Paul M. Friedman - May 9, 2022 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
Director
Signature
/s/ Paul M Friedman
Stock symbol
AJX
Transactions as of
May 9, 2022
Transactions value $
$17,502
Form type
4
Date filed
5/9/2022, 04:48 PM
Previous filing
Apr 14, 2022
Next filing
Jul 11, 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 $17.5K +1.55K +5.5% $11.27 29.8K May 9, 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 May 9, 2022 Common Stock, par value $0.01 per share 1.39K $14.36 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 first quarter ended March 31, 2022. Price per share is the average closing price per share for the first five days preceding the dividend record date of March 18, 2022.
F2 The conversion rate of the 7.25% convertible notes due 2024 (the "Notes") equals 1.7405 shares of the Issuer's common stock per $25.00 principal amount of the Notes (equivalent to a conversion price of approximately $14.36 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 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.