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Filing Details

Accession Number:: 0001140361-17-022539
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-05-26 16:03:11
Reporting Period:: 2017-03-24

Filing Date:: 2017-05-26
Accepted Time:: 2017-05-26 16:03:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1046995	Emagin Corp	EMAN	Semiconductors & Related Devices (3674)	880378451

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1230586	Stillwater Holdings Llc	654 Madison Avenue 9Th Floor New York NY 10065		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2017-05-24	50,000	$2.00	2,250,000	No	4	P	Indirect	By Stillwater Trust LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Stillwater Trust LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2017-03-24	100,000	$0.00	100,000	$2.25
Common Stock	Common Stock Purchase Warrants (right to buy)	Acquisiton	2017-05-24	25,000	$0.00	25,000	$2.45

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
100,000	2017-09-24	2021-06-23	No	4	J	Indirect
25,000	2017-05-24	2022-05-24	No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,283,501	Direct
Common Stock	4,250,000	Indirect	By Flat Creek Fiduciary Management LLC, as Trustee
Common Stock	783,325	Indirect	By Rainbow Gate Corporation

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Series B Convertible Preferred Stock	$0.75	5,377,333	4,033	Direct
Common Stock	Series B Convertible Preferred Stock	$0.75	937,333	703	Indirect
Common Stock	Common Stock Purchase Warrants (right to buy)	$0.00	1,152,668	1,152,668	Indirect

Amount	Remaning Holdings	Nature of Ownership
5,377,333	4,033	Direct
937,333	703	Indirect
1,152,668	1,152,668	Indirect

Footnotes

These securities are owned by Stillwater Trust LLC. The sole member of Reporting Person is the sole manager and president of Stillwater Trust LLC, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
These securities are held solely by Flat Creek Fiduciary Management LLC, as trustee of a trust for the benefit of the minor beneficiaries of the sole member of Reporting Person. The sole member of Reporting Person has investment control over such securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
These securities are owned solely by Rainbow Gate Corporation. The sole member of Reporting Person is the investment manager of Rainbow Gate Corporation, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
The Common Stock Purchase Warrant was issued by the Issuer to Stillwater Trust LLC as additional consideration for Stillwater Trust LLC entering into an unsecured debt financing arrangement with Issuer whereby Issuer may borrow up to $5 million on certain terms and conditions.
The Common Stock Purchase Warrant was acquired as part of an underwritten offering in which Stillwater Trust LLC purchased 100,000 shares of Common Stock.
The shares of Series B Convertible Preferred Stock were purchased on December 22, 2008 as part of a private placement with the Issuer in accordance with the Securities Purchase Agreement, dated December 18, 2008, between the Issuer and the holder. The shares of Series B Convertible Preferred Stock have the rights and preferences set forth on the Certificate of Designations of Series B Convertible Preferred Stock filed with the Secretary of State for the State of Delaware on December 19, 2008. The Series B Convertible Preferred Stock has a stated value of $1,000 per share and currently has a conversion price of $0.75 per share.
The Common Stock Warrants have an exercise price of $2.60 per share, are currently exercisable and expire on February 14, 2022.