0001567619-19-023604.txt : 20191226
0001567619-19-023604.hdr.sgml : 20191226
20191226142506
ACCESSION NUMBER: 0001567619-19-023604
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20191223
FILED AS OF DATE: 20191226
DATE AS OF CHANGE: 20191226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KNAPP ROBERT C
CENTRAL INDEX KEY: 0001223003
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35064
FILM NUMBER: 191310226
MAIL ADDRESS:
STREET 1: C/O IRONSIDES PARTNERS LLC
STREET 2: 100 SUMMER STREET, SUITE 2705
CITY: BOSTON
STATE: MA
ZIP: 02110
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: EMERGENT CAPITAL, INC.
CENTRAL INDEX KEY: 0001494448
STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311]
IRS NUMBER: 300663473
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1130
BUSINESS ADDRESS:
STREET 1: 5355 TOWN CENTER ROAD
STREET 2: SUITE 701
CITY: BOCA RATON
STATE: FL
ZIP: 33486
BUSINESS PHONE: 561-995-4200
MAIL ADDRESS:
STREET 1: 5355 TOWN CENTER ROAD
STREET 2: SUITE 701
CITY: BOCA RATON
STATE: FL
ZIP: 33486
FORMER COMPANY:
FORMER CONFORMED NAME: IMPERIAL HOLDINGS, INC.
DATE OF NAME CHANGE: 20141023
FORMER COMPANY:
FORMER CONFORMED NAME: Imperial Holdings, Inc.
DATE OF NAME CHANGE: 20110211
FORMER COMPANY:
FORMER CONFORMED NAME: Imperial Holdings, LLC
DATE OF NAME CHANGE: 20100617
4
1
doc1.xml
FORM 4
X0306
4
2019-12-23
0
0001494448
EMERGENT CAPITAL, INC.
EMGC
0001223003
KNAPP ROBERT C
C/O IRONSIDES PARTNERS LLC
100 SUMMER STREET
BOSTON
MA
02210
1
0
0
0
Common Stock Purchase Warrant (right to buy)
0.20
2019-12-23
4
J
0
586794
D
2025-07-28
Common Stock
586794
0
I
See footnote
Common Stock Purchase Warrant (right to buy)
.20
2019-12-23
4
J
0
3794
A
2025-07-28
Common Stock
3794
3794
I
See footnote
Common Stock Purchase Warrant (right to buy)
.20
2019-12-23
4
J
0
74000
A
2025-07-28
Common Stock
74000
74000
I
See footnote
5.00% Senior Unsecured Convertible Notes due 2023
2.00
2019-12-23
4
J
0
8405382
D
2017-07-28
2023-02-13
Common Stock
4202691
0
I
See footnote
5.00% Senior Unsecured Convertible Notes due 2023
2.00
2019-12-23
4
J
0
57382
A
2017-07-28
2023-02-13
Common Stock
28691
57382
I
See footnote
5.00% Senior Unsecured Convertible Notes due 2023
2.00
2019-12-23
4
J
0
1092000
A
2017-07-28
2023-02-13
Common Stock
546000
1092000
I
See footnote
Subject to adjustment in accordance with Article 3 of the Warrant.
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.
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.
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.
Pro rata distribution from Ironsides Partners Special Situations Master Fund II L.P. for no consideration.
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.
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.
$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")).
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.
This amount reflects the principal amount of 5% Convertible Notes, rather than the number of shares of Common Stock underlying such 5% Convertible Notes.
/s/ Robert Knapp
2019-12-26