SARACHEK JOSEPH E exercised options at EMERGENT CAPITAL, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 6/10/2019ACC: 0000932440-19-000035
Director10% Owner
Since Sep 2018
0.00
Net shares
Net seller
$0.00
Total acquired
0
Open market trades
0B · 0S
2
Total transactions
400K acquired · 400K disposed
Non-Derivative Transactions1
Common Stock, par value $.01 per share
Direct
Shares
+400K
Price / share
—
Trade value
—
% of position
New position
9/30/2018
0.00→400K
Total
Net shares
+400K
Net value
$0.00
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per share Direct | 9/30/2018 | M · Option Exercise | +400K | — | — | New position | 0.00 | 400K |
| Total | +400K | $0.00 | ||||||
Derivative Transactions1
Restricted Stock Units
Direct
Converts to
Common Stock, par value $0.01 per share
400K shares
Shares
−400K
Strike price
Held after
0.00
Exercisable
—
9/30/2018
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Restricted Stock Units Direct | Common Stock, par value $0.01 per share400K shares | 9/30/2018 | M · Option Exercise | −400K | — | 0.00 |
Non-Derivative Holdings (Post-Transaction)1
Common Stock, par value $.01 per share
IndirectShares owned7.32M
Total
7.32M indirect7.32M
| Security Title | Shares Owned | Ownership Type |
|---|---|---|
| Common Stock, par value $.01 per share | 7.32M | Indirect |
| Total | 7.32M | 7.32M indirect |
Derivative Holdings (Post-Transaction)2
Stock Appreciation Right
DirectUnderlying security
Common Stock, par value $0.01 per share
Underlying shares
100K
Shares owned
100K
Exercise price
1.00
Expiration
—
Exercise window
—
Warrants (right to buy)
IndirectUnderlying security
Common Stock, par value $0.01 per share
Underlying shares
13.57M
Shares owned
13.57M
Exercise price
.20
Expiration
—
Exercise window
—
Total
Underlying
13.68M
Owned
13.68M
| Security | Underlying | Exercise Price | Exercise Window | Expiration | Underlying Shares | Shares Owned |
|---|---|---|---|---|---|---|
| Stock Appreciation Right Direct | Common Stock, par value $0.01 per share | 1.00 | — | — | 100K | 100K |
| Warrants (right to buy) Indirect | Common Stock, par value $0.01 per share | .20 | — | — | 13.57M | 13.57M |
| Total | 13.68M | 13.68M | ||||