 212-479-3195 MAIL ADDRESS: STREET 1: 1345 Avenue of the Americas CITY: New York STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: New Residential Investment LLC DATE OF NAME CHANGE: 20121214 FORMER COMPANY: FORMER CONFORMED NAME: Spinco Inc. DATE OF NAME CHANGE: 20120821 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Nierenberg Michael CENTRAL INDEX KEY: 0001591719 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35777 FILM NUMBER: 161868721 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-08-31 0 0001556593 New Residential Investment Corp. NRZ 0001591719 Nierenberg Michael 1345 AVENUE OF THE AMERICAS 45TH FLOOR NEW YORK NY 10105 1 1 0 0 CEO and President Common Stock, par value $0.01 per share 2016-08-31 4 M 0 535714 10.24 A 1276060 D Common Stock, par value $0.01 per share 2016-08-31 4 M 0 214285 11.48 A 1490345 D Common Stock, par value $0.01 per share 2016-08-31 4 F 0 557593 14.25 D 932752 D Common Stock, par value $0.01 per share 16400 I Custodian for son Common Stock, par value $0.01 per share 15850 I Custodian for daughter Stock option (right to buy) 10.24 2016-08-31 4 M 0 535714 0.00 D 2023-01-11 Common Stock, par value $0.01 per share 535714 0 D Stock option (right to buy) 11.48 2016-08-31 4 M 0 214285 0.00 D 2023-02-15 Common Stock, par value $0.01 per share 214285 0 D No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options. Tandem awards correspond on a one-to-one basis with options granted to FIG LLC, the Company's manager (or an affiliate of the Company's manager), such that exercise by an employee of the tandem award would result in the corresponding option held by the manager being cancelled. Upon the grant of options to the manager (or an affiliate), such options are fully vested and become exercisable over a 30-month period (the "Total Exercisability Period") in equal monthly installments beginning on the first of each month following the month in which the options were granted. (Continued in Footnote 3) When tandem awards are granted with respect to manager options, the manager options become exercisable in equal monthly installments over a portion of the Total Exercisability Period equal to the product of (i) the ratio of tandem awards to the total number of related options (including options underlying such tandem awards) multiplied by (ii) 30 (such period, the "Manager Exercisability Period"). Following the Manager Exercisability Period, the tandem awards vest in generally equal monthly installments on the first of each month over the remainder of the Total Exercisability Period and become exercisable only at the end of the Total Exercisability Period. Represents the expiration date of the related manager option. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option. /s/ Cameron MacDougall, as attorney-in-fact 2016-09-02