Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Schaub Russell
  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
(Last)
(First)
(Middle)
9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2017
(Street)

BEAVERTON, OR 97005
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 08/01/2017   A   4,000 (1) A $ 13.95 65,685.838 (2) D  
Common Stock, par value $0.01 per share 08/10/2018   A   4,000 (3) A $ 13.58 74,626.958 (4) D  
Common Stock, par value $0.01 per share               82.347 (5) I By wife
Common Stock, par value $0.01 per share               1,120.147 (5) I By dependent (Rebecca)
Common Stock, par value $0.01 per share               1,120.147 (5) I By dependent (Benjamin)
Common Stock, par value $0.01 per share               1,120.147 (5) I By dependent (Samuel)

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Schaub Russell
9400 SW BEAVERTON-HILLSDALE HWY
SUITE 131
BEAVERTON, OR 97005
  X     PRESIDENT  

Signatures

 /s/ Russell Schaub   08/14/2018
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Granted pursuant to the 2016 Equity Incentive Plan, one third of which have vested on August 1, 2018 and the rest will vest equally on August 1, 2019 and August 1, 2020. The reporting person inadvertently failed to report this grant on Form 5 for the registrant's 2017 fiscal year.
(2) Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 995.948 shares acquired on March 31, 2017 and 1,074.716 shares acquired on May 30, 2017.
(3) Granted pursuant to the 2016 Equity Incentive Plan, which will vest in three equal installments annually starting August 10, 2019.
(4) Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 1,240.075 shares on August 30, 2017; 1,243.971 shares on December 1, 2017; 1,349.174 shares on March 30, 2018; and 1,107.9 shares on May 30, 2018.
(5) Includes the following shares acquired under the Issuer's Dividend Reinvestment Plan: 1.389 shares on March 31, 2017; 1.499 shares on May 30, 2017; 1.611 shares on August 30, 2017; 1.616 shares on December 1, 2017; 1.753 shares on March 30, 2018; and 1.829 shares on May 30, 2018.

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