Sarachek Joseph E 4/A

Accession 0000932440-17-000070

CIK 0001494448other

Filed

Sep 27, 8:00 PM ET

Accepted

Sep 28, 5:34 PM ET

Size

10.4 KB

Accession

0000932440-17-000070

Form 4/AAmended

Period: 2017-09-26

Director10% Owner

Transactions

Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+0$0→ 7,320,038 total(indirect: By LLC)

Holdings

Warrants (right to buy)
(indirect: By LLC)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
13,575,000

Director10% Owner

Transactions

Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+0$0→ 7,320,038 total(indirect: By LLC)

Holdings

Warrants (right to buy)
(indirect: By LLC)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
13,575,000

Director10% Owner

Transactions

Purchase
Common Stock, par value $0.01 per share
2017-09-26$0.45/sh+0$0→ 7,320,038 total(indirect: By LLC)

Holdings

Warrants (right to buy)
(indirect: By LLC)
Exercise: $0.20Exp: 2023-07-28→ Common Stock, par value $0.01 per share (13,575,000 underlying)
13,575,000

Footnotes (3)

[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.
[F3]This amendment is being filed to correct the acquisition previously reported.

Documents

1 file

EMERGENT CAPITAL, INC.

CIK 0001494448

Entity typeother