SEC Form 3 · accession 0001209191-17-047737

EMERGENT CAPITAL, INC. · EMGC

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

Reporting owner

Director

Period of report

Jul 28, 2017

Accepted (ET)

Aug 4, 2017 · 4:53 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^F1	holding	—	—		—	11,185,000	I	By: Evermore Global Advisors, LLC on behalf of client

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Warrants (right to buy) to purchase Common Stock^F1,F3,F2	$0.20	holding	—	—	—	—	Jul 28, 2025	Common Stock	2,907,821	—	I

F1The securities are held by Evermore Global Advisors, LLC on behalf of its client, Sirius International Insurance Corporation (Publ). Evermore Global Advisors, LLC disclaims beneficial interest in such securities except to the extent of any pecuniary interest therein. The reporting person may be deemed to be a control person of Evermore Global Advisors, LLC and disclaims beneficial ownership of all shares held by Evermore Global Advisors, LLC, except to the extent of any indirect pecuniary interest therein.
F2The warrants will vest at later times tied to the conversion of the issuer's outstanding 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; provided that 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, then all remaining shares of the issuer's common stock under the warrants shall vest and become immediately exercisable.
F3Subject to adjustment in accordance with Article 3 of the warrants.