SEC Form 4 · accession 0001628280-18-010467
Ellington Financial Inc. · EFC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Vranos
Officer — Co-Chief Investment Officer · Director · 10% Owner
Period of report
Aug 1, 2018
Accepted (ET)
Aug 3, 2018 · 5:12 pm EDT
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 | Aug 1, 2018 | J | 1,841 | $0.00 | A | 1,025,920 | I | See Footnote |
| Common Shares | holding | — | — | — | 362,070 | D | ||
| Common SharesF3 | holding | — | — | — | 1,296,262 | I | See footnote | |
| Common SharesF4 | holding | — | — | — | 177,474 | I | In Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares were issued in connection with the second quarter 2018 incentive fee payable to Ellington Financial Management LLC ("EFM"), the issuer's manager, pursuant to a management agreement between the issuer and EFM.
- F2Of these 1,025,920 common shares, 1,024,079 common shares are owned directly by EMG Holdings, L.P. ("EMGH") and 1,841 common shares are directly owned by EFM. VC Investments LLC ("VC") is the general partner of EMGH and the managing member of EFM. 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 EFM, 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.
- F3Mr. Vranos is the managing member of an entity that holds these shares for estate planning purposes.
- F4Common Shares are held in family trusts for the benefit of EMGH partners (other than Mr. Vranos) for which Mr. Vranos acts as trustee.