SEC Form 4 · accession 0001181431-15-003689

Elah Holdings, Inc. · ELLH

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

Reporting owner

Kyle Ross

Officer — Executive VP & CFO

Period of report

Feb 27, 2015

Accepted (ET)

Mar 3, 2015 · 8:16 am EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000038984

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1,F2	Feb 27, 2015	A	18,724	$0.00	A	83,917	D
Common Stock	Feb 27, 2015	M	4,665	$5.64	A	88,582	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Subscription Rights (right to buy)	$5.64	Feb 27, 2015	M	8,300	D	Jan 28, 2015	Feb 20, 2015	Common Stock	4,665	0	D

Explanation of responses

F1Shares were granted and issued effective February 27, 2015 ("Grant Date") pursuant to the Amended and Restated Signature Group Holdings, Inc. 2006 Performance Incentive Plan as a discretionary bonus approved by the Board of Directors on February 25, 2015. The number of shares granted represents an amount of $131,255 divided by $7.01, the last sale price of the common stock on the Grant Date.
F2Includes 18,724 shares of restricted stock which will vest in three equal installments on the next three anniversary dates of the grant date, ending on February 27, 2018.

Remarks

As previously reported by the Issuer, each subscription right issued in its rights offering entitled the holder to purchase 0.562 shares of its common stock at an exercise price of $5.64 per share. The issuance of shares in the rights offering was contingent on the Issuer closing its acquisition of the global recycling and specification alloys (GRSA) business from Aleris Corporation, which occurred on February 27, 2015.