KNAPP ROBERT C 4
4 · EMERGENT CAPITAL, INC. · Filed Jan 2, 2018
Insider Transaction Report
Form 4
KNAPP ROBERT C
Director
Transactions
- Purchase
5.00% Senior Unsecured Convertible Notes due 2023
2017-12-28$4941650.00/sh+8,068,000$39,869,232,200,000(indirect: See footnote)Exercise: $2.00From: 2017-07-28Exp: 2023-02-13→ Common Stock (4,034,000 underlying)
Footnotes (4)
- [F1]$2.00 (500 shares of common stock per $1,000 principal amount of 5% Convertible Notes (as defined below), subject to adjustment in accordance with Article 4 of the indenture governing the 5.00% Senior Unsecured Convertible Notes due 2023 (the "5% Convertible Notes")).
- [F2]500 shares of common stock per $1,000 principal amount of 5% Convertible Notes, subject to adjustment in accordance with Article 4 of the indenture governing the 5% Convertible Notes.
- [F3]This amount reflects the principal amount of 5% Convertible Notes, rather than the number of shares of Common Stock underlying such 5% Convertible Notes.
- [F4]The 5% Convertible Notes are held by a private fund. The Reporting Person is the sole managing member and sole owner of the sole member and manager of the general partner of the private fund and a director of a limited partner of the private fund. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The 5% Convertible Notes are subject to a conversion limitation imposed by Florida State law that voids any conversion of such 5% Convertible Notes into shares of common stock to the extent that the holder would, after such exercise, directly or indirectly own 10% or more of the shares of common stock unless such holder has first applied for and obtained regulatory approval from the Florida Office of Insurance Regulation.