Jonathan Bradford Handley JR - Mar 9, 2023 Form 4 Insider Report for Great Ajax Corp. (AJX)

Role
Director
Signature
/s/ Jonathan Bradford Handley, Jr.
Stock symbol
AJX
Transactions as of
Mar 9, 2023
Transactions value $
$53,249
Form type
4
Date filed
3/9/2023, 03:54 PM
Previous filing
Nov 7, 2022
Next filing
May 8, 2023

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 $35.8K +5K +4.01% $7.15 130K Mar 9, 2023 Direct F1
transaction AJX Common Stock, par value $0.01 per share Award $17.5K +2.12K +1.63% $8.27 132K Mar 9, 2023 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 10K Mar 9, 2023 Common Stock, par value $0.01 per share 17.4K $14.36 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, which will vest in two equal installments annually, starting March 9, 2024.
F2 Payment of director fees for fourth quarter ended December 31, 2022. Price per share is the average closing price per share for the first five days preceding the dividend record date of November 15, 2022.
F3 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.
F4 Calculated based on the conversion rate of 1.7405 shares of the Issuer's common stock per $25.00 principal amount of Notes.