Eagle Point Credit Management LLC - Jun 15, 2021 Form 4 Insider Report for Oxford Lane Capital Corp. (OXLC)

Role
10%+ Owner
Signature
/s/ Kenneth P. Onorio, Chief Financial Officer of Eagle Point Credit Management LLC
Stock symbol
OXLC
Transactions as of
Jun 15, 2021
Transactions value $
-$1,859,557,627,509
Form type
4
Date filed
6/17/2021, 08:38 PM
Next filing
Jun 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OXLC 6.75% Notes due 2031, $25.00 denominations (OXLCL) Sale -$1.59T -1.25M $1,273,649.00* $21.4M Jun 15, 2021 See foonotes F1, F2, F11, F12, F15
transaction OXLC 6.75% Notes due 2031, $25.00 denominations (OXLCL) Sale -$190B -433K $439,814.00* $21M Jun 16, 2021 See foonotes F1, F3, F11, F12, F15
transaction OXLC 6.75% Notes due 2031, $25.00 denominations (OXLCL) Sale -$75.9B -273K $277,578.00* $20.7M Jun 17, 2021 See foonotes F1, F4, F11, F12, F15
transaction OXLC 6.75% Series 2024 Term Preferred Stock (OXLCM) Sale -$114K -4.52K -1.23% $25.21 362K Jun 15, 2021 See foonotes F1, F5, F14, F15
transaction OXLC 6.75% Series 2024 Term Preferred Stock (OXLCM) Sale -$186K -7.39K -2.04% $25.12 355K Jun 16, 2021 See foonotes F1, F6, F14, F15
transaction OXLC 6.75% Series 2024 Term Preferred Stock (OXLCM) Sale -$551K -22K -6.2% $25.04 333K Jun 17, 2021 See foonotes F1, F7, F14, F15
transaction OXLC 6.25% Series 2027 Term Preferred Stock (OXLCP) Sale -$70.3K -2.8K -0.44% $25.11 630K Jun 15, 2021 See foonotes F1, F8, F14, F15
transaction OXLC 6.25% Series 2027 Term Preferred Stock (OXLCP) Sale -$336K -13.4K -2.13% $25.00 617K Jun 16, 2021 See foonotes F1, F9, F14, F15
transaction OXLC 6.25% Series 2027 Term Preferred Stock (OXLCP) Sale -$344K -13.8K -2.24% $24.95 603K Jun 17, 2021 See foonotes F1, F10, F14, F15
holding OXLC 6.75% Series 2024 Term Preferred Stock (OXLCM) 9.45K Jun 15, 2021 Direct F13
holding OXLC 6.25% Series 2027 Term Preferred Stock (OXLCP) 11K Jun 15, 2021 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount reported reflects the aggregate principal amount (based on face value), with respect to the notes, and the aggregate number of shares, with respect to the preferred stock.
F2 The price reported reflects the aggregate sales price of the notes. These securities were sold in multiple transactions at prices ranging from $25.44 to $25.47 per note, inclusive, at a weighted average price of $25.45 per note. Upon request by the staff of the Securities and Exchange Commission, the Issuer or any security holder of the Issuer, the reporting person undertakes to provide full information regarding the number of notes/shares sold at each separate price within the ranges set forth in this footnote and each of the other applicable footnotes contained in this Form 4.
F3 The price reported reflects the aggregate sales price. These securities were sold in multiple transactions at prices ranging from $25.40 to $25.50 per note, inclusive, at a weighted average price of $25.42 per note.
F4 The price reported reflects the aggregate sales price. These securities were sold in multiple transactions at prices ranging from $25.37 to $25.42 per note, inclusive, at a weighted average price of $25.39 per note.
F5 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $25.20 to $25.30 per share, inclusive.
F6 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $25.08 to $25.18 per share, inclusive.
F7 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $24.99 to $25.10 per share, inclusive.
F8 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $25.10 to $25.15 per share, inclusive.
F9 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $24.95 to $25.21 per share, inclusive.
F10 The price reported reflects the weighted average sales price per share. These securities were sold in multiple transactions at prices ranging from $24.94 to $25.00 per share, inclusive.
F11 The securities are directly owned by certain private investment funds (the "Funds") and certain separately-managed client accounts (the "Accounts"). Eagle Point Credit GP I LP and Eagle Point DIF GP I LLC (together, the "General Partners") serve as general partner to one or more of the Funds. Accordingly, the General Partners could be deemed to have an indirect pecuniary interest in the securities held by the Fund(s) for which they serve as general partner. Eagle Point Credit Management LLC ("EPCM") serves as investment manager to the Accounts and, due to the nature of the advisory relationship, could be deemed to have an indirect pecuniary interest in the securities held by each of the Accounts.
F12 Eagle Point Holdings LP ("EP Holdings") is the parent company of each of the General Partners and EPCM. Thomas P. Majewski has certain economic rights with respect to EP Holdings (and EPCM) that could be deemed to give rise to an indirect pecuniary interest in the securities held by the Funds and the Accounts. Among the Reporting Persons, each of Eagle Point Credit GP I LP and Mr. Majewski could be deemed to have an indirect pecuniary interest in the securities sold that are reported herein.
F13 Thomas P. Majewski directly owns the securities in his personal capacity. None of the other Reporting Persons has a pecuniary interest in these securities.
F14 The securities are directly owned by the Funds. Accordingly, for the reasons described above in footnotes 6 and 7, the General Partners, EPCM, and Mr. Majewski could be deemed to have an indirect pecuniary interest in the applicable securities.
F15 Each of the Reporting Persons hereby disclaims beneficial ownership of the securities described in this report pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934 (except, with respect to Mr. Majewski, to the extent of his direct pecuniary interest therein) and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of any of the reported securities for purposes of Section 16 or for any other purpose.