Friedman Paul M 4
4 · Great Ajax Corp. · Filed Mar 18, 2024
Insider Transaction Report
Form 4
Friedman Paul M
Director
Transactions
- Award
Common Stock, par value $0.01 per share
2024-03-13$4.87/sh+3,080$15,000→ 46,206 total(indirect: By Trust)
Holdings
- 800(indirect: By Trust)
7.25% Convertible Notes due 2024
Exercise: $14.36From: 2023-04-30Exp: 2024-04-30→ Common Stock, par value $0.01 per share (1,392.4 underlying)
Footnotes (3)
- [F1]Payment of special committee chairman director fees, which was approved by the compensation committee of the board of directors. This form is being filed subsequent to the standard Form 4 timeline.
- [F2]The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7405 shares of the Issuer's common stock per $25.00 principal amount of the Notes (equivalent to a conversion price of approximately $14.36 per share of the Issuer's common stock). The conversion rate, and thus the conversion price, will be subject to adjustment in accordance with the terms of the Notes.
- [F3]Calculated based on the conversion rate of 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.