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Ellington Financial Inc. Director's Dealing 2012

Oct 2, 2012

32031_dirs_2012-10-02_2bffa4c0-dc89-41af-aa81-3054d11f60a7.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: 2012-10-01

Reporting Person: SIMON RONALD I (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-10-01 Common shares rep. limited liability company interests M 1250 Acquired 10000 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-10-01 LTIP Units $ M 1250 Disposed Common Shares (1250) Direct

Footnotes

F1: The shares are held in the Simon Family Trust (the "Trust"). Mr. Simon is the trustee of the Trust. Mr. Simon and his wife are the beneficiaries of the Trust. Mr. Simon disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

F2: Represents a separate non-voting class of limited laibility company interests ("LTIP Units") of the Issuer, which are structured as profits interests. The LTIP Units became fully vested on 9/14/2012. The LTIP Units are convertible, at the election of the holder, into common shares representing limited liability company interests of the Issuer on a one-for-one basis.