Great Ajax Corp.

05/11/2021 | Press release | Archived content

Insider Trading Report (SEC Filing - 4)

SEC FORM 4SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Ogren John Kirk JR
(Last) (First) (Middle)
13190 SW 68TH PARKWAY
SUITE 110
(Street)
TIGARD OR 97223
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Great Ajax Corp. [ AJX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 05/10/2021 A 4,000(1) A $12.6 47,245.4812(2) D
Common Stock, par value $0.01 per share 05/10/2021 A 789(3) A $12.67 48,034.4812 D
Common Stock, par value $0.01 per share 106.029(4) I By daughter
Common Stock, par value $0.01 per share 106.029(4) I By son
Common Stock, par value $0.01 per share 106.029(4) I By daughter
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
7.25% Convertible Notes due 2024 $14.47(5) 04/30/2023 04/30/2024 Common Stock, par value $0.01 per share 2,591.85(6) 1,500 D
Explanation of Responses:
1. Granted pursuant to the 2014 Director Equity Plan; 2,000 shares vest immediately and the remaining 2,000 shares are subject to a one-year vesting period.
2. Includes 554.250 shares acquired on March 31, 2021 under the Issuer's Dividend Reinvestment Plan.
3. Payment of director fees for first quarter ended March 31, 2021. Price per share is the average closing price per share for the first five days preceding the dividend record date of March 18, 2021.
4. Includes 1.587 shares acquired on March 31, 2021 under the Issuer's Dividend Reinvestment Plan.
5. 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.
6. Calculated based on the conversion rate of 1.7279 shares of the Issuer's common stock per $25.00 principal amount of Notes.
Remarks:
/s/ John Kirk Ogren, Jr. 05/11/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.