4//SEC Filing
Mumford Lisa 4
Accession 0001628280-23-041801
CIK 0001411342other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:07 PM ET
Size
12.3 KB
Accession
0001628280-23-041801
Insider Transaction Report
Form 4
Mumford Lisa
Director
Transactions
- Award
OP LTIP Units
2023-12-14+7,657→ 7,657 total→ Common Units (7,657 underlying) - Sale
Common Stock
2023-12-14$13.06/sh−21,180$276,611→ 63,540 total - Exercise/Conversion
Common Stock
2023-12-04+84,720→ 84,720 total - Exercise/Conversion
OP LTIP Units
2023-12-04−84,720→ 0 total→ Common Units (84,720 underlying)
Footnotes (4)
- [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]The OP LTIP Units were issued pursuant to, and were subject to the terms and conditions of, the Company' 2017 Equity Incentive Plan (the "2017 Plan") and were converted into limited liability company interests of the Operating Partnership designated as common units (the "Common Units") on a one-for-one basis and subsequently redeemed for an equivalent number of shares of common stock of the Company, $0.001 par value per share (the "Common Shares").
- [F3]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 84,720 OP LTIP Units became convertible on the day before the one year anniversary of their respective grant. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.
- [F4]The 7,657 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 13, 2024. 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 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 Plan. The rights to convert OP LTIP Units into Common Units and redeem such Common Units do not have expiration dates.
Documents
Issuer
Ellington Financial Inc.
CIK 0001411342
Entity typeother
Related Parties
1- filerCIK 0001380384
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:07 PM ET
- Size
- 12.3 KB