Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-001582
Date:2020-01-02
Issuer: CAPSTEAD MORTGAGE CORP (CMO)
Original Submission Date:

Reporting Person:

SPEARS ROBERT R JR
8401 N CENTRAL EXPRESSWAY
SUITE 800 DALLAS, TX 75225

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-01-02 A 57,251 a $7.86 585,614 direct
COMMON STOCK 2020-01-03 D 7,581 d $7.86 578,033 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE UNITS 0.0 2020-01-02 deemed execution date A 57,251 (a) common stock 57,251 $0.00 241,844 direct
Footnotes
IDfootnote
f1 represents a portion of the executive's 2020 long-term incentive compensation. the unvested stock awards, granted from the amended and restated 2014 flexible incentive plan, vest 100% at the end of year three. dividends associated with these shares will only be paid upon vesting of the awards.
f2 represents shares of common stock forfeited to satisfy the reporting person's tax withholding obligation upon the vesting of restricted stock on january 3, 2020.
f3 represents a portion of the executive's 2020 long-term incentive compensation. the performance units ("units") are convertible into common stock of the issuer after december 31, 2022 and before march 15, 2023, with the conversion factor determined formulaically, based on achievement of stated performance criteria. the units target a one-for-one conversion ratio into the common stock of the issuer; however, the actual conversion ratio will be dependent on the achievement of the performance objectives outlined in the issuer's 2020 long-term award criteria. the units could expire without converting into any shares of common stock of the issuer or could be convertible into as many as 200% of the number of units granted to the reporting person provided maximum thresholds are achieved for all performance objectives. the units will terminate on december 31, 2022 if minimum performance criteria are not achieved for any of the performance objectives.
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