Repertoire Master Fund LP - 30 Nov 2022 Form 4 Insider Report for Portman Ridge Finance Corp (PTMN)

Role
10%+ Owner
Signature
/s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP
Issuer symbol
PTMN
Transactions as of
30 Nov 2022
Net transactions value
+$817,967
Form type
4
Filing time
02 May 2023, 18:46:39 UTC
Previous filing
02 May 2023
Next filing
02 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTMN Common Stock Purchase $22,544 +1,009 +0.09% $22.34 1,103,911 30 Nov 2022 Direct
transaction PTMN Common Stock Purchase $152,244 +6,814 +0.62% $22.34 1,110,725 30 Nov 2022 Direct
transaction PTMN Common Stock Purchase $42,831 +1,917 +0.17% $22.34 1,112,642 30 Nov 2022 Direct
transaction PTMN Common Stock Purchase $34,317 +1,554 +0.14% $22.08 1,114,196 30 Nov 2022 Direct
transaction PTMN Common Stock Purchase $231,741 +10,494 +0.94% $22.08 1,124,690 30 Nov 2022 Direct
transaction PTMN Common Stock Purchase $65,190 +2,952 +0.26% $22.08 1,127,642 30 Nov 2022 Direct
transaction PTMN Common Stock Sale $3,338 -149 -0.01% $22.40 1,127,493 01 Dec 2022 Direct
transaction PTMN Common Stock Sale $21,952 -980 -0.09% $22.40 1,126,513 01 Dec 2022 Direct
transaction PTMN Common Stock Sale $6,362 -284 -0.03% $22.40 1,126,229 01 Dec 2022 Direct
transaction PTMN Common Stock Sale $27,613 -1,248 -0.11% $22.13 1,124,981 05 Dec 2022 Direct
transaction PTMN Common Stock Sale $98,804 -4,468 -0.4% $22.11 1,120,513 06 Dec 2022 Direct
transaction PTMN Common Stock Sale $218,013 -9,798 -0.87% $22.25 1,110,715 07 Dec 2022 Direct
transaction PTMN Common Stock Purchase $48,510 +2,220 +0.2% $21.85 1,112,935 08 Dec 2022 Direct
transaction PTMN Common Stock Purchase $91,943 +4,200 +0.38% $21.89 1,117,135 09 Dec 2022 Direct
transaction PTMN Common Stock Purchase $1,512 +69 +0.01% $21.92 1,117,204 09 Dec 2022 Direct
transaction PTMN Common Stock Purchase $9,973 +455 +0.04% $21.92 1,117,659 09 Dec 2022 Direct
transaction PTMN Common Stock Purchase $2,937 +134 +0.01% $21.92 1,117,793 09 Dec 2022 Direct
transaction PTMN Common Stock Sale $6,615 -300 -0.03% $22.05 1,117,493 09 Dec 2022 Direct
transaction PTMN Common Stock Sale $4,174 -186 -0.02% $22.44 1,117,307 12 Dec 2022 Direct
transaction PTMN Common Stock Sale $49,155 -2,220 -0.2% $22.14 1,115,087 12 Dec 2022 Direct
transaction PTMN Common Stock Sale $9,363 -419 -0.04% $22.34 1,114,668 13 Dec 2022 Direct
transaction PTMN Common Stock Sale $57,939 -2,602 -0.23% $22.27 1,112,066 14 Dec 2022 Direct
transaction PTMN Common Stock Sale $4,420 -200 -0.02% $22.10 1,111,866 16 Dec 2022 Direct
transaction PTMN Common Stock Purchase $27,862 +1,281 +0.12% $21.75 1,113,147 19 Dec 2022 Direct
transaction PTMN Common Stock Purchase $2,175 +100 +0.01% $21.75 1,113,247 20 Dec 2022 Direct
transaction PTMN Common Stock Purchase $334,737 +15,309 +1.4% $21.87 1,128,556 21 Dec 2022 Direct
transaction PTMN Common Stock Purchase $219,846 +10,000 +0.89% $21.98 1,138,556 22 Dec 2022 Direct
transaction PTMN Common Stock Purchase $3,823 +174 +0.02% $21.97 1,138,730 23 Dec 2022 Direct
transaction PTMN Common Stock Purchase $25,157 +1,145 +0.1% $21.97 1,139,875 23 Dec 2022 Direct
transaction PTMN Common Stock Purchase $8,371 +381 +0.03% $21.97 1,140,256 23 Dec 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTMN Equity Swap (Obligation to Buy) Other +1 1 30 Nov 2022 Common Stock 106 $22.49 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (1) 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 (2) the counterparty will be obligated to pay to the reporting person the market value of the notional number of shares of PTMN common stock set forth in Column 7 as of the end of that period. The reporting person 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.

Remarks:

The transactions in the Issuer's common stock reported herein and in additional Form 4's being filed by the reporting person on this date were matchable under Section 16(b) of the Securities Exchange Act of 1934. Repertoire Master Fund LP has agreed to pay to the Issuer the aggregate profit in the amount of $302,114.78 realized in connection with these transactions.