Mehdi Mahmud - Apr 1, 2021 Form 4 Insider Report for First Eagle Credit Opportunities Fund (FECOF)

Role: President, Trustee
Signature: /s/Mehdi Mahmud
Stock symbol: FECOF
Transactions as of: Apr 1, 2021
Transactions value $: $6,658
Form type: 4
Date filed: 6/22/2022, 04:18 PM
Next filing: May 21, 2021

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	FECOF	Phantom Stock	Award	$111K	+4.24K		$26.16^*	4.24K	Apr 1, 2021	Common Shares	4.24K		Direct	F1
transaction	FECOF	Phantom Stock	Disposed to Issuer	-$104K	-4.24K	-100%	$24.59^*	0	Jun 21, 2022	Common Shares	4.24K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each share of phantom stock represents the economic equivalent of one Common Share. The Reporting Person acquired these shares of phantom stock through the deferred compensation program of the Issuers investment adviser (the "Program"). Given certain operational considerations, this investment option is no longer an option under the Program, and such interest has been reallocated to other investment options in the Program not involving Common Shares.

Content

Each share of phantom stock represents the economic equivalent of one Common Share. The Reporting Person acquired these shares of phantom stock through the deferred compensation program of the Issuers investment adviser (the "Program"). Given certain operational considerations, this investment option is no longer an option under the Program, and such interest has been reallocated to other investment options in the Program not involving Common Shares.