| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NA | Common Stock | Other | -8K | -100% | 0 | Feb 22, 2024 | Direct | F1, F2, F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NA | Phantom Shares | Other | -219 | -100% | 0 | Feb 22, 2024 | Common Stock | 219 | Direct | F1, F5, F6, F7 |
| Id | Content |
|---|---|
| F1 | The transactions reported on this Form 4 were completed in connection with the liquidation of the issuer pursuant to a Plan of Liquidation adopted on November 15, 2023. |
| F2 | In accordance with the Plan of Liquidation for the issuer, on or about February 29, 2024, the issuer will distribute to common shareholders including the Reporting Person $64.7999 per share in a final cash liquidating distribution. In addition, for every common share of the issuer held, common shareholders including the Reporting Person will receive one equity interest in a liquidating trust with a fair value of $0.8121 per share of the issuer's common shares. The issuer's final cash liquidating distribution plus the equity interests in the liquidating trust represent substantially all of the issuer's net assets at the time of liquidation. |
| F3 | In connection with the liquidation of the issuer detailed above, the Reporting Person will receive $64.7999 per common share of the issuer held by the Reporting Person on February 22, 2024. In addition, for every common share of the issuer held by the Reporting Person, the Reporting Person will receive one equity interest in a liquidating trust with a fair value of $0.8121 per share of the issuer's common shares. |
| F4 | As a result of the liquidation of the issuer detailed above, the Reporting Person no longer owns shares of the issuer. |
| F5 | A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash. |
| F6 | Phantom shares vest in equal installments on each of the first three anniversaries of the award. As previously reported on a Form 4 dated February 2, 2022, the Reporting Person was granted 549.364 phantom shares of the issuer on January 31, 2022 payable in cash on vesting. As of February 22, 2024, the Reporting Person held 218.5326 phantom shares of the issuer, which were comprised of 218.5326 phantom shares granted on January 31, 2022 (with one annual vesting installment remaining), as reported on the Form 4 dated February 2, 2022. The annual vesting schedule applicable to the Reporting Person's phantom shares of the issuer was preserved with respect to the phantom shares of BSF Emerging Markets Flexi Dynamic Bond Fund that the Reporting Person received in the connection with the liquidation of the issuer (as detailed below). |
| F7 | In connection with the liquidation of the issuer detailed above, the Reporting Person received phantom shares of BSF Emerging Markets Flexi Dynamic Bond Fund having a value equal to the aggregate net asset value ("NAV") of the phantom shares of the issuer the Reporting Person held on February 22, 2024, calculated using a conversion ratio equal to the NAV per share of the issuer relative to the NAV per Class X2 (USD) share of BSF Emerging Markets Flexi Dynamic Bond Fund as of February 22, 2024. As of February 22, 2024, the issuer reported a NAV per share of $65.61 and BSF Emerging Markets Flexi Dynamic Bond Fund reported a NAV per Class X2 (USD) share of $141.14. The conversion ratio for the issuer's phantom shares was 0.46. In connection with the liquidation of the issuer, the Reporting Person received 101.587 phantom shares of BSF Emerging Markets Flexi Dynamic Bond Fund in exchange for the Reporting Person's 218.5326 phantom shares of the issuer. |