0001437749-20-020617.txt : 20201001 0001437749-20-020617.hdr.sgml : 20201001 20201001181918 ACCESSION NUMBER: 0001437749-20-020617 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200929 FILED AS OF DATE: 20201001 DATE AS OF CHANGE: 20201001 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Berman Seth CENTRAL INDEX KEY: 0001538414 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35637 FILM NUMBER: 201217422 MAIL ADDRESS: STREET 1: C/O ASTA FUNDING STREET 2: 210 SYLVAN AVENUE CITY: ENGLEWOOD CLIFFS STATE: NJ ZIP: 07632 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 4 1 rdgdoc.xml FORM 4 X0306 4 2020-09-29 0001001258 ASTA FUNDING INC ASFI 0001538414 Berman Seth C/O ASTA FUNDING, INC. 210 SYLVAN AVE. ENGLEWOOD CLIFFS NJ 07632 1 Secretary & General Counsel Stock Option (right to buy) 7.63 2020-09-29 4 D 0 30000 D 2020-12-15 Common Stock 30000 0 D Stock Option (right to buy) 7.77 2020-09-29 4 D 0 30000 D 2021-12-13 Common Stock 30000 0 D Stock Option (right to buy) 9.57 2020-09-29 4 D 0 20000 D 2022-12-18 Common Stock 20000 0 D Stock Option (right to buy) 8.49 2020-09-29 4 D 0 20000 D 2023-12-12 Common Stock 20000 0 D Options were fully exercisable as of September 29, 2020. Pursuant to the Agreement and Plan of Merger, dated as of April 8, 2020 (as amended, the "Merger Agreement") among Asta Funding, Inc. (the "Company"), Asta Finance Acquisition Inc., and Asta Finance Acquisition Sub Inc., each tendered option was cancelled in exchange for the right to receive cash consideration equal to (a) the product of (i) the excess, if any, of $13.10 over the exercise price per share of the Company's common stock subject to such Company stock option multiplied by (ii) the total number of shares of the Company's common stock subject to such Company stock option, without interest, less (b) such amounts as are required to be withheld or deducted under applicable tax provisions. /s/ Seth Berman 2020-10-01