SEC Form 4 · accession 0001140361-15-043871
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 4, 2015
Accepted (ET)
Dec 8, 2015 · 11:40 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 | Dec 4, 2015 | P | 726 | $3.96 | A | 234,324 | D | |
| Common StockF4 | Dec 7, 2015 | P | 20,000 | $3.85 | A | 254,324 | D | |
| Common StockF1 | Dec 4, 2015 | J | 44,385 | $0.00 | D | 1,969,460 | I | See Footnote |
| Common StockF5,F1 | Dec 7, 2015 | P | 30,000 | $3.8499 | A | 1,999,460 | I | See Footnote |
| Common StockF3 | holding | — | — | — | 2,224,869 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 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.
- F2The shares are being transferred to a client in connection with an account closing.
- F3The 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 of such investment fund, and is a limited partner in certain such funds. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F4The price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.80 to $3.90, inclusive. The Reporting Person undertakes to provide Emergent Capital, Inc., any security holder of Emergent Capital, Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- F5The price in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $3.8498 to $3.85, inclusive. The Reporting Person undertakes to provide Emergent Capital, Inc., any security holder of Emergent Capital, Inc., or the staff of the Securities & Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.