Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4) *
READY CAPITAL CORPORATION |
(Name of Issuer)
|
| Common Stock, par value $0.0001 per share |
(Title of Class of Securities)
|
75574U101 |
(Cusip Number)
|
| December 31, 2019 |
(Date of Event which Requires Filing of this Statement)
|
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 22 Pages
Exhibit Index Found on Page 22
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Farallon Capital Partners, L.P. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
California | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,422,970 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,422,970 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,422,970 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.7% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
PN | ||
| Page 2 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Farallon Capital AA Investors, L.P. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
194,200 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
194,200 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
194,200 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
PN | ||
| Page 3 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Farallon Partners, L.L.C. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
OO | ||
| Page 4 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Farallon AA GP, L.L.C. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
194,200 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
194, 200 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
194,200 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.4% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
OO | ||
| Page 5 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Philip D. Dreyfuss | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 6 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Michael B. Fisch | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 7 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Richard B. Fried | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 8 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
David T. Kim | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 9 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Monica R. Landry [See Item 2.] | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
-0- | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
-0- | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0- | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 10 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Michael G. Linn | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 11 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Rajiv A. Patel | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 12 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Thomas G. Roberts, Jr. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 13 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
William Seybold | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY &# xA0; EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 14 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Andrew J.M. Spokes | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 15 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
John R. Warren | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 16 of 22 Pages |
13G
| CUSIP No. 75574U101 |
| 1 | NAMES OF REPORTING PERSONS
Mark C. Wehrly | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☐ (b) ☒** ** The reporting persons making this filing hold an aggregate of 1,617,170 Shares, which is 3.1% of the class of securities. The reporting person on this cover page, however, is a beneficial owner only of the securities reported by it on this cover page. | ||
| 3 | SEC USE ONLY
| ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION
United States | ||
NUMBER OF
SHARES BENEFICIALLY OWNED BY
EACH
REPORTING PERSON WITH |
5 | SOLE VOTING POWER
-0- | |
| 6 | SHARED VOTING POWER
1,617,170 | ||
| 7 | SOLE DISPOSITIVE POWER
-0- | ||
| 8 | SHARED DISPOSITIVE POWER
1,617,170 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,617,170 | ||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ☐
| ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.1% | ||
| 12 | TYPE OF REPORTING PERSON (See Instructions)
IN | ||
| Page 17 of 22 Pages |
This Amendment No.4 to Schedule 13G amends and restates in its entirety the Schedule 13G initially filed on November 14, 2016 with respect to Sutherland Asset Management Corporation (together with all prior and current amendments thereto, this “Schedule 13G”).
Item 1. Issuer
(a) Name of Issuer:
Ready Capital Corporation (the “Company”)
(b) Address of Issuer's Principal Executive Offices:
1140 Avenue of the Americas
7th Floor
New York, NY 10036
Item 2. Identity and Background
Title of Class of Securities and CUSIP Number (Items 2(d) and (e))
This statement relates to shares of Common Stock, par value $0.0001 per share (the “Shares”), of the Company. The CUSIP number of the Shares is 75574U101.
Name of Persons Filing, Address of Principal Business Office and Citizenship (Items 2(a), (b) and (c))
This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons.”
The Farallon Funds
| (i) | Farallon Capital Partners, L.P., a California limited partnership (“FCP”), with respect to the Shares held by it; and |
| (ii) | Farallon Capital AA Investors, L.P., a Delaware limited partnership (“FCAAI”), with respect to the Shares held by it. |
FCP and FCAAI are together referred to herein as the “Farallon Funds."
The Farallon General Partner
| (iii) | Farallon Partners, L.L.C., a Delaware limited liability company (the “Farallon General Partner”), which is the general partner of each of FCP and FCAAI and the sole member of the FCAAI General Partner (as defined below), with respect to the Shares held by each of the Farallon Funds. |
| Page 18 of 22 Pages |
The FCAAI General Partner
| (iv) | Farallon AA GP, L.L.C., a Delaware limited liability company (the “FCAAI General Partner”), which is the general partner of FCAAI, with respect to the Shares held by FCAAI. |
The Farallon Individual Reporting Persons
| (v) | The following persons, each of whom is a managing member or senior managing member, as the case may be, of the Farallon General Partner and a manager or senior manager, as the case may be, of the FCAAI General Partner, with respect to the Shares held by the Farallon Funds: Philip D. Dreyfuss (“Dreyfuss”), Michael B. Fisch (“Fisch”), Richard B. Fried (“Fried”), David T. Kim (“Kim”), Michael G. Linn (“Linn”), Rajiv A. Patel (“Patel”), Thomas G. Roberts, Jr. (“Roberts”), William Seybold (“Seybold”), Andrew J. M. Spokes (“Spokes”), John R. Warren (“Warren”) and Mark C. Wehrly (“Wehrly”). |
Dreyfuss, Fisch, Fried, Kim, Linn, Patel, Roberts, Seybold, Spokes, Warren and Wehrly are together referred to herein as the “Farallon Individual Reporting Persons.”
This Schedule 13G reports that effective December 31, 2019, Monica R. Landry (“Landry”) resigned as a member of the Farallon General Partner and a manager of the FCAAI General Partner. Accordingly, as of that date, Landry no longer may be deemed a beneficial owner of any Shares held by the Farallon Funds. Unless the context otherwise requires, any reference herein to the “Farallon Individual Reporting Persons” shall not include Landry.
The citizenship of each of the Farallon Funds, the Farallon General Partner and the FCAAI General Partner is set forth above. Each of Landry and the Farallon Individual Reporting Persons, other than Spokes, is a citizen of the United States. Spokes is a citizen of the United Kingdom. The address of the principal business office of each of the Reporting Persons is c/o Farallon Capital Management, L.L.C., One Maritime Plaza, Suite 2100, San Francisco, California 94111.
Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is an Entity Specified in (a) - (k):
Not applicable.
Item 4. Ownership
The information required by Items 4(a) - (c) and set forth in Rows 5 through 11 of the cover page for each Reporting Person is incorporated herein by reference for each such Reporting Person.
The Shares reported hereby for the Farallon Funds are owned directly by the Farallon Funds. The Farallon General Partner, as general partner of FCP and the sole member of the FCAAI General Partner, may be deemed to be a beneficial owner of all such Shares owned by the Farallon Funds. The FCAAI General Partner, as general partner of FCAAI, may be deemed to be a beneficial owner of all such Shares owned by FCAAI. Each of the Farallon Individual Reporting Persons, as a managing member or senior managing member, as the case may be, of the Farallon General Partner and a manager or senior manager, as the case may be, of the FCAAI General Partner, with the power to exercise investment discretion, may be deemed to be a beneficial owner of all such Shares owned by the Farallon Funds. Each of the Farallon General Partner, the FCAAI General Partner and the Farallon Individual Reporting Persons hereby disclaims any beneficial ownership of any such Shares.
| Page 19 of 22 Pages |
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be a beneficial owner of more than five percent of the class of securities, check the following: ☒
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
Not applicable.
Item 8. Identification and Classification of Members of the Group
The Reporting Persons are filing this Schedule 13G pursuant to Section 240.13d-1(c). Consistent with Item 2 of the cover page for each Reporting Person above, the Reporting Persons neither disclaim nor affirm the existence of a group among them.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
| Page 20 of 22 Pages |
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: February 13, 2020
| /s/ Michael B. Fisch | ||
| FARALLON PARTNERS, L.L.C., | ||
| On its own behalf and | ||
| As the General Partner of | ||
| FARALLON CAPITAL PARTNERS, L.P., | ||
By Michael B. Fisch, Managing Member |
||
| /s/ Michael B. Fisch | ||
| FARALLON AA GP, L.L.C., | ||
| On its own behalf and | ||
| As the General Partner of | ||
| FARALLON CAPITAL AA INVESTORS, L.P. | ||
By Michael B. Fisch, Manager |
||
| /s/ Michael B. Fisch | ||
Michael B. Fisch, individually and as attorney-in-fact for each of Philip D. Dreyfuss, Richard B. Fried, David T. Kim, Monica R. Landry, Michael G. Linn, Rajiv A. Patel, Thom as G. Roberts, Jr., William Seybold, Andrew J. M. Spokes, John R. Warren and Mark C. Wehrly | ||
The Power of Attorney executed by Landry
authorizing Fisch to sign and file this Schedule 13G on her behalf, which was filed as an exhibit to the Schedule 13D filed with
the Securities and Exchange Commission (the “SEC”) on August 26, 2014 by such Reporting Person with respect
to the Common Stock of Town Sports International Holdings Inc., is hereby incorporated by reference. The Powers of Attorney executed
by each of Dreyfuss, Fried, Kim, Linn, Patel, Roberts, Seybold, Spokes, Warren and Wehrly authorizing Fisch to sign and file this
Schedule 13G on his behalf, which were filed as exhibits to the Schedule 13G filed with the SEC on February 13, 2020 by such Reporting
Persons with respect to the Common Stock of Broadmark Realty Capital Inc., are hereby incorporated by reference.
| Page 21 of 22 Pages |
EXHIBIT INDEX
| EXHIBIT 1 | Joint Acquisition Statement Pursuant to Section 240.13d-1(k) (previously filed)
|
Page 22 of 22 Pages