Repertoire Master Fund LP - 12 Jan 2023 Form 4/A - Amendment 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: 12 Jan 2023
Net transactions value: +$3,574
Form type: 4/A - Amendment
Filing time: 10 Oct 2023, 13:46:14 UTC
Date Of Original Report: 02 May 2023
Previous filing: 02 May 2023
Next filing: 29 Sep 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	Exercise of in-the-money or at-the-money derivative security	$21,724	+882	+0.08%	$24.63	1,163,226	21 Apr 2023	Direct	F1
transaction	PTMN	Common Stock	Other	$18,150	-882	-0.08%	$20.58	1,162,344	21 Apr 2023	Direct	F1

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)	Exercise of in-the-money or at-the-money derivative security		-882	-1.3%		64,651	21 Apr 2023	Common Stock	882	$24.63	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This amendment is being filed to report this transaction, which was inadvertently omitted from the original Form 4 filed on 5/2/2023. On 4/21/2023, upon partial settlement of an equity swap agreement entered into by the reporting person and a securities broker on 11/30/2021, the reporting person paid to the broker $24.6301 per share for each of 882 shares subject to the settlement, offset by $20.5784 per share (the market price of the shares on 4/21/2023) for each of the 882 shares subject to the settlement. After the partial settlement, 64,651 notional shares of PTMN common stock remained subject to the equity swap agreement. The partial settlement of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder.

Content

This amendment is being filed to report this transaction, which was inadvertently omitted from the original Form 4 filed on 5/2/2023. On 4/21/2023, upon partial settlement of an equity swap agreement entered into by the reporting person and a securities broker on 11/30/2021, the reporting person paid to the broker $24.6301 per share for each of 882 shares subject to the settlement, offset by $20.5784 per share (the market price of the shares on 4/21/2023) for each of the 882 shares subject to the settlement. After the partial settlement, 64,651 notional shares of PTMN common stock remained subject to the equity swap agreement. The partial settlement of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-6(b) thereunder.