SEC Form 4 · accession 0000932440-19-000021
EMERGENT CAPITAL, INC. · EMGC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Miriam Martinez
Officer — CFO and Secretary
Period of report
Dec 22, 2018
Accepted (ET)
Feb 28, 2019 · 4:40 pm EST
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,F2 | Dec 22, 2018 | M | 250,000 | — | A | 284,361 | D | |
| Common Stock | Dec 22, 2018 | F | 74,125 | $0.088 | D | 210,236 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Dec 22, 2018 | M | 250,000 | D | — | — | Common Stock | 250,000 | 250,000 | D |
| Stock Option (right to buy)F4 | $6.94 | holding | — | — | — | — | Jun 6, 2020 | Common Stock | 45,000 | 45,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of Emergent Capital, Inc.'s common stock.
- F2Includes adjustment of 32,361 shares inadvertently omitted from previously reported amount.
- F3The Restricted Stock Units vest on December 21, 2018 as to 250,000 shares and on December 21, 2019 as to 250,000 shares.
- F4One third of the options vested on June 6 of each of 2013, 2014 and 2015.