Blackstone Holdings III L.P. - Jun 17, 2021 Form 4 Insider Report for Ellington Residential Mortgage REIT (EARN)

Role
10%+ Owner
Signature
BLACKSTONE TACTICAL OPPORTUNITIES EARN HOLDINGS LLC By:BTO EARN Manager LLC, its MM By:BTOA LLC, its SM By:Blackstone Holdings III LP, its MM By:Blackstone Holdings III GP LP, its GP By:Blackstone Holdings III GP Management LLC, its GP By:/s/Tabea Hsi,SMD
Stock symbol
EARN
Transactions as of
Jun 17, 2021
Transactions value $
-$34,240,000
Form type
4
Date filed
6/21/2021, 07:55 PM
Previous filing
Jun 17, 2021
Next filing
Jul 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EARN Common Stock Sale -$34.2M -2.68M -80.97% $12.80 629K Jun 17, 2021 See Footnotes F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Blackstone Holdings III L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This amount represents the $13.20 public offering price per common share of beneficial interest, $0.01 par value per share ("Common Shares") of the Issuer, less the underwriting discount of $0.40 per share.
F2 These shares represent Common Shares that are directly held by Blackstone Tactical Opportunities EARN Holdings L.L.C. ("EARN Holdings").
F3 BTO EARN Manager L.L.C. is the managing member of EARN Holdings. BTOA L.L.C. is the sole member of BTO EARN Manager L.L.C. Blackstone Holdings III L.P. is the managing member of BTOA L.L.C. The general partner of Blackstone Holdings III L.P. is Blackstone Holdings III GP L.P.
F4 The general partner of Blackstone Holdings III GP L.P. is Blackstone Holdings III GP Management L.L.C. The sole member of Blackstone Holdings III GP Management L.L.C. is The Blackstone Group Inc. The sole holder of the Series II preferred stock of The Blackstone Group Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.
F5 Each of such Blackstone entities and Mr. Schwarzman may be deemed to beneficially own the shares beneficially owned by EARN Holdings directly or indirectly controlled by it or him, but each (other than EARN Holdings to the extent of its direct holdings) disclaims beneficial ownership of such shares, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.