John Kirk Ogren JR - May 10, 2021 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
Director
Signature
/s/ John Kirk Ogren, Jr.
Stock symbol
AJX
Transactions as of
May 10, 2021
Transactions value $
$60,397
Form type
4
Date filed
5/11/2021, 04:37 PM
Next filing
Aug 9, 2021

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 $50.4K +4K +9.25% $12.60 47.2K May 10, 2021 Direct F1, F2
transaction AJX Common Stock, par value $0.01 per share Award $10K +789 +1.67% $12.67 48K May 10, 2021 Direct F3
holding AJX Common Stock, par value $0.01 per share 106 May 10, 2021 By daughter F4
holding AJX Common Stock, par value $0.01 per share 106 May 10, 2021 By son F4
holding AJX Common Stock, par value $0.01 per share 106 May 10, 2021 By daughter F4

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 1.5K May 10, 2021 Common Stock, par value $0.01 per share 2.59K $14.47 Direct 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 2014 Director Equity Plan; 2,000 shares vest immediately and the remaining 2,000 shares are subject to a one-year vesting period.
F2 Includes 554.250 shares acquired on March 31, 2021 under the Issuer's Dividend Reinvestment Plan.
F3 Payment of director fees for first quarter ended March 31, 2021. Price per share is the average closing price per share for the first five days preceding the dividend record date of March 18, 2021.
F4 Includes 1.587 shares acquired on March 31, 2021 under the Issuer's Dividend Reinvestment Plan.
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 the 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.