Form 4 for EFC Ellington Financial Inc.
Accepted 2023-12-18 00:00:00 ET · period of report 2023-12-04 · accession 0001628280-23-041801 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-18 | 2023-12-04 | EFC | Mumford Lisa | Dir | M - OptEx | $0.00 | +84.7K | 84.7K | New | $0 |
| D | 2023-12-18 | 2023-12-14 | EFC | Mumford Lisa | Dir | S - Sale+OE | $13.06 | -21.2K | 63.5K | -25% | -$276.6K |
| D | 2023-12-18 | 2023-12-14 | EFC | Mumford Lisa | Dir | A - Grant | $0.00 | +7,657 | 7,657 | New | $0 |
| D | 2023-12-18 | 2023-12-04 | EFC | Mumford Lisa | Dir | M - OptEx | $0.00 | -84.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-12-04 | M | A | 84,720 | $0.00 | 84,720 | D | — | — | |
| 2 | Common | Common Stock | 2023-12-14 | S | D | 21,180 | $13.06 | 63,540 | D | — | — | |
| 3 | Derivative | OP LTIP Units | 2023-12-14 | A | A | 7,657 | $0.00 | 7,657 | D | — · — to — | 7,657 Common Units | (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"). (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. |
| 4 | Derivative | OP LTIP Units | 2023-12-04 | M | D | 84,720 | $0.00 | 0 | D | — · — to — | 84,720 Common Units | (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"). (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. (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"). |