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
  1. No shares were sold. Reflects deemed surrender of shares to satisfy the exercise price due upon exercise of the associated options.
  2. All of the shares sold were issued pursuant to a concurrent exercise of outstanding options.
  3. 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)
  4. 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.
  5. 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.