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4//SEC Filing

Sarachek Joseph E 4

Accession 0000932440-18-000043

CIK 0001494448other
View on SEC.govCompany Profile

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 5:32 PM ET

Size

14.0 KB

Accession

0000932440-18-000043

Insider Transaction Report

Form 4
Period: 2018-06-29
EMERGENT CAPITAL, INC.EMGC
Sarachek Joseph E
Director10% Owner
Transactions
  • Award

    Restricted Stock Units

    2018-06-29+400,000→ 400,000 total
    → Common Stock, par value $0.01 per share (400,000 underlying)
  • Award

    Stock Appreciation Right

    2018-06-29+100,000→ 100,000 total
    Exercise: $1.00Exp: 2028-06-28→ Common Stock, par value $0.01 per share (100,000 underlying)
Holdings

  • Common Stock, par value $0.01 per share

    (indirect: By LLC)
    7,320,038

  • 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
TOPCO 1, LLC
Director10% Owner
Transactions
  • Award

    Stock Appreciation Right

    2018-06-29+100,000→ 100,000 total
    Exercise: $1.00Exp: 2028-06-28→ Common Stock, par value $0.01 per share (100,000 underlying)
  • Award

    Restricted Stock Units

    2018-06-29+400,000→ 400,000 total
    → Common Stock, par value $0.01 per share (400,000 underlying)
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

  • Common Stock, par value $0.01 per share

    (indirect: By LLC)
    7,320,038
JSARCO, LLC
Director10% Owner
Transactions
  • Award

    Restricted Stock Units

    2018-06-29+400,000→ 400,000 total
    → Common Stock, par value $0.01 per share (400,000 underlying)
  • Award

    Stock Appreciation Right

    2018-06-29+100,000→ 100,000 total
    Exercise: $1.00Exp: 2028-06-28→ Common Stock, par value $0.01 per share (100,000 underlying)
Holdings

  • Common Stock, par value $0.01 per share

    (indirect: By LLC)
    7,320,038

  • 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 (4)
  • [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]Each Restricted Stock Unit represents a contingent right to receive one share of the Issuer's Common Stock,.
  • [F4]The awards vest on the later of September 30, 2018 or the date of termination of the Reporting Person's service on the Capital Structure Committee of the Issuer's Board of Directors.

Documents

1 file

Issuer

EMERGENT CAPITAL, INC.

CIK 0001494448

→
Entity typeother

Related Parties

1
  • filerCIK 0001370182

Filing Metadata

Form type
4
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 5:32 PM ET
Size
14.0 KB
View on SEC.gov