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 * MENDELSOHN LAWRENCE   2. Issuer Name and Ticker or Trading Symbol Great Ajax Corp. [AJX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) CHIEF EXECUTIVE OFFICER (Last) (First) (Middle) 9400 SW BEAVERTON-HILLSDALE HWY, SUITE 131 3. Date of Earliest Transaction (Month/Day/Year) 04/27/2016 (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 04/27/2016   A   14,916 (1) A $ 15.18 473,681 (2) (3) I By Aspen Yo LLC Common Stock, par value $0.01 per share 04/27/2016   A   14,916 (1) A $ 15.18 198,914 (2) I By Thetis Asset Management LLC Common Stock, par value $0.01 per share               70 I By wife Common Stock, par value $0.01 per share               70 I By daughter Common Stock, par value $0.01 per share               70 I By son Common Stock, par value $0.01 per share               274,667 (2) I By Gregory Funding LLC Common Stock, par value $0.01 per share               7,018 (2) I By Flanders Street Capital Partners I., L.P. (4) Common Stock, par value $0.01 per share               21,452 (2) I By Aspen Uranus LLC Common Stock, par value $0.01 per share               2,070 D   Common Stock, par value $0.01 per share               5,923 (2) I By Mendelsohn Family Limited Partnership (5) Common Stock, par value $0.01 per share               70 I By daughter

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
MENDELSOHN LAWRENCE 9400 SW BEAVERTON-HILLSDALE HWY SUITE 131 BEAVERTON, OR 97005			CHIEF EXECUTIVE OFFICER

Signatures

/s/ Judd Roberts for Lawrence Mendelsohn, Attorney-in-Fact		04/29/2016
**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)	Payment of management fee to Thetis Asset Management LLC for the first quarter ended March 31, 2016.
(2)	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of all of the reported shares for purposes of Section 16 or for any other purpose.
(3)	Includes 274,667 shares held by Gregory Funding LLC and 198,914 shares held by Thetis Asset Management LLC reported herein.
(4)	Flanders Street Capital Partners I., L.P. is managed by Flanders Street Capital Management which is wholly owned by Mr. Mendelsohn. Mr. Mendelsohn and his wife are general partners or agents of certain members of Flanders Street Capital Partners I., L.P.
(5)	Mr. Mendelsohn and certain members of his family are partners of Mendelsohn Family Limited Partnership.

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