SEC Form 4 · accession 0001140361-15-032575
MCG CAPITAL CORP · MCGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gavin Saitowitz
Director
Period of report
Aug 18, 2015
Accepted (ET)
Aug 18, 2015 · 10:35 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001141299
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 18, 2015 | D | 16,000 | — | D | 0 | D | |
| Common StockF1,F2,F3 | Aug 18, 2015 | D | 100,000 | — | D | 0 | I | by Springbok Capital Onshore, LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement") by and among the issuer and PennantPark Floating Rate Capital Ltd. ("PFLT"), PFLT Panama, LLC, PFLT Funding II, LLC, and solely for certain limited purposes under the Merger Agreement, PennantPark Investment Advisers, LLC, on August 18, 2015, each share of the issuer's common stock, issued and outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) and not otherwise excluded pursuant to the terms of the Merger Agreement, was converted into the right to receive $0.30595 in cash and 0.32044 shares of PFLT common stock.
- F2Mr. Saitowitz disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person was or is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3These securities were held by Springbok Capital Onshore, LLC ("Springbok LLC"). Gavin Saitowitz is a Managing Member of Springbok LLC.