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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt">As filed with the Securities and Exchange Commission on March&nbsp;22, 2007<BR>
Registration No.&nbsp;333-_______________
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 6pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 11pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 5pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 8pt">REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 6pt"><B>Luminent Mortgage Capital, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>



<DIV align="center" style="font-size: 10pt; margin-top: 11pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Maryland<BR>
(State or other jurisdiction of <BR>
incorporation or organization) <BR>
101 California Street, Suite&nbsp;1350,
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">06-1694835<BR>
(I.R.S. employer<BR>
identification no.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">San Francisco, California<BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">94111<BR>
(Zip code)</TD>
</TR>
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</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 7pt"><b>Luminent Mortgage Capital, Inc.<BR>
2003 Stock Incentive Plan, as amended
</b></DIV>




<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><b>Luminent Mortgage Capital, Inc.<BR>
2003 Outside Advisors Stock Incentive Plan, as amended<BR>
</b>(Full title of the plans)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 11pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 7pt">Gail P. Seneca<BR>
Chairman and Chief Executive Officer<BR>
Luminent Mortgage Capital, Inc.<BR>
101 California Street, Suite&nbsp;1350<BR>
San Francisco, California 94111<BR>
(Name and address of agent for service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 7pt">(415)&nbsp;217-4500<BR>
(Telephone number, including area code, of agent for service)
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 7pt">Copy to:<BR>
Frederick W. Dreher, Esq.<BR>
John W. Kauffman, Esq.<BR>
Duane Morris LLP<BR>
30 South 17th Street<BR>
Philadelphia, PA 19103<BR>
(215)&nbsp;979-1234
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 9pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 7pt">CALCULATION OF REGISTRATION FEE
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD><!-- VRule -->
    <TD width="2%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-bottom: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Proposed</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%" style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">maximum</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">maximum</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
    <TD width="1%" style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">offering</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">aggregate</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount of</TD>
    <TD width="1%" style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>

    <TD nowrap align="center">Title of securities</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">Amount to be</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">price</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">offering</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">registration</TD>
    <TD width="1%" style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%" style="border-left: 1px solid #000000">&nbsp;</TD>

    <TD nowrap align="center">to be registered</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">registered (1)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">per share(2)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">price(2)</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">fee</TD>
    <TD width="1%" style="border-right: 1px solid #000000">&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD width="1%" style="border-left: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
                    <TD align="center" valign="top" style="border-top: 1px solid #000000">Common stock, $0.001 par value
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">1,000,000 shares
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$8.765
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$8,765,000
</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">$269.09</TD>
    <TD width="1%" style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="15" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>




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</TABLE>
</DIV>

<DIV style="margin-top: 4pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>These shares include 850,000 shares under the 2003 Stock Incentive Plan,
as amended, and 150,000 shares under the 2003 Outside Advisors Stock
Incentive Plan, as amended. This registration statement shall also cover
any additional shares of our common stock that become issuable under the
plan being registered pursuant to this registration statement by reason
of any stock dividend, stock split, recapitalization or any other similar
transaction effected without the receipt of consideration that results in
an increase in the number of outstanding shares of our common stock.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;457(h), the maximum aggregate offering price was
calculated based upon the average of the high and low prices of our
common stock on March&nbsp;16, 2007, which is a date within five business days
prior to the filing of this registration statement, as reported on the
New York Stock Exchange.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 9pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="center" style="font-size: 10pt; margin-top: 18pt">PART II
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">INFORMATION REQUIRED IN REGISTRATION STATEMENT
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;3</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Incorporation of Documents by Reference</b>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents that we have filed with the SEC (File No.&nbsp;001-31828) are incorporated
by reference into this registration statement:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Our annual report on Form 10-K for the fiscal year ended December&nbsp;31, 2006;</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The description of our common stock contained in our registration statement on Form
8-A, filed with the SEC on October&nbsp;16, 2003, and any amendment or report filed for the
purpose of updating such description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents that we file pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d) of the Securities
Exchange Act of 1934, or the Exchange Act, after the date of this registration statement and until
the offering under this registration statement is completed will be deemed to be incorporated by
reference into this registration statement and will be a part of this registration statement from
the date of the filing of the document. Any statement contained in a document incorporated or
deemed to be incorporated by reference into this registration statement will be deemed to be
modified or superseded for purposes of this registration statement to the extent that a statement
contained in this registration statement or in any other subsequently filed document that also is
or is deemed to be incorporated by reference into this registration statement conflicts with,
negates, modifies or supersedes that statement. Any statement that is modified or superseded will
not constitute a part of this registration statement, except as modified or superseded.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;4</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Description of Securities</b>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No answer to this item is required because the class of securities to which this registration
statement relates is registered under Section&nbsp;12 of the Exchange Act.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;5</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Interests of Named Experts and Counsel</b>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters with respect to the validity of the shares of our common stock
registered under this registration statement will be passed upon for us by Duane Morris LLP.
Frederick W. Dreher, who is of counsel to Duane Morris LLP, is the beneficial owner of 50,713
shares of our common stock.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;6</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Indemnification of Directors and Officers</b>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Section&nbsp;2-405.2 of the Maryland General Corporation Law, or the MGCL, our charter
limits the liability of our directors and officers to us and our stockholders for money damages.
This limitation on liability does not apply (1)&nbsp;to the extent that it is proved that the person
actually received an improper benefit or profit in money, property or services
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-1<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">for the amount of the benefit or profit in money, property or services actually received or
(2)&nbsp;to the extent that a judgment or other final adjudication adverse to the person is entered in a
proceeding based on a finding in the proceeding that the person&#146;s action, or failure to act, was
the result of active and deliberate dishonesty and was material to the cause of action adjudicated
in the proceeding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our charter and by-laws also require us, to the fullest extent permitted by Maryland law, to
indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether or not by us or in our right, and whether
civil, criminal, administrative, investigative or otherwise, by reason of the fact that the person
is or was a director or officer of us, or while a director or officer is or was serving at our
request as a director, officer, agent, trustee, partner, member or employee of another corporation,
partnership, joint venture, limited liability company, trust, real estate investment trust,
employee benefit plan or other enterprise. To the fullest extent permitted by Maryland law, the
indemnification will include expenses, including attorneys&#146; fees, judgments, fines and amounts paid
in settlement and any such expenses may be paid by us in advance of the final disposition of such
action, suit or proceeding.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the MGCL and our charter, we must indemnify a director or officer who has been
successful, on the merits or otherwise, in the defense of any proceeding to which the director or
officer is made a party by reason of his or her service in that capacity. We may indemnify our
present and former directors and officers, among others, against judgments, penalties, fines,
settlements and reasonable expenses actually incurred by them in connection with any proceeding to
which they may be made a party by reason of their service in those or other capacities unless it is
established that (i)&nbsp;the act or omission of the director or officer was material to the matter
giving rise to the proceeding and (a)&nbsp;was committed in bad faith or (b)&nbsp;was the result of active
and deliberate dishonesty; (ii)&nbsp;the director or officer actually received an improper personal
benefit in money, property or services; or (iii)&nbsp;in the case of any criminal proceeding, the
director or officer had reasonable cause to believe that the act or omission was unlawful.
However, we may not, under Maryland law, indemnify for an adverse judgment in a suit by or in our
right or for a judgment of liability on the basis that personal benefit was improperly received,
unless in either case a court orders indemnification and then only for expenses. In addition,
Maryland law allows us to advance reasonable expenses to a director or officer upon our receipt of
(1)&nbsp;a written affirmation by the director or officer of his or her good faith belief that the
director or officer has met the standard of conduct necessary for indemnification by us and (2)&nbsp;a
written undertaking by or on his or her behalf to repay the amount paid or reimbursed by us if it
shall ultimately be determined that the standard of conduct was not met.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to our by-laws, we maintain a directors&#146; and officers&#146; liability insurance policy
which, subject to the limitations and exclusions stated therein, covers our officers and directors
for certain actions or inactions that they may take or omit to take in their capacities as our
officers and directors. We have also entered into indemnity agreements with each of
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">our directors and executive officers. The indemnity agreements require, among other things,
that we indemnify such persons to the fullest extent permitted by law, and advance to such persons
all related expenses, subject to reimbursement if it is subsequently determined that
indemnification is not permitted. Under these agreements, we must also indemnify and advance all
expenses incurred by such persons seeking to enforce their rights under the indemnity agreements,
and may cover our directors and executive officers under our directors&#146; and officers&#146; liability
insurance. Although the form of indemnity agreement offers substantially the same scope of
coverage afforded by law, it provides greater assurance to our directors and executive officers and
such other persons that indemnification will be available because, as a contract, it cannot be
modified unilaterally in the future by the board of directors or the stockholders to eliminate the
rights it provides.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing summaries are necessarily subject to the complete text of the MGCL, the our
charter and by-laws, the indemnity agreements entered into between us and each of our directors and
officers and our directors&#146; and officers&#146; liability insurance policy and are qualified in their
entirety by reference thereto.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;7</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Exemption from Registration Claimed.</b>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;8</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Exhibits.</b>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Duane Morris LLP (filed herewith)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm (filed herewith)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Duane Morris LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><b>Item&nbsp;9</b>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Undertakings</b>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby undertake:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;that for the purpose of determining any liability under the Securities Act of 1933, or the
Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof; and
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby further undertake that, for purposes of determining any liability under the
Securities Act, each filing of our annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hereby further undertake that, insofar as indemnification for liabilities arising under the
Securities Act may be permitted to our directors, officers and controlling persons pursuant to the
foregoing provisions, or otherwise, we have been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by us of expenses incurred or paid by any of our directors, officers or controlling
persons in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of our counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by us is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->II-4<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">SIGNATURES
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in San Francisco, California, on March&nbsp;22, 2007.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">LUMINENT MORTGAGE CAPITAL, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gail P. Seneca
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Gail P. Seneca&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chairman and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities and on the dates indicated.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Gail P. Seneca
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Gail P. Seneca
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman, Chief Executive
Officer and Director (principal
executive officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ S. Trezevant Moore, Jr.
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
S. Trezevant Moore, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Operating
Officer and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Christopher J. Zyda
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Christopher J. Zyda
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief
Financial Officer (principal
financial and accounting
officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Leonard Auerbach
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Leonard Auerbach
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Robert B. Goldstein
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Robert B. Goldstein
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Bruce A. Miller
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Bruce A. Miller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Donald H. Putnam
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Donald H. Putnam
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Frank L. Raiter
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Frank L. Raiter
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Joseph E. Whitters
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Joseph E. Whitters
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;22, 2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->II-5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Duane Morris LLP (filed herewith)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Independent Registered Public Accounting Firm (filed herewith)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Duane Morris LLP (included in Exhibit&nbsp;5.1)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "f28439sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 39937}]
{"company-data": {"conformed-name": "LUMINENT MORTGAGE CAPITAL INC", "cik": "0001236309", "assigned-sic": "6798", "irs-number": "061694835", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141509", "film-number": "07712153"}, "business-address": {"street1": "ONE MARKET, SPEAR TOWER", "street2": "30TH FLOOR", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105", "phone": "415-978-3000"}, "mail-address": {"street1": "ONE MARKET, SPEAR TOWER", "street2": "30TH FLOOR", "city": "SAN FRANCISCO", "state": "CA", "zip": "94105"}}
sv8
As filed with the Securities and Exchange Commission on March 22, 2007
Registration No. 333-_______________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Luminent Mortgage Capital, Inc.
(Exact name of registrant as specified in its charter)
Maryland
(State or other jurisdiction of
incorporation or organization)
101 California Street, Suite 1350,
06-1694835
(I.R.S. employer
identification no.)
San Francisco, California
(Address of principal executive offices)
94111
(Zip code)
Luminent Mortgage Capital, Inc.
2003 Stock Incentive Plan, as amended
Luminent Mortgage Capital, Inc.
2003 Outside Advisors Stock Incentive Plan, as amended
(Full title of the plans)
Gail P. Seneca
Chairman and Chief Executive Officer
Luminent Mortgage Capital, Inc.
101 California Street, Suite 1350
San Francisco, California 94111
(Name and address of agent for service)
(415) 217-4500
(Telephone number, including area code, of agent for service)
Copy to:
Frederick W. Dreher, Esq.
John W. Kauffman, Esq.
Duane Morris LLP
30 South 17th Street
Philadelphia, PA 19103
(215) 979-1234
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
maximum
maximum
offering
aggregate
Amount of
Title of securities
Amount to be
price
offering
registration
to be registered
registered (1)
per share(2)
price(2)
fee
Common stock, $0.001 par value
1,000,000 shares
$8.765
$8,765,000
$269.09
(1)
These shares include 850,000 shares under the 2003 Stock Incentive Plan,
as amended, and 150,000 shares under the 2003 Outside Advisors Stock
Incentive Plan, as amended. This registration statement shall also cover
any additional shares of our common stock that become issuable under the
plan being registered pursuant to this registration statement by reason
of any stock dividend, stock split, recapitalization or any other similar
transaction effected without the receipt of consideration that results in
an increase in the number of outstanding shares of our common stock.
(2)
Pursuant to Rule 457(h), the maximum aggregate offering price was
calculated based upon the average of the high and low prices of our
common stock on March 16, 2007, which is a date within five business days
prior to the filing of this registration statement, as reported on the
New York Stock Exchange.
PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3
.
Incorporation of Documents by Reference
.
The following documents that we have filed with the SEC (File No. 001-31828) are incorporated
by reference into this registration statement:
•
Our annual report on Form 10-K for the fiscal year ended December 31, 2006;
•
The description of our common stock contained in our registration statement on Form
8-A, filed with the SEC on October 16, 2003, and any amendment or report filed for the
purpose of updating such description.
All documents that we file pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities
Exchange Act of 1934, or the Exchange Act, after the date of this registration statement and until
the offering under this registration statement is completed will be deemed to be incorporated by
reference into this registration statement and will be a part of this registration statement from
the date of the filing of the document. Any statement contained in a document incorporated or
deemed to be incorporated by reference into this registration statement will be deemed to be
modified or superseded for purposes of this registration statement to the extent that a statement
contained in this registration statement or in any other subsequently filed document that also is
or is deemed to be incorporated by reference into this registration statement conflicts with,
negates, modifies or supersedes that statement. Any statement that is modified or superseded will
not constitute a part of this registration statement, except as modified or superseded.
Item 4
.
Description of Securities
.
No answer to this item is required because the class of securities to which this registration
statement relates is registered under Section 12 of the Exchange Act.
Item 5
.
Interests of Named Experts and Counsel
.
Certain legal matters with respect to the validity of the shares of our common stock
registered under this registration statement will be passed upon for us by Duane Morris LLP.
Frederick W. Dreher, who is of counsel to Duane Morris LLP, is the beneficial owner of 50,713
shares of our common stock.
Item 6
.
Indemnification of Directors and Officers
.
Pursuant to Section 2-405.2 of the Maryland General Corporation Law, or the MGCL, our charter
limits the liability of our directors and officers to us and our stockholders for money damages.
This limitation on liability does not apply (1) to the extent that it is proved that the person
actually received an improper benefit or profit in money, property or services
II-1
for the amount of the benefit or profit in money, property or services actually received or
(2) to the extent that a judgment or other final adjudication adverse to the person is entered in a
proceeding based on a finding in the proceeding that the person's action, or failure to act, was
the result of active and deliberate dishonesty and was material to the cause of action adjudicated
in the proceeding.
Our charter and by-laws also require us, to the fullest extent permitted by Maryland law, to
indemnify any person who was or is a party or is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether or not by us or in our right, and whether
civil, criminal, administrative, investigative or otherwise, by reason of the fact that the person
is or was a director or officer of us, or while a director or officer is or was serving at our
request as a director, officer, agent, trustee, partner, member or employee of another corporation,
partnership, joint venture, limited liability company, trust, real estate investment trust,
employee benefit plan or other enterprise. To the fullest extent permitted by Maryland law, the
indemnification will include expenses, including attorneys' fees, judgments, fines and amounts paid
in settlement and any such expenses may be paid by us in advance of the final disposition of such
action, suit or proceeding.
Under the MGCL and our charter, we must indemnify a director or officer who has been
successful, on the merits or otherwise, in the defense of any proceeding to which the director or
officer is made a party by reason of his or her service in that capacity. We may indemnify our
present and former directors and officers, among others, against judgments, penalties, fines,
settlements and reasonable expenses actually incurred by them in connection with any proceeding to
which they may be made a party by reason of their service in those or other capacities unless it is
established that (i) the act or omission of the director or officer was material to the matter
giving rise to the proceeding and (a) was committed in bad faith or (b) was the result of active
and deliberate dishonesty; (ii) the director or officer actually received an improper personal
benefit in money, property or services; or (iii) in the case of any criminal proceeding, the
director or officer had reasonable cause to believe that the act or omission was unlawful.
However, we may not, under Maryland law, indemnify for an adverse judgment in a suit by or in our
right or for a judgment of liability on the basis that personal benefit was improperly received,
unless in either case a court orders indemnification and then only for expenses. In addition,
Maryland law allows us to advance reasonable expenses to a director or officer upon our receipt of
(1) a written affirmation by the director or officer of his or her good faith belief that the
director or officer has met the standard of conduct necessary for indemnification by us and (2) a
written undertaking by or on his or her behalf to repay the amount paid or reimbursed by us if it
shall ultimately be determined that the standard of conduct was not met.
Pursuant to our by-laws, we maintain a directors' and officers' liability insurance policy
which, subject to the limitations and exclusions stated therein, covers our officers and directors
for certain actions or inactions that they may take or omit to take in their capacities as our
officers and directors. We have also entered into indemnity agreements with each of
II-2
our directors and executive officers. The indemnity agreements require, among other things,
that we indemnify such persons to the fullest extent permitted by law, and advance to such persons
all related expenses, subject to reimbursement if it is subsequently determined that
indemnification is not permitted. Under these agreements, we must also indemnify and advance all
expenses incurred by such persons seeking to enforce their rights under the indemnity agreements,
and may cover our directors and executive officers under our directors' and officers' liability
insurance. Although the form of indemnity agreement offers substantially the same scope of
coverage afforded by law, it provides greater assurance to our directors and executive officers and
such other persons that indemnification will be available because, as a contract, it cannot be
modified unilaterally in the future by the board of directors or the stockholders to eliminate the
rights it provides.
The foregoing summaries are necessarily subject to the complete text of the MGCL, the our
charter and by-laws, the indemnity agreements entered into between us and each of our directors and
officers and our directors' and officers' liability insurance policy and are qualified in their
entirety by reference thereto.
Item 7
.
Exemption from Registration Claimed.
Not applicable.
Item 8
.
Exhibits.
Exhibit No.
Description of Exhibit
5.1
Opinion of Duane Morris LLP (filed herewith)
23.1
Consent of Independent Registered Public Accounting Firm (filed herewith)
23.2
Consent of Duane Morris LLP (included in Exhibit 5.1)
Item 9
.
Undertakings
.
We hereby undertake:
(a)     to file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement to include any material information with respect to the
plan of distribution not previously disclosed in the registration statement or any material change
to such information in the registration statement;
(b)     that for the purpose of determining any liability under the Securities Act of 1933, or the
Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that
time shall be deemed to be the initial bona fide offering thereof; and
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(c)     to remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
We hereby further undertake that, for purposes of determining any liability under the
Securities Act, each filing of our annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report
pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
We hereby further undertake that, insofar as indemnification for liabilities arising under the
Securities Act may be permitted to our directors, officers and controlling persons pursuant to the
foregoing provisions, or otherwise, we have been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by us of expenses incurred or paid by any of our directors, officers or controlling
persons in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, we will, unless
in the opinion of our counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by us is against public
policy as expressed in the Securities Act and will be governed by the final adjudication of such
issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in San Francisco, California, on March 22, 2007.
LUMINENT MORTGAGE CAPITAL, INC.
By:
/s/ Gail P. Seneca
Gail P. Seneca
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Gail P. Seneca
Gail P. Seneca
Chairman, Chief Executive
Officer and Director (principal
executive officer)
March 22, 2007
/s/ S. Trezevant Moore, Jr.
S. Trezevant Moore, Jr.
President, Chief Operating
Officer and Director
March 22, 2007
/s/ Christopher J. Zyda
Christopher J. Zyda
Senior Vice President and Chief
Financial Officer (principal
financial and accounting
officer)
March 22, 2007
/s/ Leonard Auerbach
Leonard Auerbach
Director
March 22, 2007
/s/ Robert B. Goldstein
Robert B. Goldstein
Director
March 22, 2007
/s/ Bruce A. Miller
Bruce A. Miller
Director
March 22, 2007
/s/ Donald H. Putnam
Donald H. Putnam
Director
March 22, 2007
/s/ Frank L. Raiter
Frank L. Raiter
Director
March 22, 2007
/s/ Joseph E. Whitters
Joseph E. Whitters
Director
March 22, 2007
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EXHIBIT INDEX
Exhibit No.
Description of Exhibit
5.1
Opinion of Duane Morris LLP (filed herewith)
23.1
Consent of Independent Registered Public Accounting Firm (filed herewith)
23.2
Consent of Duane Morris LLP (included in Exhibit 5.1)