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