Ellington Financial LLC 4
4 · Ellington Financial LLC · Filed Sep 15, 2014
Insider Transaction Report
Form 4
ROBARDS THOMAS F
Director
Transactions
- Award
LTIP Units
2014-09-11+1,947→ 10,551 total→ Common shares representing ltd liability company interests (1,947 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 1,947 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 10, 2015. After the applicable forfeiture restrictions lapse, the LTIP Units may be converted at the election of the holder, into common shares representing limited liability interests of the Company ("Common Shares") on a one-for-one basis. The rights to convert LTIP Units into Common Shares do not have expiration dates.