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