SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Webb C Clark

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Elah Holdings, Inc. [ ELLH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2018
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/22/2018 P(1) 3,402 A $48.33 184,439 I By 210/RELY Partners, LP(2)(3)(4)(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Webb C Clark

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
210 Capital, LLC

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
210/RELY Investment, LLC

(Last) (First) (Middle)
8214 WESTCHESTER
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
210/RELY Partners, LP

(Last) (First) (Middle)
8412 WESTCHESTER DRIVE

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
CCW/LAW Holdings, LLC

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
COVENANT RHA PARTNERS, L.P.

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RHA Investments, Inc.

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Alpert Robert H

(Last) (First) (Middle)
8214 WESTCHESTER DRIVE
SUITE 950

(Street)
DALLAS TX 75225

(City) (State) (Zip)
Explanation of Responses:
1. This transaction represents the private purchases by 210/RELY Partners, LP of (i) 114 shares from Aleris Corporation ("Aleris"), which represents the aggregated fractional shares created when Aleris made a pro rata distribution on May 23, 2018 of its shares of common stock of Elah Holdings, Inc. (f/k/a Real Industry, Inc.) (the "Issuer") to its stockholders (the "Aleris Distribution"), and (ii) 3,288 shares from Apollo ALS Holdings II LP ("Apollo"), which represents a portion of the shares Apollo received in the Aleris Distribution.
2. This statement is being jointly filed by (i) C. Clark Webb, in his capacity as a director of the Issuer, (ii) Robert H. Alpert, in his capacity as a director of the Issuer, (iii) 210/RELY Partners, LP ("210 Partners"), (iv) 210/RELY Investment, LLC ("210 Investment"), (v) 210 Capital, LLC ("210 Capital"), (vi) Covenant RHA Partners, L.P. ("RHA Partners"), (vii) CCW/LAW Holdings, LLC ("CCW Holdings"), and (viii) RHA Investments, Inc. ("RHA Investments")(collectively, the "Reporting Persons").
3. 210 Investment is the general partner of, and may be deemed to beneficially own certain securities owned by, 210 Partners. 210 Capital is the sole member of, and may be deemed to beneficially own certain securities owned by, 210 Investment. RHA Partners and CCW Holdings are the members of, and may be deemed to beneficially own certain securities owned by, 210 Capital. Mr. Webb is the sole member of, and may be deemed to beneficially own certain securities owned by, CCW Holdings. RHA Investments is the general partner of, and may be deemed to beneficially own certain securities owned by, RHA Partners. Mr. Alpert is the President and sole shareholder of, and may be deemed to beneficially own certain securities owned by, RHA Investments.
4. The Reporting Persons state that neither the filing of this Form 4 nor anything herein shall be deemed an admission that such persons are, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, the beneficial owners of any securities covered by this Form 4. The Reporting Persons disclaim beneficial ownership of the securities covered by this Form 4, except to the extent of the pecuniary interest of such persons in such securities, if any.
5. Represents common stock of the Issuer owned directly by 210 Partners.
Remarks:
See Exhibit 99 for signatures of Reporting Persons 07/11/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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