4//SEC Filing
Vranos Michael W 4
Accession 0001628280-20-002984
CIK 0001411342other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:20 PM ET
Size
13.1 KB
Accession
0001628280-20-002984
Insider Transaction Report
Form 4
Vranos Michael W
DirectorCo-Chief Investment Officer10% Owner
Transactions
- Exercise/Conversion
Common Stock
2020-03-02+129,516→ 129,516 total(indirect: By Trust) - Exercise/Conversion
Common Units
2020-03-02−129,516→ 46,171 total(indirect: See footnote)→ Common Stock (129,516 underlying)
Holdings
- 409,879
Common Stock
- 850,887(indirect: See Footnote)
Common Stock
- 177,474(indirect: By Trust)
Common Stock
- 1,248,453(indirect: See footnote)
Common Stock
Footnotes (7)
- [F1]Converted from a class of limited liability company interests ("Common Units") of Ellington Financial Operating Partnership LLC, the operating partnership of Ellington Financial Inc. (the "Issuer"). Subject to certain conditions, the Common Units were redeemable by the holder for an equivalent number of shares of common stock of the Issuer ("Common Stock") or for the cash value of such shares of Common Stock, at the Issuer's election.
- [F2]90,757 shares of Common Stock are held by a family trust of which Mr. Vranos is the settlor (the "Vranos Family Trust") and 38,759 shares of Common Stock are held by an entity owned by a family trust of which Laurence Penn is a settlor and for which Mr. Vranos serves as a trustee (the "Penn Family Trust"). Mr. Vranos has certain consent rights with respect to transfers of shares of Common Stock held by the Vranos Family Trust and the Penn Family Trust. Mr. Vranos disclaims any pecuniary interest in the shares of Common Stock held by the Vranos Family Trust and the Penn Family Trust.
- [F3]Of these 850,887 shares of Common Stock, 850,250 of them are owned directly by EMG Holdings, L.P. ("EMGH") and 637 of them are directly owned by Ellington Financial Management LLC ("EFM"). VC Investments L.L.C. ("VC") is the general partner of EMGH and the managing member of EFM. Mr. Vranos is the managing member of, and holds a controlling interest in, VC. Mr. Vranos and VC together share the power to direct the voting and disposition of shares of Common Stock held by EMGH and EFM, and may be regarded as the beneficial owners of the shares of Common Stock. Each of Mr. Vranos and VC disclaims beneficial ownership of any shares of Common Stock owned beneficially or of record by each other except to the extent of his or its pecuniary interest therein.
- [F4]Mr. Vranos is the managing member of an entity that holds these shares for estate planning purposes.
- [F5]Shares of Common Stock are held in family trusts for the benefit of EMGH partners (other than Mr. Vranos) for which Mr. Vranos acts as trustee.
- [F6]Subject to certain conditions, the Common Units were redeemable by the holder for an equivalent number of shares of Common Stock or for the cash value of such shares of Common Stock, at the Issuer's election.
- [F7]Of the 129,516 Common Units that were converted into shares of Common Stock, 90,757 Common Units were held by the Vranos Family Trust and 38,759 Common Units were held by the Penn Family Trust. Mr. Vranos has certain consent rights with respect to transfers of all Common Units including those held by the Vranos Family Trust and the Penn Family Trust. Mr. Vranos disclaims any pecuniary interest in the Common Units held by the Vranos Family Trust and the Penn Family Trust. The remaining 46,171 Common Units are held by EMGH. Mr. Vranos and VC together share the power to direct the voting and disposition of Common Units held by EMGH, and may be regarded as the beneficial owners of the Common Units. Each of Mr. Vranos and VC disclaims beneficial ownership of any Common Units owned beneficially or of record by each other except to the extent of his or its pecuniary interest therein.
Documents
Issuer
Ellington Financial Inc.
CIK 0001411342
Entity typeother
Related Parties
1- filerCIK 0001474808
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 6:20 PM ET
- Size
- 13.1 KB