SEC Form 4 · accession 0001628280-16-021520
Ellington Financial Inc. · EFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
VC INVESTMENTS LLC
10% Owner
Michael W Vranos
Officer — Co-Chief Investment Officer · Director · 10% Owner
Period of report
Nov 16, 2016
Accepted (ET)
Nov 16, 2016 · 4:30 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001411342
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF2 | Nov 16, 2016 | J | 65,879 | $0.00 | A | 1,044,492 | I | See Footnote |
| Common SharesF3 | holding | — | — | — | 1,578,537 | I | Trust | |
| Common SharesF4 | holding | — | — | — | 177,474 | I | In Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On November 16, 2016, these common shares were transferred from a partnership to certain limited partners' accounts in EMG Holdings, L.P. ("EMGH") in which these limited partners may withdraw the shares with the consent of Michael W. Vranos. EMGH did not pay or receive any consideration in connection with the transfer of such common shares.
- F2These common shares are owned directly by EMGH. VC Investments LLC ("VC") is the general partner of EMGH. Michael W. Vranos is the managing member of, and holds a controlling interest in, VC. Michael W. Vranos and VC together share the power to direct the voting and disposition of common shares held by EMGH, and may be regarded as the beneficial owners of the common shares. Each of Michael W. Vranos and VC disclaims beneficial ownership of any common shares owned beneficially or of record by each other except to the extent of its or his pecuniary interest therein.
- F3Common Shares are held in a grantor retained annuity trust for which Mr. Vranos acts as a trustee.
- F4Common Shares are held in family trusts for the benefit of EMGH partners (other than Mr. Vranos) for which Mr. Vranos acts as trustee.