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Filing Details

Accession Number:
0001181431-12-066256
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-12-20 16:29:24
Reporting Period:
2012-12-18
Filing Date:
2012-12-20
Accepted Time:
2012-12-20 16:29:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1411342 Ellington Financial Llc EFC Real Estate (6500) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1098488 Vc Investments Llc 53 Forest Ave
Old Greenwich CT 06870
No No Yes No
1474808 W Michael Vranos 53 Forest Avenue
Old Greenwich CT 06870
Co-Chief Investment Officer Yes Yes Yes No
1478394 Emg Holdings, L.p. 53 Forest Ave
Old Greenwich CT 06870
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Disposition 2012-12-18 212,000 $22.00 2,203,298 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Shares 14,294 Direct
Footnotes
  1. The shares were beneficially owned directly by EMG Holdings, L.P. ("EMGH") and sold in a block trade in connection with a transaction described in further detail on a Form 8-K dated December 18, 2012 filed by Ellington Financial LLC (the "Company"). In connection with this transaction, EMGH intends to purchase an equal amount of operating units (at the same price at which the block sale was consummated) in a new subsidiary operating partnership of the Company (which operating units will be convertible on a one-for-one basis into Company common shares), thus changing only the form of beneficial ownership by Michael W. Vranos, VC Investments LLC ("VC") and EMGH from non-derivative security to derivative security. All proceeds from the sale are being contributed to the Company's operating partnership in connection with the transaction described above.
  2. 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 transaction.
  3. The shares are beneficially owned indirectly by each of Michael W. Vranos and VC. Of the 2,203,298 shares indirectly beneficially owned by each of Michael W. Vranos and VC, 2,150,091 common shares are owned directly by EMGH and 53,207 common shares are directly owned by Ellington Financial Management LLC ("EFM"), the Company's manager. 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 these common shares, and may be regarded as the beneficial owners of these 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.
  4. Represents common shares owned directly by Michael W. Vranos.