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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | $ 0 (1) | 02/19/2022 | D | 12,000 | (1) | (1) | Series A Cumulative Redeemable Perpetual Preferred Stock | 12,000 | $ 0 (1) | 0 | D | ||||
Restricted Stock Unit | $ 0 (3) | 02/19/2022 | A | 12,000 | (3) | (3) | Series B Cumulative Redeemable Perpetual Preferred Stock | 12,000 | $ 0 (3) | 12,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HAQ MAHMUD UL 7 CLYDE ROAD SOMERSET, NJ 08873 |
X | X | Executive Chairman |
/s/ Norman Roth, Attorney-in-Fact for Mahmud Ul Haq | 02/22/2022 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents the conversion upon vesting of restricted stock units into shares of preferred stock on February 19, 2022. These shares of preferred stock were issued upon vesting of such units granted under the Company's Amended and Restated Equity Incentive Plan on January 29, 2021, without payment by the requesting person. |
(2) | Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon awarding of the preferred stock. This is not an open market sale of securities. |
(3) | The restricted stock unit was granted on February 19, 2022 and vests in early 2023 upon attainment of certain performance targets. |