Penn Laurence 4
4 · Ellington Financial LLC · Filed Mar 26, 2018
Insider Transaction Report
Form 4
Penn Laurence
DirectorCEO and President
Transactions
- Other
Common Shares rep limited liability company interests
2017-09-30+6,414→ 468,611 total(indirect: See footnote)
Holdings
- 16,675
Common Shares rep limited liability company interests
Footnotes (1)
- [F1]In addition to the common shares that Mr. Penn holds directly, Mr. Penn is also a limited partner in EMG Holdings L.P. ("EMGH"), which holds certain common shares with respect to which Mr. Penn receives the economic benefit but does not have voting or dispositive power while held by EMGH. Historically, Mr. Penn has had the right to withdraw from EMGH some of those common shares, but not others. On September 30, 2017, by virtue of the terms of the limited partnership agreement of EMGH, Mr. Penn gained the right to withdraw from EMGH an additional 6,414 common shares, and as a result Mr. Penn may be deemed to have gained beneficial ownership of an additional 6,414 common shares as of such date. As the result of an administrative oversight, the change in status of these common shares was not previously reported on Form 4. Mr. Penn did not pay or receive any consideration in connection with the change in status of these common shares.