4//SEC Filing
Sarachek Joseph E 4
Accession 0000932440-17-000066
CIK 0001494448other
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 9:05 PM ET
Size
10.2 KB
Accession
0000932440-17-000066
Insider Transaction Report
Form 4
Sarachek Joseph E
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+37,358$16,811→ 7,357,396 total(indirect: By LLC)
Holdings
- 13,575,000(indirect: By LLC)
Warrants (right to buy)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
TOPCO 1, LLC
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+37,358$16,811→ 7,357,396 total(indirect: By LLC)
Holdings
- 13,575,000(indirect: By LLC)
Warrants (right to buy)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
JSARCO, LLC
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+37,358$16,811→ 7,357,396 total(indirect: By LLC)
Holdings
- 13,575,000(indirect: By LLC)
Warrants (right to buy)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
Footnotes (2)
- [F1]Mr. Sarachek is the principal and manager of TopCo 1, LLC, which is the manager of JSARCo, LLC.
- [F2]Of such warrants, 8,750,000 vested on July 28, 2017 and 4,825,000 will vest in connection with the conversion of the issuer's 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, or earlier 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.
Documents
Issuer
EMERGENT CAPITAL, INC.
CIK 0001494448
Entity typeother
Related Parties
1- filerCIK 0001370182
Filing Metadata
- Form type
- 4
- Filed
- Sep 25, 8:00 PM ET
- Accepted
- Sep 26, 9:05 PM ET
- Size
- 10.2 KB