SEC Form 4 · accession 0000899243-17-024953
EMERGENT CAPITAL, INC. · EMGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Antony Mitchell
Other
Period of report
Oct 31, 2017
Accepted (ET)
Oct 31, 2017 · 2:19 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494448
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 31, 2017 | S | 5,000,000 | $0.20 | D | 0 | I | By Tin-Rez Corp. |
| Common Stock | holding | — | — | — | 814,334 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F2 | $12.90 | holding | — | — | — | — | Feb 8, 2018 | Common Stock | 450,371 | 450,371 | D |
| Warrant (right to buy)F2 | $14.5125 | holding | — | — | — | — | Feb 8, 2018 | Common Stock | 450,370 | 450,370 | D |
| Warrant (right to buy)F2 | $16.125 | holding | — | — | — | — | Feb 8, 2018 | Common Stock | 450,370 | 450,370 | D |
| Warrant (right to buy)F2 | $12.90 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 20,799 | 20,799 | D |
| Warrant (right to buy)F2 | $14.5125 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 20,799 | 20,799 | D |
| Warrant (right to buy)F2 | $16.125 | holding | — | — | — | — | Feb 15, 2018 | Common Stock | 20,798 | 20,798 | D |
| Stock Option (right to buy)F3 | $10.75 | holding | — | — | — | — | Feb 7, 2018 | Common Stock | 120,000 | 120,000 | D |
| Stock Option (right to buy)F4 | $6.94 | holding | — | — | — | — | Jun 6, 2020 | Common Stock | 120,000 | 120,000 | D |
Explanation of responses
- F1The reporting person may be deemed to be a beneficial owner of these shares and disclaims beneficial ownership of these shares except to the extent of any indirect pecuniary interest therein.
- F2The warrants vest pro rata over a four year period.
- F3The options vest pro rata over a three-year period beginning on the first anniversary of the date of grant.
- F4The option is vested as to one third of the shares on the date of grant. The remaining shares vest in two equal installments on June 6, 2014 and June 6, 2015.