BERCE DANIEL E - 14 Dec 2023 Form 4 Insider Report for Arlington Asset Investment Corp.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 14 Dec 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Dec 2023, 20:57:38 UTC
Prior SEC filing: 30 Nov 2023
Next SEC filing: 02 Feb 2024
Source filing: View source filing
Reporting owner signature: D. Scott Parish, Attorney-in-Fact

Key filing fact

BERCE DANIEL E filed Form 4 for Arlington Asset Investment Corp. on 18 Dec 2023.

Key facts

This page summarizes BERCE DANIEL E's Form 4 filing for Arlington Asset Investment Corp..
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 18 Dec 2023, 20:57.

Change

Previous filing in this sequence was filed on 30 Nov 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AAIC transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -65,000
Change %: -100%
Price
Shares after: 0
Date: 14 Dec 2023
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AAIC transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
Shares: -71,319
Change %: -100%
Price
Shares after: 0
Date: 14 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 71,319
Exercise price
Footnotes: F3

AAIC transaction Derivative

Deferred Stock Units

Disposed to Issuer

Transaction value
Shares: -46,097
Change %: -100%
Price
Shares after: 0
Date: 14 Dec 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 46,097
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

BERCE DANIEL E is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On December 14, 2023, pursuant to the Agreement and Plan of Merger, dated as of May 29, 2023 (the "Agreement"), by and among the Issuer, Ellington Financial Inc., a Delaware corporation ("Parent"), EF Merger Sub Inc., a Virginia corporation and a direct and wholly owned subsidiary of Parent ("Merger Sub"), and solely for the limited purposes set forth in the Agreement, Ellington Financial Management LLC, a Delaware limited liability company ("EFC Manager"), the Issuer merged with and into Merger Sub with Merger Sub continuing as the surviving corporation and a subsidiary of Parent (the "Merger").

Footnote F2

Pursuant to the Agreement, at the effective time of the Merger (the "Effective Time"), each share of the Issuer's Class A common stock ("Common Stock") issued and outstanding immediately prior to the Effective Time was converted into the right to receive (i) from Parent, 0.3619 shares of Parent's common stock, with fractional shares paid out in cash, and (ii) from EFC Manager, $0.09 in cash (the "Per Share Common Merger Consideration").

Footnote F3

Pursuant to the Agreement, at the Effective Time, each outstanding restricted stock unit held by the reporting person was converted into the right to receive the Per Share Common Merger Consideration.

Footnote F4

Pursuant to the Agreement, at the Effective Time, each outstanding deferred stock unit held by the reporting person was converted into the right to receive the Per Share Common Merger Consideration.