4//SEC Filing
BERCE DANIEL E 4
Accession 0001104659-23-127036
CIK 0001209028other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 8:57 PM ET
Size
11.2 KB
Accession
0001104659-23-127036
Insider Transaction Report
Form 4
BERCE DANIEL E
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-12-14−65,000→ 0 total - Disposition to Issuer
Deferred Stock Units
2023-12-14−46,097→ 0 total→ Class A Common Stock (46,097 underlying) - Disposition to Issuer
Restricted Stock Units
2023-12-14−71,319→ 0 total→ Class A Common Stock (71,319 underlying)
Footnotes (4)
- [F1]On December 14, 2023, pursuant to the Agreement and Plan of Merger, dated as of May 29, 2023 (the "Agreement"), by and among the Issuer, Ellington Financial Inc., a Delaware corporation ("Parent"), EF Merger Sub Inc., a Virginia corporation and a direct and wholly owned subsidiary of Parent ("Merger Sub"), and solely for the limited purposes set forth in the Agreement, Ellington Financial Management LLC, a Delaware limited liability company ("EFC Manager"), the Issuer merged with and into Merger Sub with Merger Sub continuing as the surviving corporation and a subsidiary of Parent (the "Merger").
- [F2]Pursuant to the Agreement, at the effective time of the Merger (the "Effective Time"), each share of the Issuer's Class A common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to receive (i) from Parent, 0.3619 shares of Parent's common stock, with fractional shares paid out in cash, and (ii) from EFC Manager, $0.09 in cash (the "Per Share Common Merger Consideration").
- [F3]Pursuant to the Agreement, at the Effective Time, each outstanding restricted stock unit held by the reporting person was converted into the right to receive the Per Share Common Merger Consideration.
- [F4]Pursuant to the Agreement, at the Effective Time, each outstanding deferred stock unit held by the reporting person was converted into the right to receive the Per Share Common Merger Consideration.
Documents
Issuer
Arlington Asset Investment Corp.
CIK 0001209028
Entity typeother
IncorporatedMN
Related Parties
1- filerCIK 0001115044
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 8:57 PM ET
- Size
- 11.2 KB