SEC FORM
3
SEC Form 3
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF 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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| OMB APPROVAL |
| OMB Number: |
3235-0104 |
| Estimated average burden |
| hours per response: |
0.5 |
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1. Name and Address of Reporting Person*
| C/O BIMINI CAPITAL MANAGEMENT, INC. |
| 3305 FLAMINGO DRIVE |
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year)
04/14/2008
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3. Issuer Name and Ticker or Trading Symbol
BIMINI CAPITAL MANAGEMENT, INC.
[ BMNM ]
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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Director |
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10% Owner |
| X |
Officer (give title below) |
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Other (specify below) |
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EVP, CIO, Interim CFO & Treas
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5. If Amendment, Date of Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing (Check Applicable Line)
| X |
Form filed by One Reporting Person |
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Form filed by More than One Reporting Person |
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| Table I - Non-Derivative Securities Beneficially Owned |
|---|
| 1. Title of Security (Instr.
4)
|
2.
Amount of Securities Beneficially Owned (Instr.
4)
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3. Ownership Form: Direct (D) or Indirect (I) (Instr.
5)
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4. Nature of Indirect Beneficial Ownership (Instr.
5)
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| Class A Common Stock |
14,632 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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|---|
| 1. Title of Derivative Security (Instr.
4)
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2. Date Exercisable and Expiration Date
(Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr.
4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form: Direct (D) or Indirect (I) (Instr.
5)
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6. Nature of Indirect Beneficial Ownership (Instr.
5)
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| Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
| Phantom Stock |
|
|
Class A Common Stock |
3,636 |
|
D |
|
| Phantom Stock |
|
|
Class A Common Stock |
10,176 |
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D |
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| Phantom Stock |
|
|
Class A Common Stock |
105,417 |
|
D |
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| Explanation of Responses: |
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J. Christopher Clifton, Attorney-In-Fact |
04/16/2008 |
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** Signature of Reporting Person |
Date |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
| * If the form is filed by more than one reporting person,
see
Instruction
5
(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). |
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure. |
| 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 Number. |
POWER OF ATTORNEY
The undersigned hereby constitutes and appoints Robert E. Cauley
and J. Christopher Clifton, or any one
of them acting alone, as his true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution for him
in his name and stead in any and all capacities, to sign and file
for and on his behalf, in respect of any acquisition, disposition
or other change in ownership of any shares of common or preferred
stock or derivative securities of Bimini Capital Management, Inc.
(the "Company"), the following:
(i) any Initial Statement of Beneficial Ownership of Securities
on Form 3 to be filed with the Securities and Exchange
Commission;
(ii) any Statement of Changes of Beneficial Ownership of
Securities on Form 4 to be filed with the Securities and Exchange
Commission;
(iii) any Annual Statement of Beneficial Ownership of Securities
on Form 5 to be filed with the Securities and Exchange
Commission;
(iv) any Notice of Proposed Sale of Securities on Form 144 to be
filed with the Securities and Exchange Commission; and
(v) any and all agreements, certificates, receipts, or other
documents in connection therewith.
The undersigned hereby gives full power and authority to the
attorney-in-fact to seek and obtain as the undersigned's
representative and on the undersigned's behalf, information on
transactions in the Company's securities from any third party,
including brokers, employee benefit plan administrators and
trustees, and the undersigned hereby authorizes any such person
to release such information to the undersigned and approves and
ratifies any such release of information.
The undersigned hereby grants unto such attorney-in-fact and
agent full power and authority to do and perform each and every
act and thing requisite and necessary in connection with such
matters and hereby ratifies and confirms all that any such
attorney-in-fact and agent or substitute may do or cause to be
done by virtue hereof.
The undersigned acknowledges that:
(a) neither the Company nor such attorney-in-fact assumes
(i) any liability for the undersigned's responsibility to comply
with the requirement of the Exchange Act, (ii) any liability of
the undersigned for any failure to comply with such requirements,
or (iii) any obligation or liability of the undersigned for
profit disgorgement under Section 16(b) of the Exchange Act; and
(b) this Power of Attorney does not relieve the undersigned
from responsibility for compliance with the undersigned's
obligations under the Exchange Act, including without limitation
the reporting requirements under Section 16 of the Exchange Act.
This Power of Attorney shall remain in full force and effect
until revoked by the undersigned in a signed writing delivered to
such attorney-in-fact.
IN WITNESS WHEREOF, the undersigned has executed this Power of
Attorney.
Date: April 14, 2008 /s/ G. Hunter Haas, IV
Name: G. Hunter Haas, IV
