Filing Details
- Accession Number:
- 0000935836-23-000380
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-05-02 18:48:55
- Reporting Period:
- 2023-01-12
- Accepted Time:
- 2023-05-02 18:48:55
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1372807 | Portman Ridge Finance Corp | PTMN | () | 205951150 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1878549 | Repertoire Master Fund Lp | 345 California Street, Suite 600 San Francisco CA 94104 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-01-12 | 72 | $22.35 | 1,174,663 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-01-12 | 429 | $22.35 | 1,175,092 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-01-12 | 145 | $22.35 | 1,175,237 | No | 4 | P | Direct | |
| Common Stock | Disposition | 2023-01-17 | 21 | $22.90 | 1,175,216 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-17 | 125 | $22.90 | 1,175,091 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-17 | 42 | $22.90 | 1,175,049 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-18 | 11 | $22.78 | 1,175,038 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-18 | 67 | $22.78 | 1,174,971 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-18 | 22 | $22.78 | 1,174,949 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-20 | 2,721 | $22.66 | 1,172,228 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-01-20 | 1,397 | $22.50 | 1,173,625 | No | 4 | P | Direct | |
| Common Stock | Disposition | 2023-01-25 | 101 | $22.80 | 1,173,524 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-25 | 600 | $22.80 | 1,172,924 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-25 | 204 | $22.80 | 1,172,720 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-26 | 340 | $22.80 | 1,172,380 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-27 | 45 | $22.86 | 1,172,335 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-27 | 265 | $22.86 | 1,172,070 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-01-27 | 90 | $22.86 | 1,171,980 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-01-27 | 186 | $22.75 | 1,172,166 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-01-27 | 1,099 | $22.75 | 1,173,265 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-01-27 | 373 | $22.75 | 1,173,638 | No | 4 | P | Direct | |
| Common Stock | Disposition | 2023-02-06 | 100 | $22.70 | 1,173,538 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-07 | 800 | $22.70 | 1,172,738 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-08 | 10,144 | $22.65 | 1,162,594 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2023-02-09 | 259 | $22.79 | 1,162,335 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | P | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-02-07 | 1 | $0.00 | 100 | $22.67 |
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-02-08 | 1 | $0.00 | 7,327 | $22.65 |
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-02-28 | 1 | $0.00 | 2,744 | $23.11 |
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-03-03 | 1 | $0.00 | 5,107 | $22.98 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-03-08 | 1 | $0.00 | 7,960 | $23.31 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-03-10 | 1 | $0.00 | 200 | $22.70 |
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-03-10 | 1 | $0.00 | 1,233 | $22.03 |
| Common Stock | Equity Swap (Obligation to Buy) | Acquisiton | 2023-03-13 | 1 | $0.00 | 6,440 | $21.07 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-03-14 | 1 | $0.00 | 2,979 | $21.50 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-03-27 | 1 | $0.00 | 3,923 | $20.94 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-03-28 | 1 | $0.00 | 5,209 | $20.90 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-03 | 1 | $0.00 | 4,555 | $20.74 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-04 | 1 | $0.00 | 243 | $20.55 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-11 | 1 | $0.00 | 2,797 | $20.60 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-13 | 1 | $0.00 | 722 | $20.58 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-14 | 1 | $0.00 | 2,363 | $20.60 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-17 | 1 | $0.00 | 2,567 | $20.62 |
| Common Stock | Equity Swap (Obligation to Sell) | Acquisiton | 2023-04-18 | 1 | $0.00 | 984 | $20.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct | ||
| 1 | Yes | 4 | J | Direct |
Footnotes
- 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.
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