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Filing Details

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
1474801	Laurence Penn	53 Forest Avenue Old Greenwich CT 06870	Ceo And President	Yes	Yes	No	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 Rep Limited Liability Company Interests	Acquisiton	2011-12-30	635	$17.16	16,675	No	4	P	Direct
Common Shares Rep Limited Liability Company Interests	Acquisiton	2011-12-31	154,552	$0.00	154,552	No	4	J	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	J	Indirect	See footnote

Footnotes

This transaction was executed in multiple trades at prices ranging from $17.10 to $17.18. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. All purchases pursuant to this transaction were made pursuant to a 10b5-1 trading plan adopted by the reporting person.
On December 31, 2011, as a result of an internal restructuring (the "Restructuring"), Mr. Penn may be deemed to be the beneficial owner of 153,022 common shares held by EMG Holdings, L.P. ("EMGH"). In connection with the Restructuring, common shares previously held by New Ellington Partners, L.P. ("NEP"), Ellington Mortgage Partners, LLC ("EMP") and New Ellington Credit Partners, L.P. ("NECP") were transferred to EMGH and other entities and persons via a series of pro rata distributions and contributions. No one received or paid any consideration for any common shares transferred in connection with the Restructuring. 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 Restructuring.