Ellington Credit Co — Director's Dealing 2020

Dec 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ellington Residential Mortgage REIT (EARN)
CIK: 0001560672
Period of Report: 2020-12-17

Reporting Person: Herlihy John (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common shares	A	5871	—	Acquired	14252	Direct

Footnotes

F1: The common shares of beneficial interest (the "Common Shares") were granted to the Reporting Person as the Company's Chief Operating Officer, under the Ellington Residential Mortgage REIT 2013 Equity Incentive Plan. 2,936 of the Common Shares will vest, subject to certain limitations, on December 17, 2021, and the remaining 2,935 of the Common Shares will vest, subject to certain limitations, on December 17, 2022.

F2: 2,254 of these Common Shares will vest, subject to certain limitations, on December 13, 2021.