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MFA FINANCIAL, INC. — Director's Dealing 2012
Jul 11, 2012
32245_dirs_2012-07-11_091afc46-a1f9-4d77-b1dd-71d0ca8a2a08.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: MFA FINANCIAL, INC. (MFA)
CIK: 0001055160
Period of Report: 2012-07-10
Reporting Person: GORIN WILLIAM S (Director, President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-07-10 | Common Stock, par value $0.01 per share | M | 4125 | — | Acquired | 594929 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-07-11 | Phantom Shares | $ | M | 4125 | Disposed | COMMON STOCK (8375) | Direct | |
| 2012-07-11 | Phantom Shares | $ | J | 8250 | Disposed | COMMON STOCK (8250) | Direct | |
| 2012-07-11 | Phantom Shares | $ | A | 12500 | Acquired | COMMON STOCK (12500) | Direct | |
| 2012-07-11 | Phantom Shares | $ | A | 25000 | Acquired | COMMON STOCK (25000) | Direct |
Footnotes
F1: EACH SHARE OF PHANTOM STOCK IS EQUAL TO THE ECONOMIC EQUIVALENT OF ONE SHARE OF MFA FINANCIAL, INC. COMMON STOCK. EACH VESTED PHANTOM SHARE WAS SETTLED IN ONE SHARE OF COMMON STOCK OF MFA FINANCIAL, INC.
F2: IN ACCORDANCE WITH THE PHANTOM SHARE AWARD AGREEMENT, THE VESTING OF SUCH PHANTOM SHARES WAS SUBJECT TO MFA'S ACHIVEMENT OF PERFORMANCE GOALS OVER A DEFINED PERIOD. SUCH PERFORMANCE MEASURE WAS NOT SATISFIED BY THE VESTING DATE, WHICH RESULTED IN AUTOMATIC FORFEITURE OF SUCH SHARES BACK TO MFA FINANCIAL, INC.
F3: EACH PHANTOM SHARE IS THE ECONOMIC EQUILVALENT OF ONE SHARE OF MFA FINANCIAL, INC. COMMON STOCK, PAR VALUE $0.01 PER SHARE.
F4: THESE PHANTOM SHARES ARE SUBJECT TO FORFEITURE UNTIL JUNE 30, 2015. ONE THIRD OF THESE PHANTOM SHARES SHALL VEST ON EACH OF JUNE 30, 2013, JUNE 30, 2014, AND JUNE 30, 2015, AND THEREAFTER, ARE PAYABLE WITHIN 30 DAYS OF THE DATE SUCH PHANTOM SHARES VEST.
F5: THESE PHANTOM SHARES ARE SUBJECT TO FORFEITURE UNTIL JUNE 30, 2015. ONE THIRD OF THESE PHANTOM SHARES SHALL VEST ON EACH OF JUNE 30, 2013, JUNE 30, 2014, AND JUNE 30, 2015 (SUBJECT, IN EACH CASE, TO MFA'S ACHIEVEMENT OF SEPCIFIED PERFORMANCE GOALS), AND THEREAFTER, ARE PAYABLE WITHIN 30 DAYS OF THE DATE SUCH PHANTOM SHARES VEST.