Paul M. Friedman - 07 Mar 2022 Form 4 Insider Report for Great Ajax Corp. (RPT)

Role: Director
Signature: /s/ Paul M Friedman
Issuer symbol: RPT
Transactions as of: 07 Mar 2022
Net transactions value: +$9,994
Form type: 4
Filing time: 07 Mar 2022, 18:27:24 UTC
Previous filing: 27 Jan 2022
Next filing: 14 Apr 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	$9,994	+694	+2.5%	$14.40	28,248	07 Mar 2022	By Paul M. Friedman Living Trust	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						800	07 Mar 2022	Common Stock, par value $0.01 per share	1,382	$14.47	By Paul M. Friedman Living Trust	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 fourth quarter ended December 31, 2021. Price per share is the average closing price per share for the first five days preceding the dividend record date of November 15, 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.