Jonathan Bradford Handley Jr. - 10 May 2021 Form 4 Insider Report for Great Ajax Corp. (RPT)

Role
Director
Signature
/s/ Jonathan Bradford Handley, Jr.
Issuer symbol
RPT
Transactions as of
10 May 2021
Net transactions value
+$60,397
Form type
4
Filing time
11 May 2021, 16:55:58 UTC
Next filing
09 Aug 2021
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 $50,400 +4,000 +3.9% $12.60 106,547 10 May 2021 Direct F1
transaction AJX Common Stock, par value $0.01 per share Award $9,997 +789 +0.74% $12.67 107,336 10 May 2021 Direct 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 10,000 10 May 2021 Common Stock, par value $0.01 per share 17,279 $14.47 Direct F3, F4
* 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 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.
F3 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.
F4 Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.