Ellington Credit Co — Director's Dealing 2014

Sep 15, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ellington Residential Mortgage REIT (EARN)
CIK: 0001560672
Period of Report: 2014-09-11

Reporting Person: ROBARDS THOMAS F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-11	Common shares of beneficial interest	A	2358	—	Acquired	3974	Direct

Footnotes

F1: The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as an independent trustee under the Ellington Residential Mortgage REIT 2013 Equity Incentive Plan. 630 of the Common Shares vested on the date of grant, the remaining 1,728 Common Shares will vest, subject to certain limitations, on September 10, 2015.