SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Schaub Russell

(Last)

(First)

(Middle)

9400 SW BEAVERTON-HILLSDALE HWY

SUITE 131

(Street)

BEAVERTON

97005

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Great Ajax Corp. [ AJX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share	08/13/2020		A		8,000⁽¹⁾	A	$9.55	105,111.191⁽²⁾	D
Common Stock, par value $0.01 per share								1,501⁽³⁾	I	Shackleton RBS 3 LLC
Common Stock, par value $0.01 per share								100.84⁽⁴⁾	I	By wife
Common Stock, par value $0.01 per share								1,175.68⁽⁵⁾	I	By dependent (Rebecca)
Common Stock, par value $0.01 per share								1,175.68⁽⁵⁾	I	By dependent (Benjamin)
Common Stock, par value $0.01 per share								1,175.68⁽⁵⁾	I	By dependent (Samuel)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Granted pursuant to the shareholder approved 2016 Equity Incentive Plan, which will vest in three equal installments annually starting August 13, 2021.

2. Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 1,779.3 shares acquired on August 30, 2019; 1,749.332 shares acquired on November 26, 2019; 1,824.623 shares on May 29, 2020; and 3,225 shares from a stock dividend on March 27, 2020.

3. Securities received pursuant to a distribution made by Aspen Yo to its limited partners.

4. Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 1.995 shares acquired on August 30, 2019; 1.962 shares acquired on November 26, 2019; 2.06 shares on May 29, 2020; and 4.0 shares from a stock dividend on March 27, 2020.

5. Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 1.995 shares acquired on August 30, 2019; 1.962 shares acquired on November 26, 2019; 2.06 shares on May 29, 2020; and 41.04 shares from a stock dividend on March 27, 2020.

	/s/ Russell Schaub	08/19/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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