Form Type: 4

SEC EDGAR Link
Accession Number:0001140361-20-002410
Date:2020-02-03
Issuer: BROADMARK REALTY CAPITAL INC. (BRMK)
Original Submission Date:

Reporting Person:

HIRSCH DANIEL J.
C/O BROADMARK REALTY CAPITAL INC.
1420 FIFTH AVENUE, SUITE 2000 SEATTLE, WA 98101

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 2020-02-03 A 8,613 a $0.00 8,613 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
Footnotes
IDfootnote
f1 represents a grant to mr. hirsch of 8,613 restricted stock units ("rsus") that vest in full on november 14, 2020. each rsu represents the right to receive one share of the issuer's common stock upon vesting.
f2 mr. hirsch served as a consultant to trinity real estate investments llc ("trinity investments") from january 2019 until november 2019 pursuant to a consulting agreement. mr. hirsch's consulting agreement provides for a success fee payable by trinity investments to mr. hirsch in connection with the completion of the issuer's business combination on november 14, 2019, pursuant to which mr. hirsch will receive 137,305 shares of the issuer's common stock (the "common stock") and 259 warrants (the "warrants") issued by the issuer held by hn investors llc and expected to be transferred to trinity investments following the expiration of the lock-up agreement to which hn investors llc is a party.
f3 these shares of common stock and the warrants are expected to represent, in the aggregate, a less than 1% beneficial ownership interest by mr. hirsch in the issuer. instead of transferring these securities to mr. hirsch, trinity investments may, at its election, pay the success fee in cash in an amount equal to the value of these securities.
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