Resendez Edward 4
4 · Ellington Financial LLC · Filed Sep 19, 2011
Insider Transaction Report
Form 4
Resendez Edward
Director
Transactions
- Award
LTIP Units
2011-09-15+1,250→ 3,750 total→ Common shares representing ltd liability company interests (1,250 underlying)
Footnotes (2)
- [F1]Represents a separate non-voting class of limited liability company interests ("LTIP Units") of Ellington Financial LLC (the "Company"), which are structured as profits interests. The LTIP Units were issued pursuant to, and are subject to the terms and conditions of, the Issuer's 2007 Incentive Plan for Individuals.
- [F2]The 1,250 LTIP Units remain forfeitable, subject to the reporting person's continued service as a member of the board of directors of the Company, until September 14, 2012. Once vested, the LTIP Units may be converted at the election of the holder, into common shares representing limited liability interests of the Company on a one-for-one basis.