Evermore Global Value Fund 3
3 · EMERGENT CAPITAL, INC. · Filed Aug 4, 2017
Insider Transaction Report
Form 3
Evermore Global Value Fund
10% Owner
Holdings
- 16,710,000
Common Stock
Warrants (rights to buy) to purchase Common Stock
Exercise: $0.20Exp: 2025-07-28→ Common Stock (4,344,786 underlying)
Footnotes (2)
- [F1]The Warrants will vest at later times tied to the conversion of the Issuer's outstanding 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; provided that 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, then all remaining shares of the Issuer's common stock under the Warrants will vest and become immediately exercisable.
- [F2]Subject to adjustment in accordance with Article 3 of the Warrants.