0000935836-23-000380.txt : 20230502 0000935836-23-000380.hdr.sgml : 20230502 20230502184855 ACCESSION NUMBER: 0000935836-23-000380 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230112 FILED AS OF DATE: 20230502 DATE AS OF CHANGE: 20230502 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Repertoire Master Fund LP CENTRAL INDEX KEY: 0001878549 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 814-00735 FILM NUMBER: 23881046 BUSINESS ADDRESS: STREET 1: 345 CALIFORNIA STREET, SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-677-7050 MAIL ADDRESS: STREET 1: 345 CALIFORNIA STREET, SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Portman Ridge Finance Corp CENTRAL INDEX KEY: 0001372807 IRS NUMBER: 205951150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 650 MADISON AVNUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212.891.2880 MAIL ADDRESS: STREET 1: 650 MADISON AVNUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: KCAP Financial, Inc. DATE OF NAME CHANGE: 20120710 FORMER COMPANY: FORMER CONFORMED NAME: Kohlberg Capital CORP DATE OF NAME CHANGE: 20061211 FORMER COMPANY: FORMER CONFORMED NAME: Kohlberg Capital, LLC DATE OF NAME CHANGE: 20060815 4 1 ownership.xml X0407 4 2023-01-12 0 0001372807 Portman Ridge Finance Corp PTMN 0001878549 Repertoire Master Fund LP 345 CALIFORNIA STREET, SUITE 600 SAN FRANCISCO CA 94104 0 0 1 0 0 Common Stock 2023-01-12 4 P 0 72 22.35 A 1174663 D Common Stock 2023-01-12 4 P 0 429 22.35 A 1175092 D Common Stock 2023-01-12 4 P 0 145 22.35 A 1175237 D Common Stock 2023-01-17 4 S 0 21 22.9 D 1175216 D Common Stock 2023-01-17 4 S 0 125 22.9 D 1175091 D Common Stock 2023-01-17 4 S 0 42 22.9 D 1175049 D Common Stock 2023-01-18 4 S 0 11 22.78 D 1175038 D Common Stock 2023-01-18 4 S 0 67 22.78 D 1174971 D Common Stock 2023-01-18 4 S 0 22 22.78 D 1174949 D Common Stock 2023-01-20 4 S 0 2721 22.6614 D 1172228 D Common Stock 2023-01-20 4 P 0 1397 22.5 A 1173625 D Common Stock 2023-01-25 4 S 0 101 22.8034 D 1173524 D Common Stock 2023-01-25 4 S 0 600 22.8034 D 1172924 D Common Stock 2023-01-25 4 S 0 204 22.8034 D 1172720 D Common Stock 2023-01-26 4 S 0 340 22.8 D 1172380 D Common Stock 2023-01-27 4 S 0 45 22.855 D 1172335 D Common Stock 2023-01-27 4 S 0 265 22.855 D 1172070 D Common Stock 2023-01-27 4 S 0 90 22.855 D 1171980 D Common Stock 2023-01-27 4 P 0 186 22.75 A 1172166 D Common Stock 2023-01-27 4 P 0 1099 22.75 A 1173265 D Common Stock 2023-01-27 4 P 0 373 22.75 A 1173638 D Common Stock 2023-02-06 4 S 0 100 22.7 D 1173538 D Common Stock 2023-02-07 4 S 0 800 22.7025 D 1172738 D Common Stock 2023-02-08 4 S 0 10144 22.6453 D 1162594 D Common Stock 2023-02-09 4 S 0 259 22.79 D 1162335 D Equity Swap (Obligation to Buy) 22.67 2023-02-07 4 J 1 1 A Common Stock 100 1 D Equity Swap (Obligation to Buy) 22.65 2023-02-08 4 J 1 1 A Common Stock 7327 1 D Equity Swap (Obligation to Buy) 23.1084 2023-02-28 4 J 1 1 A Common Stock 2744 1 D Equity Swap (Obligation to Buy) 22.9805 2023-03-03 4 J 1 1 A Common Stock 5107 1 D Equity Swap (Obligation to Sell) 23.3111 2023-03-08 4 J 1 1 A Common Stock 7960 1 D Equity Swap (Obligation to Sell) 22.6950 2023-03-10 4 J 1 1 A Common Stock 200 1 D Equity Swap (Obligation to Buy) 22.0259 2023-03-10 4 J 1 1 A Common Stock 1233 1 D Equity Swap (Obligation to Buy) 21.0692 2023-03-13 4 J 1 1 A Common Stock 6440 1 D Equity Swap (Obligation to Sell) 21.5026 2023-03-14 4 J 1 1 A Common Stock 2979 1 D Equity Swap (Obligation to Sell) 20.9413 2023-03-27 4 J 1 1 A Common Stock 3923 1 D Equity Swap (Obligation to Sell) 20.9001 2023-03-28 4 J 1 1 A Common Stock 5209 1 D Equity Swap (Obligation to Sell) 20.7358 2023-04-03 4 J 1 1 A Common Stock 4555 1 D Equity Swap (Obligation to Sell) 20.5500 2023-04-04 4 J 1 1 A Common Stock 243 1 D Equity Swap (Obligation to Sell) 20.6000 2023-04-11 4 J 1 1 A Common Stock 2797 1 D Equity Swap (Obligation to Sell) 20.5751 2023-04-13 4 J 1 1 A Common Stock 722 1 D Equity Swap (Obligation to Sell) 20.6002 2023-04-14 4 J 1 1 A Common Stock 2363 1 D Equity Swap (Obligation to Sell) 20.6223 2023-04-17 4 J 1 1 A Common Stock 2567 1 D Equity Swap (Obligation to Sell) 20.5034 2023-04-18 4 J 1 1 A Common Stock 984 1 D The reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (i) the reporting person will be obligated to pay to the counterparty the price per share set forth in Column 2 for the notional number of shares of PTMN common stock set forth in Column 7, and (ii) the counterparty will be obligated to pay to the reporting person the market value of the notional number shares of PTMN common stock set forth in Column 7 as of the end of that period. The reporting peron will pay to the counterparty monthly interest on the purchase price of the notional shares, at a rate tied to a market index, and the counterparty will pay to the reporting person all dividends and similar distributions paid on an equivalent number of shares of PTMN common stock during the term. The reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (i) the counterparty will be obligated to pay to the reporting person the price per share set forth in Column 2 for the notional number of shares of PTMN common stock set forth in Column 7, and (ii) the reporting person will be obligated to pay to the counterparty the market value of the notional number shares of PTMN common stock set forth in Column 7 as of the end of that period. The counterparty will pay to the reporting person monthly interest on the purchase price of the notional shares, at a rate tied to a market index, and the reporting person will pay to the counterparty all dividends and similar distributions paid on an equivalent number of shares of PTMN common stock during the term. The transactions in the Issuer's common stock reported herein and in additional Form 4's being filed by the reporting person on this date were matchable under Section 16(b) of the Securities Exchange Act of 1934. Repertoire Master Fund LP has agreed to pay to the Issuer the aggregate profit in the amount of $302,114.78 realized in connection with these transactions. /s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP 2023-05-02