Lawrence Mendelsohn - Aug 2, 2021 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Lawrence Mendelsohn
Stock symbol
AJX
Transactions as of
Aug 2, 2021
Transactions value $
$179,060
Form type
4
Date filed
8/4/2021, 06:27 PM
Next filing
Mar 7, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AJX Common Stock, par value $0.01 per share Award $179K +14K +13.54% $12.79 117K Aug 2, 2021 Direct F1
holding AJX Common Stock, par value $0.01 per share 424K Aug 2, 2021 By Thetis Asset Management LLC F2
holding AJX Common Stock, par value $0.01 per share 16.1K Aug 2, 2021 By Flanders Street Credit Partners I., L.P. F2
holding AJX Common Stock, par value $0.01 per share 67.9K Aug 2, 2021 By Aspen Uranus LLC F2
holding AJX Common Stock, par value $0.01 per share 73 Aug 2, 2021 By wife
holding AJX Common Stock, par value $0.01 per share 73 Aug 2, 2021 By son
holding AJX Common Stock, par value $0.01 per share 284K Aug 2, 2021 By Gregory Funding LLC F2
holding AJX Common Stock, par value $0.01 per share 588 Aug 2, 2021 By AIM Capital
holding AJX Common Stock, par value $0.01 per share 2.56K Aug 2, 2021 RPM Capital LLC
holding AJX Common Stock, par value $0.01 per share 293 Aug 2, 2021 By wife through RAD Children's Trust
holding AJX Common Stock, par value $0.01 per share 786K Aug 2, 2021 By Aspen Yo LLC F2, F3
holding AJX Common Stock, par value $0.01 per share 10.9K Aug 2, 2021 By Mendelsohn Family Limited Partnership F4
holding AJX Common Stock, par value $0.01 per share 77.6K Aug 2, 2021 By Great Ajax FS LLC F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding AJX 7.25% Convertible Notes due 2024 8K Aug 2, 2021 Common Stock, par value $0.01 per share 13.8K $14.47 By Aspen Uranus LLC F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the shareholder approved 2016 Equity Incentive Plan, which will vest in four equal installments annually, starting August 1, 2022.
F2 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.
F3 Includes 284,285 shares held by Gregory Funding LLC, 423,687 shares held by Thetis Asset Management LLC, 272 shares held by Aspen Yo LLC and 77,627 shares held by Great Ajax FS LLC reported herein. Total is net of distributions of 141,273 shares to entities not controlled by Mr. Mendelsohn.
F4 Mr. Mendelsohn and certain members of his family are partners of Mendelsohn Family Limited Partnership.
F5 The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7279 shares of the Issuer's common stock per $25.00 principal amount of notes (equivalent to a conversion price of approximately $14.47 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.
F6 Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.