SEC Form 4 · accession 0000899681-18-000003
EMERGENT CAPITAL, INC. · EMGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Knapp
Director
Period of report
Dec 28, 2017
Accepted (ET)
Jan 2, 2018 · 4:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494448
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.00% Senior Unsecured Convertible Notes due 2023F3,F4,F1,F2 | $2.00 | Dec 28, 2017 | P | 8,068,000 | A | Jul 28, 2017 | Feb 13, 2023 | Common Stock | 4,034,000 | — | I |
Explanation of responses
- F1$2.00 (500 shares of common stock per $1,000 principal amount of 5% Convertible Notes (as defined below), subject to adjustment in accordance with Article 4 of the indenture governing the 5.00% Senior Unsecured Convertible Notes due 2023 (the "5% Convertible Notes")).
- F2500 shares of common stock per $1,000 principal amount of 5% Convertible Notes, subject to adjustment in accordance with Article 4 of the indenture governing the 5% Convertible Notes.
- F3This amount reflects the principal amount of 5% Convertible Notes, rather than the number of shares of Common Stock underlying such 5% Convertible Notes.
- F4The 5% Convertible Notes are held by a private fund. The Reporting Person is the sole managing member and sole owner of the sole member and manager of the general partner of the private fund and a director of a limited partner of the private fund. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The 5% Convertible Notes are subject to a conversion limitation imposed by Florida State law that voids any conversion of such 5% Convertible Notes into shares of common stock to the extent that the holder would, after such exercise, directly or indirectly own 10% or more of the shares of common stock unless such holder has first applied for and obtained regulatory approval from the Florida Office of Insurance Regulation.