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Ellington Financial Inc. — Director's Dealing 2012
Jul 2, 2012
32031_dirs_2012-07-02_1bb80ea4-4341-4851-bec3-1969fe642ab3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ellington Financial LLC (EFC)
CIK: 0001411342
Period of Report: 2012-07-02
Reporting Person: EMG Holdings, L.P. (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-07-02 | Common Shares rep limited liability company interests | J | 20257 | — | Acquired | 2372006 | Direct |
| 2012-07-02 | Common Shares rep limited liability company interests | J | 204 | — | Acquired | 2372210 | Direct |
| 2012-07-02 | Common Shares rep limited liability company interests | J | 10119 | — | Disposed | 2362091 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-07-02 | LTIP Units | $ | J | 2838 | Disposed | Common shares representing ltd liability company interests (2838) | Direct |
Footnotes
F1: The shares are owned directly by EMG Holdings, L.P. ("EMGH"). The 20,257 shares acquired reflect the distribution by Ellington Financial Management LLC ("EFM") to EMGH.
F2: The shares are owned directly by EMGH. The 204 shares acquired reflect the contribution by VC Investments LLC ("VC") of 204 common shares to EMGH pursuant to a Contribution and Assignment Agreement in exchange for a corresponding increase in VC's capital account in EMGH. VC is the general partner of EMGH.
F3: These shares were distributed to a former partner of EMGH. No one received or paid any consideration for the distributed common shares. None of the pecuniary interests, to the extent any such interests exist, of the ultimate beneficial owners of common shares increased or decreased as a result of the distribution.EMGH disclaims any pecuniary interest in these shares.
F4: Represents a separate non-voting class of limited liability company interets ("LTIP Units") of the issuer, which are structured as profits interests. These 2,838 LTIP Units were distributed to a former partner. The 2,838 LTIP Units are fully vested and may be converted at the election of the holder into common shares representing limited liability interests of the Issuer on a one-for-one basis.