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Filing Details

Accession Number:: 0001703644-17-000042
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-10-23 16:58:19
Reporting Period:: 2017-10-19

Accepted Time:: 2017-10-23 16:58:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1703644	Granite Point Mortgage Trust Inc.	GPMT	Real Estate Investment Trusts (6798)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1406982	Capitol Acquisition Corp	601 Carlson Parkway Suite 1400 Minnetonka MN 55305	No	No	Yes	No
1465740	Two Harbors Investment Corp.	590 Madison Avenue 36Th Floor New York NY 10022	No	No	Yes	No
1563628	Two Harbors Operating Co Llc	590 Madison Avenue 36Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

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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	2017-10-19	25,000	$18.63	33,475,845	No	4	P	Indirect	See footnote
Common Stock, Par Value $0.01 Per Share	Acquisiton	2017-10-20	25,000	$18.50	33,500,845	No	4	P	Indirect	See footnote
Common Stock, Par Value $0.01 Per Share	Disposition	2017-10-20	33,071,000	$0.00	429,845	No	4	J	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	J	Indirect	See footnote

Footnotes

The securities were purchased by Capitol Acquisition Corp. ("Capitol"), a wholly owned indirect subsidiary of Two Harbors Investment Corp. ("Two Harbors"), pursuant to a rule 10b5-1 stock purchase plan that Two Harbors committed to adopt in connection with Granite Point Mortgage Trust Inc.'s ("Granite Point") formation transaction and initial public offering ("IPO"). As previously disclosed, Two Harbors does not intend to distribute any shares that Capitol acquires through the stock purchase plan to its stockholders as part of the Stock Dividend (defined below). Any shares of common stock purchased by Capitol pursuant to the stock purchase plan are subject to lock-up arrangements between Two Harbors and the IPO underwriters.
Per share price reflects the weighted average price paid. The shares were purchased in multiple transactions at prices ranging from $18.45 to $18.74. The reporting persons undertake to provide, upon request, full information regarding the shares purchased in such transactions.
Prior to the execution of the Stock Dividend, the securities were held by wholly owned subsidiaries of Two Harbors, including 33,071,000 shares held by Two Harbors Operating Company LLC ("Operating Company") and 429,845 shares held by Capitol. In advance of the Distribution Date (defined below) for the Stock Dividend, the 33,071,000 shares held by Operating Company will be transferred to Two Harbors in order to effect the Stock Dividend.
Per share price reflects the weighted average price paid. The shares were purchased in multiple transactions at prices ranging from $18.41 to $18.71. The reporting persons undertake to provide, upon request, full information regarding the shares purchased in such transactions.
On September 14, 2017, the Board of Directors of Two Harbors declared a special dividend (the "Stock Dividend") to distribute the 33,071,000 shares of Granite Point common stock acquired by Two Harbors in connection with the contribution of its commercial real estate portfolio to Granite Point. The Stock Dividend will be distributed on November 1, 2017 (the "Distribution Date"), on a pro rata basis, to Two Harbors common stockholders of record at the close of business on October 20, 2017 (the "Record Date").
As a result of the Stock Dividend, all remaining reported securities are held by Capitol.