| Maryland (State or other jurisdiction of incorporation or organization) | | | 47-1271842 (I.R.S. Employer Identification No.) | |
| Large accelerated filer ☐ | | | Accelerated filer ☒ | | | Non-accelerated filer ☐ | | | Smaller reporting company ☐ Emerging growth company ☐ | |
CALCULATION OF REGISTRATION FEE | | ||||||||||||||||||||||||||||
Title of each class of Securities to be registered | | | | Amount to be registered | | | | Proposed maximum offering price per share(2) | | | | Proposed maximum aggregate offering price(2) | | | | Amount of registration fee | | ||||||||||||
Common stock, par value $0.01 per share(1) | | | | | | 6,500,000 | | | | | | $ | 9.02 | | | | | | $ | 58,630,000 | | | | | | $ | 7,610.17 | | |
7.25% Series A Fixed-to-Floating Rate Preferred Stock, liquidation preference $25.00 per share | | | | | | 2,307,400 | | | | | | $ | 25.00 | | | | | | $ | 57,685,000 | | | | | | $ | 7,487.51 | | |
5.00% Series B Fixed-to-Floating Rate Preferred Stock, liquidation preference $25.00 per share | | | | | | 2,892,600 | | | | | | $ | 25.00 | | | | | | $ | 72,315,000 | | | | | | $ | 9,386.49 | | |
| | | Shares of Common Stock Beneficially Owned Prior to the Offering(1)(2) | | | Shares of Common Stock Offered Hereby(4) | | | Shares of Common Stock Beneficially Owned After Completion of the Offering(5) | | |||||||||||||||||||||
Name of Selling Stockholder | | | Number | | | Percent(3) | | | Number | | | Number | | | Percent(6) | | |||||||||||||||
Bay Pond Partners, L.P. | | | | | 1,849,826 | | | | | | 8.07% | | | | | | 250,000 | | | | | | 1,849,826 | | | | | | 6.29% | | |
Flexpoint Special Assets Fund, L.P.(7) | | | | | 1,027,136 | | | | | | 4.48% | | | | | | 500,000 | | | | | | 1,027,136 | | | | | | 3.49% | | |
Ithan Creek Master Investors (Cayman) L.P. | | | | | 1,289,651 | | | | | | 5.62% | | | | | | 175,000 | | | | | | 1,289,651 | | | | | | 4.38% | | |
Purpose Credit Alternative Fund – F LLC. | | | | | 0 | | | | | | 0% | | | | | | 312,500 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – T LLC | | | | | 0 | | | | | | 0% | | | | | | 156,250 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V LLC | | | | | 0 | | | | | | 0% | | | | | | 195,500 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V Ltd. | | | | | 0 | | | | | | 0% | | | | | | 284,500 | | | | | | — | | | | | | — | | |
Magnetar Constellation Master Fund, Ltd. | | | | | 0 | | | | | | 0% | | | | | | 531,250 | | | | | | — | | | | | | — | | |
Magnetar Longhorn Fund LP | | | | | 0 | | | | | | 0% | | | | | | 409,500 | | | | | | — | | | | | | — | | |
Magnetar SC Fund Ltd. | | | | | 0 | | | | | | 0% | | | | | | 1,300,000 | | | | | | — | | | | | | — | | |
Magnetar Structured Credit Fund, LP | | | | | 0 | | | | | | 0% | | | | | | 885,500 | | | | | | — | | | | | | — | | |
Magnetar Xing He Master Fund Ltd. | | | | | 0 | | | | | | 0% | | | | | | 1,500,000 | | | | | | — | | | | | | — | | |
| | | Shares of Series A Preferred Stock Beneficially Owned Prior to the Offering | | | Shares of Preferred Stock Offered Hereby | | | Shares of Series A Preferred Stock Beneficially Owned After Completion of the Offering(2) | | |||||||||||||||||||||
Name of Selling Stockholder | | | Number | | | Percent(1) | | | Number | | | Number | | | Percent(1) | | |||||||||||||||
Bay Pond Partners, L.P. | | | | | 200,000 | | | | | | 8.67% | | | | | | 200,000 | | | | | | — | | | | | | — | | |
Flexpoint Special Assets Fund, L.P.(3) | | | | | 400,000 | | | | | | 17.34% | | | | | | 400,000 | | | | | | — | | | | | | — | | |
Ithan Creek Master Investors (Cayman) L.P. | | | | | 140,000 | | | | | | 6.07% | | | | | | 140,000 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – F LLC. | | | | | 250,000 | | | | | | 10.83% | | | | | | 250,000 | | | | | | — | | | | | | — | | |
Purpose Credit Alternative Fund – T LLC | | | | | 125,000 | | | | | | 5.42% | | | | | | 125,000 | | | | | | — | | | | | | — | | |
Magnetar Constellation Fund V LLC | | | | | 156,400 | | | | | | 6.78% | | | | | | 156,400 | | | | | | — | | | | | | — | | |
Magnetar Longhorn Fund LP | | | | | 327,600 | | | | | | 14.20% | | | | | | 327,600 | | | | | | — | | | | | | — | | |
Magnetar Structured Credit Fund, LP | | | | | 708,400 | | | | | | 30.70% | | | | | | 708,400 | | | | | | — | | | | | | — | | |
| | | Shares of Series B Preferred Stock Beneficially Owned Prior to the Offering | | | Shares of Preferred Stock Offered Hereby | | | Shares of Series B Preferred Stock Beneficially Owned After Completion of the Offering(2) | | |||||||||||||||||||||
Name of Selling Stockholder | | | Number | | | Percent(1) | | | Number | | | Number | | | Percent(1) | | |||||||||||||||
Magnetar Constellation Fund V Ltd. | | | | | 227,600 | | | | | | 7.87% | | | | | | 227,600 | | | | | | — | | | | | | — | | |
Magnetar Constellation Master Fund, Ltd. | | | | | 425,000 | | | | | | 14.69% | | | | | | 425,000 | | | | | | — | | | | | | — | | |
Magnetar SC Fund Ltd. | | | | | 1,040,000 | | | | | | 35.95% | | | | | | 1,040,000 | | | | | | — | | | | | | — | | |
Magnetar Xing He Master Fund Ltd. | | | | | 1,200,000 | | | | | | 41.49% | | | | | | 1,200,000 | | | | | | — | | | | | | — | | |
| | | Amount to be paid | | |||
SEC registration fee | | | | $ | 24,484.17 | | |
Printing expenses | | | | | 5,000* | | |
Legal fees and expenses | | | | | 50,000* | | |
Accounting fees and expenses | | | | | 15,000* | | |
Miscellaneous | | | | | — | | |
Total | | | | $ | 94,484.17 | | |
| | | | By: | | | /s/ Lawrence Mendelsohn Lawrence Mendelsohn Chairman and Chief Executive Officer | |
| Name | | | Capacity | | | Date | |
| /s/ Lawrence Mendelsohn Lawrence Mendelsohn | | | Chairman and Chief Executive Officer (principal executive officer) | | | | |
| /s/ Mary Doyle Mary Doyle | | | Chief Financial Officer (principal financial officer and principal accounting officer) | | | | |
| Russell Schaub | | | President and Director | | | | |
| Steven L. Begleiter | | | Director | | | | |
| John C. Condas | | | Director | | | | |
| Paul Friedman | | | Director | | | | |
| Jonathan Bradford Handley, Jr. | | | Director | | | | |
| J. Kirk Ogren, Jr. | | | Director | | | |