SEC Form 4 · accession 0000932440-18-000065
EMERGENT CAPITAL, INC. · EMGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owners
Patrick J Curry
Officer — CEO · Director · 10% Owner
PJC INVESTMENTS, LLC
Director · 10% Owner
Period of report
Sep 25, 2018
Accepted (ET)
Sep 27, 2018 · 4:32 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 Stock, par value $0.01 per shareF1 | Sep 25, 2018 | P | 10,000 | $0.269 | A | 14,384,716 | I | By PJC Investments, LLC |
| Common Stock, par value $0.01 per shareF1 | Sep 25, 2018 | P | 10,000 | $0.27 | A | 14,394,716 | I | By PJC Investments, LLC |
| Common Stock, par value $0.01 per shareF1 | Sep 25, 2018 | P | 20,000 | $0.279 | A | 14,414,716 | I | By PJC Investments, LLC |
| Common Stock, par value $0.01 per shareF1 | Sep 26, 2018 | P | 2,500 | $0.276 | A | 14,417,216 | I | By PJC Investments, LLC |
| Common Stock, par value $0.01 per shareF1 | Sep 26, 2018 | P | 12,500 | $0.28 | A | 14,429,716 | I | By PJC Investments, LLC |
| Common Stock, par value $0.01 per share | holding | — | — | — | 552,431 | I | By spouse. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1,F2 | $0.20 | holding | — | — | — | — | Jul 28, 2023 | Common Stock, par value $0.01 per share | 13,575,000 | 13,575,000 | I |
Explanation of responses
- F1Mr. Curry is the principal and manager of PJC Investments, LLC.
- F2Of such warrants, 8,750,000 vested on July 28, 2017 and 4,825,000 will vest in connection with the conversion of the issuer's senior unsecured convertible notes outstanding as of July 28, 2017 (the "Outstanding Convertible Notes") into shares of the issuer's common stock on a 1 to 1 basis, or earlier upon the earliest date on which (x) at least 50% of the aggregate principal amount of the Outstanding Convertible Notes are converted into shares of the issuer's common stock, or (y) all of the Outstanding Convertible Notes are no longer outstanding.
Remarks
Because Patrick J. Curry, a director of the issuer, controls PJC Investments, LLC, PJC Investments, LLC may be deemed to be a director by deputization.