4//SEC Filing
ASTA FUNDING INC 4
Accession 0001437749-17-003445
CIK 0001001258operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 5:43 PM ET
Size
10.5 KB
Accession
0001437749-17-003445
Insider Transaction Report
Form 4
ASTA FUNDING INCASFI
STERN RICKY
Senior Vice President10% Owner
Transactions
- Purchase
Common Stock, par value $.01 per share
2017-02-23$10.35/sh+471,086$4,875,740→ 714,364 total(indirect: By Trust)
Holdings
- 503,590(indirect: By Trust)
Common Stock, par value $.01 per share
- 2,590(indirect: By Trust)
Common Stock, par value $.01 per share
- 243,278(indirect: By Trust)
Common Stock, par value $.01 per share
- 862,000(indirect: see footnote)
Common Stock, par value $.01 per share
- 30,220(indirect: Representing proportionate interest in shares held by Asta Group, Incorporated)
Common Stock, par value $.01 per share
- 268,142
Common Stock, par value $.01 per share
Footnotes (3)
- [F1]The shares are to be acquired pursuant to a Securities Purchase Agreement dated as of January 6, 2017, by and among The Mangrove Partners Master Fund, Ltd., The Mangrove Partners Fund, L.P., Mangrove Partners Fund (Cayman), Ltd., Mangrove Partners, Mangrove Capital and Nathaniel August (collectively, the "Sellers") and Gary Stern (the "Purchaser"). The Purchaser has assigned his right and obligation to purchase the shares under such Securities Purchase Agreement to the Ricky Stern Family 2012 Trust. Securities acquired by the Ricky Stern Family 2012 Trust may be deemed beneficially owned by the Reporting Person because of his positions as trustee and beneficiary of the Ricky Stern Family 2012 Trust. The closing of the purchase of the shares is expected to occur on March 10, 2017.
- [F2]The Reporting Person may be deemed to have beneficial ownership of the shares held in such trust because of his position as Trustee of such trust and as an immediate family member of the beneficiary of such trust. The Reporting Person disclaims any beneficial ownership of the shares held by such trust in excess of the Reporting Person's beneficial ownership therein for purposes of Section 16.
- [F3]Shares held by GMS Family Investors, LLC may be deemed beneficially owned by the Reporting Person because of his position as sole manager of GMS Family Investors, LLC. The Reporting Person disclaims beneficial ownership of the shares held by GMS Family Investors, LLC in excess of his pecuniary interest therein for purposes of Section 16.
Documents
Issuer
ASTA FUNDING INC
CIK 0001001258
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001001258
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 5:43 PM ET
- Size
- 10.5 KB