4//SEC Filing
Smernoff Chris 4
Accession 0001628280-20-017680
CIK 0001411342other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:07 PM ET
Size
10.0 KB
Accession
0001628280-20-017680
Insider Transaction Report
Form 4
Smernoff Chris
Chief Accounting Officer
Transactions
- Award
OP LTIP Units
2020-12-17+9,985→ 37,021 total→ Common Units (9,985 underlying)
Footnotes (3)
- [F1]Represents a separate non-voting class of limited liability company interests ("OP LTIP Units") of Ellington Financial Operating Partnership LLC (the "Operating Partnership"), the operating partnership of Ellington Financial Inc. (the "Company").
- [F2]4,993 of the OP LTIP Units will vest on December 17, 2021 and the remaining 4,992 of the OP LTIP units will vest on December 17, 2022. The OP LTIP Units may be converted, upon lapse of the vesting restrictions described above, at the election of the holder, or at any time at the election of the Company, into limited liability company interests of the Operating Partnership designated as common units ("Common Units") on a one-for-one basis. Subject to certain conditions, the Common Units are redeemable by the holder for an equivalent number of shares of common stock of the Company, $0.001 par value per share ("Common Shares") or for the cash value of such Common Shares, at the Company's election. The OP LTIP Units were issued pursuant to, and are subject to the terms and conditions of, the Company's 2017 Equity Incentive Plan (the "2017 Plan").
- [F3]3,686 of the OP LTIP units will vest on December 13, 2021.
Issuer
Ellington Financial Inc.
CIK 0001411342
Entity typeother
Related Parties
1- filerCIK 0001732958
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 4:07 PM ET
- Size
- 10.0 KB