Statement of Changes in Beneficial Ownership (4)
01 February 2020 - 8:09AM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
TAYLOR JOHN A |
2. Issuer Name and Ticker or Trading Symbol
Granite Point Mortgage Trust Inc.
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GPMT
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
3 BRYANT PARK, #2400A |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/29/2020 |
(Street)
NEW YORK, NY 10036
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/29/2020 | | S(1) | | 11971 (2) | D | $18.36 (3) | 224745 | D | |
Common Stock | 1/29/2020 | | A | | 64970 (4) | A | $0 | 289715 | D | |
Common Stock | 1/30/2020 | | S(1) | | 10853 (5) | D | $18.40 (6) | 278862 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | The transaction reported on this Form 4 was effected pursuant to trading instructions given by the reporting person on May 25, 2018 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. |
(2) | The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on January 28, 2020 of a restricted stock award previously granted to the reporting person. |
(3) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.36 to $18.42, inclusive. The reporting person undertakes to provide to Granite Point Mortgage Trust Inc., any security holder of Granite Point Mortgage Trust Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
(4) | Represents a restricted stock award issued under Granite Point Mortgage Trust Inc.'s 2017 Equity Incentive Plan. This award vests in three equal annual installments commencing on the first anniversary of the grant date. |
(5) | The reporting person sold the shares to satisfy income tax liabilities incurred as a result of the vesting on January 29, 2020 of a restricted stock award previously granted to the reporting person. |
(6) | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.38 to $18.46, inclusive. The reporting person undertakes to provide to Granite Point Mortgage Trust Inc., any security holder of Granite Point Mortgage Trust Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
TAYLOR JOHN A 3 BRYANT PARK, #2400A NEW YORK, NY 10036 | X |
| President and CEO |
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Signatures
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/s/ Amy M. Jensen as attorney-in-fact for John A. Taylor | | 1/31/2020 |
**Signature of Reporting Person | Date |
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