4//SEC Filing
SIMON RONALD I 4
Accession 0001628280-22-024995
CIK 0001411342other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 4:06 PM ET
Size
14.8 KB
Accession
0001628280-22-024995
Insider Transaction Report
Form 4
SIMON RONALD I
Director
Transactions
- Exercise/Conversion
OP LTIP Units
2022-09-13−4,066→ 6,199 total→ Common Units (4,066 underlying) - Award
OP LTIP Units
2022-09-13+6,199→ 10,265 total→ Common Units (6,199 underlying) - Exercise/Conversion
Common Stock
2022-09-13+4,066→ 43,024 total(indirect: By Trust)
Footnotes (5)
- [F1]The common stock, par value $0.001 per share ("Common Shares"), of Ellington Financial Inc. (the "Company") are held in the Simon Family Trust (the "Trust"). Dr. Simon is a trustee of the Trust. Dr. Simon and his wife are the beneficiaries of the Trust. Dr. Simon disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- [F2]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 subsidiary of the Company.
- [F3]The 6,199 OP 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 12, 2023. 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 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"). The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.
- [F4]The OP LTIP Units were issued pursuant to, and were subject to the terms and conditions of, the 2017 Plan and were converted into Common Units and then redeemed for Common Shares on a one-for-one basis.
- [F5]Represents the conversion of outstanding vested OP LTIP Units into Common Units and the redemption of the Common Units for Common Shares pursuant to the terms thereof. The conversion and redemption do not represent or involve a disposition for value. The 4,066 LTIP Units became convertible on September 13, 2022. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.
Issuer
Ellington Financial Inc.
CIK 0001411342
Entity typeother
Related Parties
1- filerCIK 0001060435
Filing Metadata
- Form type
- 4
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 4:06 PM ET
- Size
- 14.8 KB