0001437749-17-003445.txt : 20170228 0001437749-17-003445.hdr.sgml : 20170228 20170228174307 ACCESSION NUMBER: 0001437749-17-003445 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170223 FILED AS OF DATE: 20170228 DATE AS OF CHANGE: 20170228 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ASTA FUNDING INC CENTRAL INDEX KEY: 0001001258 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 223388607 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 210 SYLVAN AVE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 BUSINESS PHONE: 201-567-5648 MAIL ADDRESS: STREET 1: 210 SYLVAN AVE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: STERN RICKY CENTRAL INDEX KEY: 0001605565 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35637 FILM NUMBER: 17649683 MAIL ADDRESS: STREET 1: 210 SYLVAN AVENUE CITY: ENGELWOOD CLIFFS STATE: NJ ZIP: 07632 4 1 rdgdoc.xml FORM 4 X0306 4 2017-02-23 0001001258 ASTA FUNDING INC ASFI 0001605565 STERN RICKY C/O ASTA FUNDING, INC. 210 SYLVAN AVE. ENGLEWOOD CLIFFS NJ 07632 1 1 Senior Vice President Common Stock, par value $.01 per share 2017-02-23 4 P 0 471086 10.35 A 714364 I As Trustee and Beneficiary of Ricky Stern Family 2012 Trust Common Stock, par value $.01 per share 503590 I As co-Trustee and Beneficiary of the Ricky Stern 2012 GST Trust Common Stock, par value $.01 per share 2590 I As co-Trustee of the Emily Stern 2012 GST Trust Common Stock, par value $.01 per share 243278 I As Trustee for Emily Stern Family 2012 Trust Common Stock, par value $.01 per share 862000 I see footnote Common Stock, par value $.01 per share 30220 I Representing proportionate interest in shares held by Asta Group, Incorporated Common Stock, par value $.01 per share 268142 D 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. 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. 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. /s/ Ricky Stern 2017-02-27