Lawrence Mendelsohn - Aug 8, 2022 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 8, 2022
Transactions value $
$167,360
Form type
4
Date filed
8/10/2022, 04:40 PM
Previous filing
Mar 7, 2022
Next filing
Dec 15, 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 $167K +16K +13.62% $10.46 133K Aug 8, 2022 Direct F1
holding AJX Common Stock, par value $0.01 per share 250K Aug 8, 2022 By Thetis Asset Management LLC F2
holding AJX Common Stock, par value $0.01 per share 16.1K Aug 8, 2022 By Flanders Street Credit Partners I., L.P. F2
holding AJX Common Stock, par value $0.01 per share 68.7K Aug 8, 2022 By Aspen Uranus LLC F2
holding AJX Common Stock, par value $0.01 per share 73 Aug 8, 2022 By wife
holding AJX Common Stock, par value $0.01 per share 73 Aug 8, 2022 By son
holding AJX Common Stock, par value $0.01 per share 362K Aug 8, 2022 By Gregory Funding LLC F2, F3
holding AJX Common Stock, par value $0.01 per share 906 Aug 8, 2022 By AIM Capital
holding AJX Common Stock, par value $0.01 per share 3.95K Aug 8, 2022 RPM Capital LLC
holding AJX Common Stock, par value $0.01 per share 452 Aug 8, 2022 By wife through RAD Children's Trust
holding AJX Common Stock, par value $0.01 per share 612K Aug 8, 2022 By Aspen Yo LLC F2, F4
holding AJX Common Stock, par value $0.01 per share 13.5K Aug 8, 2022 By Mendelsohn Family Limited Partnership F5

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 8, 2022 Common Stock, par value $0.01 per share 13.9K $14.36 By Aspen Uranus LLC F2, F6, F7
* 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 three equal installments annually, starting August 8, 2023.
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 77,627 shares transferred from Great Ajax FS LLC, an entity controlled by Mr. Mendelsohn.
F4 Includes 361,912 shares held by Gregory Funding LLC, 249,695 shares held by Thetis Asset Management LLC, and 363 shares held by Aspen Yo LLC reported herein. Total is net of distributions of 114,857 shares; this includes 442 shares distributed to Aspen Uranus LLC, 171 shares distributed to AIM Capital, 745 shares distributed to RPM Capital LLC, 85 shares distributed to RAD Children's Trust, 1,387 shares distributed to Mendelsohn Family Limited Partnership, and 112,027 shares distributed to entities not controlled by Mr. Mendelsohn.
F5 Mr. Mendelsohn and certain members of his family are partners of Mendelsohn Family Limited Partnership.
F6 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 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.
F7 Calculated based on the conversion rate of 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.