SEC Form 5 · accession 0001225208-17-003255
BARINGS PARTICIPATION INVESTORS · MPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Dec 31, 2016
Accepted (ET)
Feb 14, 2017 · 5:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000831655
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares of Beneficial Interest ("Common Shares")F1 | holding | — | — | — | 67,414 | D | ||
| Shares of Beneficial Interest ("Common Shares")F2,F3 | holding | — | — | — | 143,406 | I | By Barings LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Senior Fixed Rate Convertible Note due 12/13/23F4 | — | holding | — | — | — | — | — | Shares of Beneficial Interest ("Common Shares") | 15,000,000 | 15,000,000 | D |
Explanation of responses
- F1Balance includes shares acquired through dividend reinvestment plan not previously reported since the last filing pursuant to Rule 16a-11 under the Securities Exchange Act of 1934, as amended.
- F2The inclusion of the Barings held securities of the Issuer shall not be construed as an admission that MassMutual is for the purpose of Section 16 of the Securities Exchange Act of 1934, the direct or indirect beneficial owner of any of the securities of the Issuer beneficially owned by Barings.
- F3Effective 09/12/2016, Babson Capital Management LLC became Barings LLC.
- F4Note held by MassMutual that is convertible based on average price of Issuer's common shares ten days prior to exercise.
Remarks
This a joint filing made on behalf of Massachusetts Mutual Life Insurance Company ("MassMutual") and Barings LLC ("Barings"). MassMutual owns 100% of the Issuer's sole convertible debt security. Barings is investment adviser to the Issuer and a wholly-owned subsidiary of MassMutual.