Jonathan Bradford Handley Jr. - 08 Nov 2021 Form 4 Insider Report for Great Ajax Corp. (RPT)

Role: Director
Signature: /s/ Jonathan Bradford Handley, Jr.
Issuer symbol: RPT
Transactions as of: 08 Nov 2021
Net transactions value: +$9,995
Form type: 4
Filing time: 08 Nov 2021, 15:35:43 UTC
Previous filing: 09 Aug 2021
Next filing: 07 Mar 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	$9,995	+716	+0.66%	$13.96	108,857	08 Nov 2021	Direct	F1

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	08 Nov 2021	Common Stock, par value $0.01 per share	17,279	$14.47	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payment of director fees for third quarter ended September 30, 2021. Price per share is the average closing price per share for the first five days preceding the dividend record date of August 16, 2021.
F2	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.
F3	Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.