Filing Details
- Accession Number:
- 0001209191-18-039520
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2018-06-26 17:09:11
- Reporting Period:
- 2018-06-26
- Accepted Time:
- 2018-06-26 17:09:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1556593 | New Residential Investment Corp. | NRZ | Real Estate Investment Trusts (6798) | 453449660 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1591719 | Michael Nierenberg | 1345 Avenue Of The Americas 45Th Floor New York NY 10105 | Ceo And President | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2018-06-26 | 1,150,000 | $14.75 | 2,085,352 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2018-06-26 | 558,708 | $15.38 | 2,644,060 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2018-06-26 | 1,369,531 | $18.66 | 1,274,529 | No | 4 | F | Direct | |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2018-06-26 | 339,177 | $18.30 | 935,352 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | Stock Option (right to buy) | Disposition | 2018-06-26 | 1,150,000 | $0.00 | 1,150,000 | $14.75 |
| Common Stock, Par Value $0.01 Per Share | Stock Option (right to buy) | Disposition | 2018-06-26 | 558,708 | $0.00 | 558,708 | $15.38 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2025-04-13 | No | 4 | M | Direct | |
| 0 | 2025-06-15 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $0.01 Per Share | 24,400 | Indirect | Custodian for son |
| Common Stock, Par Value $0.01 Per Share | 23,850 | Indirect | Custodian for daughter |
Footnotes
- No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
- All of the shares sold were issued pursuant to a concurrent exercise of outstanding 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.
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