4//SEC Filing
KNAPP ROBERT C 4
Accession 0001567619-19-023604
CIK 0001494448other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 2:25 PM ET
Size
21.4 KB
Accession
0001567619-19-023604
Insider Transaction Report
Form 4
KNAPP ROBERT C
Director
Transactions
- Other
5.00% Senior Unsecured Convertible Notes due 2023
2019-12-23(indirect: See footnote)Exercise: $2.00From: 2017-07-28Exp: 2023-02-13→ Common Stock (546,000 underlying) - Other
Common Stock Purchase Warrant (right to buy)
2019-12-23−586,794→ 0 total(indirect: See footnote)Exercise: $0.20Exp: 2025-07-28→ Common Stock (586,794 underlying) - Other
5.00% Senior Unsecured Convertible Notes due 2023
2019-12-23→ 0 total(indirect: See footnote)Exercise: $2.00From: 2017-07-28Exp: 2023-02-13→ Common Stock (4,202,691 underlying) - Other
Common Stock Purchase Warrant (right to buy)
2019-12-23+74,000→ 74,000 total(indirect: See footnote)Exercise: $0.20Exp: 2025-07-28→ Common Stock (74,000 underlying) - Other
5.00% Senior Unsecured Convertible Notes due 2023
2019-12-23(indirect: See footnote)Exercise: $2.00From: 2017-07-28Exp: 2023-02-13→ Common Stock (28,691 underlying) - Other
Common Stock Purchase Warrant (right to buy)
2019-12-23+3,794→ 3,794 total(indirect: See footnote)Exercise: $0.20Exp: 2025-07-28→ Common Stock (3,794 underlying)
Footnotes (10)
- [F1]Subject to adjustment in accordance with Article 3 of the Warrant.
- [F10]This amount reflects the principal amount of 5% Convertible Notes, rather than the number of shares of Common Stock underlying such 5% Convertible Notes.
- [F2]Ironsides Partners Special Situations Master Fund II L.P. distributed these Warrants or 5% Convertible Notes (as defined below), as applicable, to its partners on a pro rata basis, for no consideration.
- [F3]The Warrants will vest at later times based on 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 shall vest and become immediately exercisable.
- [F4]The Warrants or 5% Convertible Notes, as applicable, were held by a private fund. The Reporting Person is the sole managing member and sole owner of the sole member and manager of the general partner of the private fund and a director of a limited partner of the private fund. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
- [F5]Pro rata distribution from Ironsides Partners Special Situations Master Fund II L.P. for no consideration.
- [F6]The Warrants and the 5% Convertible Notes are held by a private fund. The Reporting Person is the manager of the private fund. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The Warrants and the 5% Convertible Notes are subject to a conversion limitation imposed by Florida State law that voids any conversion of such Warrants and/or 5% Convertible Notes into shares of common stock to the extent that the holder would, after such exercise, directly or indirectly own 10% or more of the shares of common stock unless such holder has first applied for and obtained regulatory approval from the Florida Office of Insurance Regulation.
- [F7]The Warrants and the 5% Convertible Notes are held by a private fund. The Reporting Person is the manager of the private fund. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The Warrants and the 5% Convertible Notes are subject to a conversion limitation imposed by Florida State law that voids any conversion of such Warrants and/or 5% Convertible Notes into shares of common stock to the extent that the holder would, after such exercise, directly or indirectly own 10% or more of the shares of common stock unless such holder has first applied for and obtained regulatory approval from the Florida Office of Insurance Regulation.
- [F8]$2.00 (500 shares of common stock per $1,000 principal amount of 5% Convertible Notes, subject to adjustment in accordance with Article 4 of the indenture governing the 5.00% Senior Unsecured Convertible Notes due 2023 (the "5% Convertible Notes")).
- [F9]500 shares of common stock per $1,000 principal amount of 5% Convertible Notes, subject to adjustment in accordance with Article 4 of the indenture governing the 5% Convertible Notes.
Documents
Issuer
EMERGENT CAPITAL, INC.
CIK 0001494448
Entity typeother
Related Parties
1- filerCIK 0001223003
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 2:25 PM ET
- Size
- 21.4 KB