SEC Form 4 · accession 0000899243-18-013879

SARATOGA INVESTMENT CORP. · SAR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO and Director · Director · 10% Owner

Period of report

May 23, 2018

Accepted (ET)

May 24, 2018 · 1:42 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001377936

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	May 23, 2018	S	39,815	$22.45	D	578,007	D
Common Stock^F1	May 23, 2018	S	2,550	$22.46	D	217,774	I	CLO Partners LLC
Common Stock^F1	May 23, 2018	S	635	$22.45	D	120,380	I	By Saratoga Investment Advisors, LLC
Common Stock^F1	May 23, 2018	P	11,000	$22.45	A	589,007	D
Common Stock^F1	May 23, 2018	P	29,061	$22.45	A	618,068	D

No Table II lines on this filing.

F1On May 23, 2018, Mr. Oberbeck sold a total of 43,000 shares of the Company's common stock beneficially owned by him through the following accounts: (i) held by Mr. Oberbeck in a taxable brokerage account, (ii) held by CLO Partners LLC, and (iii) held by Saratoga Investment Advisors, LLC. The total proceeds received for such sales amounted to $965,375.50. Also on May 23, 2018, Mr. Oberbeck purchased a total of 40,061 shares of the Company's common stock to be held in two Individual Retirement Accounts for a total cost of $899,369.45, resulting in a net decrease of 2,939 shares held by Mr. Oberbeck. Mr. Oberbeck has remitted to the Company a check in the amount of $25.50, representing the difference between the sale proceeds and purchase price of the shares that Mr. Oberbeck sold and then reacquired. Mr. Oberbeck's intent in entering into these transactions was solely to effect a change in the form of ownership of the shares with a minimal to zero change in net ownership.