SEC Form 5 · accession 0001140361-15-006843

EMERGENT CAPITAL, INC. · EMGC

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

Reporting owner

Phillip Goldstein

Director · 10% Owner

Period of report

Dec 31, 2014

Accepted (ET)

Feb 17, 2015 · 10:30 am 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 Stock^F1	Mar 31, 2014	P	13,000	$5.75	A	130,426	D
Common Stock^F2	Aug 8, 2014	P	4,241	$6.48	A	130,426	D
Common Stock^F1,F3	Mar 31, 2014	P	5,000	$5.75	A	1,121,792	I	See Footnote
Common Stock^F3	Aug 11, 2014	P	200	$6.46	A	1,121,792	I	See Footnote
Common Stock^F3	Sep 19, 2014	P	300	$6.36	A	1,121,792	I	See Footnote
Common Stock^F4	holding	—	—		—	1,253,581	I	See Footnote

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Senior Convertible Notes^F4,F5	$6.76	holding	—	—	—	Feb 21, 2014	Feb 15, 2019	Common Stock	932,249	6,302	I

Explanation of responses

F1The Reporting Person's Form 4 filed on April 1, 2014 incorrectly reported that on March 31, 2014, 18,000 shares had been purchased for accounts in which the Reporting Person has a Direct ownership interest. The correct amount of shares purchased for such accounts on such date is 13,000. The remaining 5,000 reported shares were purchased for accounts in which the Reporting Person has an Indirect ownership interest. The first line item herein reflects the correct number of shares (13,000) that should have been reported as having been purchased by accounts in which the Reporting Person has a Direct interest. The third line item herein reflects the number of shares (5,000) that should have been reported as having been purchased by accounts in which the Reporting Person has an Indirect interest.
F2The Reporting Person's Form 4 filed on August 11, 2014 incorrectly reported that on August 8, 2014, 5,759 shares had been purchased. The correct number of shares purchased on such date is 10,000 shares. This line item reflects the number of shares (4,241) not previously reported.
F3The shares are held by various entities and individuals. Bulldog Investors, LLC ("BI") or the Reporting Person has voting and investment power with respect to such shares. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F4The shares are held by certain private investment funds. BI has sole voting and investment power with respect to such shares. The reporting person is a principal of BI and of the general partners of each such investment fund, and is a limited partner in certain of such funds. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F5These totals do not include 2,941 notes that are owned by BI's Special Opportunities Fund, since the Reporting Person has no pecuniary interest therein.