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OCCIP OFS Credit Company Inc

25.03
0.00 (0.00%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
OFS Credit Company Inc NASDAQ:OCCIP NASDAQ Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 25.03 17.50 26.70 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

28/08/2019 8:00pm

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Cerny Jeffrey A
2. Issuer Name and Ticker or Trading Symbol

OFS Credit Company, Inc. [ OCCI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Director and CFO
(Last)          (First)          (Middle)

C/O OFS CREDIT COMPANY, INC., 10 S. WACKER DRIVE, SUITE 2500
3. Date of Earliest Transaction (MM/DD/YYYY)

8/27/2019
(Street)

CHICAGO, IL 60606
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  8/27/2019    X    3750  A $16.50  11250  D   
Common Stock  8/27/2019    X    35000  A $16.50  105000  I  Owned by Orchard First Source Asset Management, LLC (1)
Common Stock  8/27/2019    X    2500  A $16.50  7500  I  Owned by OFS Funding I, LLC (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Subscription Rights (right to buy) (3) $16.5  8/27/2019    X        7500   8/5/2019  8/27/2019  Common Stock  3750.0  $0  0  D   
Subscription Rights (right to buy) (3) $16.5  8/27/2019    X        70000   8/5/2019  8/27/2019  Common Stock  35000.0  $0  0  I  Owned by OFSAM (1)
Subscription Rights (right to buy) (3) $16.5  8/27/2019    X        5000   8/5/2019  8/27/2019  Common Stock  2500.0  $0  0  I  Owned by OFS Funding I, LLC (2)

Explanation of Responses:
(1)  These securities are held by Orchard First Source Asset Management, LLC ("OFSAM"). Mr. Cerny has an ownership interest in OFSAM. As a result, Mr. Cerny may be deemed to beneficially own the securities held by OFSAM.
(2)  These securities are held by OFS Funding I, LLC. OFS Funding I, LLC is owned by OFSAM. Mr. Cerny has an ownership interest in OFSAM. As a result, Mr. Cerny may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of his ownership interest in OFSAM and, indirectly, OFS Funding I, LLC.
(3)  Subscription Rights entitled the holders thereof to purchase one new share of Common Stock for every two rights held.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Cerny Jeffrey A
C/O OFS CREDIT COMPANY, INC.
10 S. WACKER DRIVE, SUITE 2500
CHICAGO, IL 60606
X
Director and CFO

Signatures
/s/ Jeffrey A. Cerny 8/28/2019
**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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1 Year OFS Credit Chart

1 Year OFS Credit Chart

1 Month OFS Credit Chart

1 Month OFS Credit Chart