Lawrence Mendelsohn - Mar 7, 2022 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Lawrence Mendelsohn
Stock symbol
AJX
Transactions as of
Mar 7, 2022
Transactions value $
$569,635
Form type
4
Date filed
3/7/2022, 06:37 PM
Previous filing
Aug 4, 2021
Next filing
Aug 10, 2022

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 $570K +39.6K +12.17% $14.40 365K Mar 7, 2022 By Thetis Asset Management LLC F1
holding AJX Common Stock, par value $0.01 per share 117K Mar 7, 2022 Direct
holding AJX Common Stock, par value $0.01 per share 16.1K Mar 7, 2022 By Flanders Street Credit Partners I., L.P. F1
holding AJX Common Stock, par value $0.01 per share 68.3K Mar 7, 2022 By Aspen Uranus LLC F1
holding AJX Common Stock, par value $0.01 per share 73 Mar 7, 2022 By wife
holding AJX Common Stock, par value $0.01 per share 73 Mar 7, 2022 By son
holding AJX Common Stock, par value $0.01 per share 284K Mar 7, 2022 By Gregory Funding LLC F1
holding AJX Common Stock, par value $0.01 per share 735 Mar 7, 2022 By AIM Capital
holding AJX Common Stock, par value $0.01 per share 3.2K Mar 7, 2022 RPM Capital LLC
holding AJX Common Stock, par value $0.01 per share 367 Mar 7, 2022 By wife through RAD Children's Trust
holding AJX Common Stock, par value $0.01 per share 727K Mar 7, 2022 By Aspen Yo LLC F1, F2
holding AJX Common Stock, par value $0.01 per share 12.1K Mar 7, 2022 By Mendelsohn Family Limited Partnership F3
holding AJX Common Stock, par value $0.01 per share 77.6K Mar 7, 2022 By Great Ajax FS LLC 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 8K Mar 7, 2022 Common Stock, par value $0.01 per share 13.8K $14.47 By Aspen Uranus LLC F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 Includes 284,285 shares held by Gregory Funding LLC, 364,552 shares held by Thetis Asset Management LLC, 315 shares held by Aspen Yo LLC and 77,627 shares held by Great Ajax FS LLC reported herein. Total is net of distributions of 98,693 shares; this includes 379 shares distributed to Aspen Uranus LLC, 147 shares distributed to AIM Capital, 640 shares distributed to RPM Capital LLC, 74 shares distributed to RAD Children's Trust, 1,191 shares distributed to Mendelsohn Family Limited Partnership, and 96,262 shares distributed to entities not controlled by Mr. Mendelsohn.
F3 Mr. Mendelsohn and certain members of his family are partners of Mendelsohn Family Limited Partnership.
F4 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 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.
F5 Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.