SEC Form 4 · accession 0001144204-18-025165
Alcentra Capital Corp · ABDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul Hatfield
Director
Period of report
May 22, 2017
Accepted (ET)
May 3, 2018 · 7:17 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001578620
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | May 22, 2017 | X | 40,243 | — | A | 47,625 | D | |
| Common StockF1 | May 22, 2017 | J | 40,243 | $13.13 | D | 7,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom StockF1,F2 | — | May 22, 2017 | X | 40,243 | D | — | — | Common Stock | 40,243 | 0 | D |
Explanation of responses
- F1On February 28, 2018, the reporting person received a cash payout of his interest in the Alcentra Limited Long Term Incentive Plan ("LTIP"), which amount included the cash equivalent of 40,243 shares of Issuer common stock that had been held pursuant to the LTIP and were sold by the LTIP in a registered offering on May 22, 2017 for $13.13 per share.
- F2Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock and entitled the reporting person to receive, on February 28, 2018, the cash value thereof. The reporting person's shares of phantom stock were settled for cash under the LTIP on May 22, 2017, as discussed in footnote 1 above. The LTIP was designed to provide participants with the opportunity to tie the value of their LTIP award to the investment results of Alcentra products and included a purchase plan for Issuer common stock.