Statement of Changes in Beneficial Ownership (4)
August 28 2019 - 2:01PM
Edgar (US Regulatory)
FORM 4
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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).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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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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1. Name and Address of Reporting Person
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Orchard First Source Asset Management, LLC |
2. Issuer Name and Ticker or Trading Symbol
OFS Credit Company, Inc.
[
OCCI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Parent of Investment Adviser
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(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
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(Street)
CHICAGO, IL 60606
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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8/27/2019
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X
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35000
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A
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$16.50
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105000
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D
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Common Stock
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8/27/2019
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X
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2500
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A
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$16.50
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7500
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I
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Owned by OFS Funding I, LLC (1)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code (Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
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8. Price of Derivative Security (Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Subscription Rights (right to buy) (2)
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$16.5
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8/27/2019
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X
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70000
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8/5/2019
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8/27/2019
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Common Stock
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35000.0
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$0
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0
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D
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Subscription Rights (right to buy) (2)
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$16.5
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8/27/2019
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X
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5000
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8/5/2019
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8/27/2019
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Common Stock
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2500.0
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$0
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0
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I
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Owned by OFS Funding I, LLC (1)
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Explanation of Responses:
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(1)
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These securities are held by OFS Funding I, LLC. OFS Funding I, LLC is owned by Orchard First Source Asset Management, LLC ("OFSAM"). As a result, OFSAM may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of its ownership interest in OFS Funding I, LLC. OFS Capital Management, LLC, investment adviser to OFS Credit Company, Inc., is wholly-owned by OFSAM.
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(2)
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Subscription Rights entitled the holders thereof to purchase one new share of Common Stock for every two rights held.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Orchard First Source Asset Management, LLC C/O OFS CREDIT COMPANY, INC. 10 S. WACKER DRIVE, SUITE 2500 CHICAGO, IL 60606
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Parent of Investment Adviser
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Signatures
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/s/ Bilal Rashid, President, Orchard First Source Asset Management, LLC
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8/28/2019
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**Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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**
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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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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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.
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