Melanie Dow - Dec 31, 2022 Form 5 Insider Report for First Eagle Credit Opportunities Fund (FECOF)

Role: Executive Officer of Adviser
Signature: /s/Sabrina Rusnak-Carlson as Attorney-in-Fact
Stock symbol: FECOF
Transactions as of: Dec 31, 2022
Transactions value $: $23,071
Form type: 5
Date filed: 1/26/2023, 12:24 PM
Previous filing: Dec 27, 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	Ownership	Footnotes
transaction	FECOF	Phantom Stock	Award	$126	+4.82		$26.16^*	4.82	Mar 31, 2021	Common Shares	4.82	Direct	F1
transaction	FECOF	Phantom Stock	Award	$20.8K	+795	+16496%	$26.16^*	800	Apr 1, 2021	Common Shares	795	Direct	F1
transaction	FECOF	Phantom Stock	Award	$115	+4.38	+0.55%	$26.27^*	804	May 3, 2021	Common Shares	4.38	Direct	F1
transaction	FECOF	Phantom Stock	Award	$179	+6.81	+0.85%	$26.22^*	811	May 28, 2021	Common Shares	6.81	Direct	F1
transaction	FECOF	Phantom Stock	Award	$193	+7.33	+0.9%	$26.31^*	818	Jun 30, 2021	Common Shares	7.33	Direct	F1
transaction	FECOF	Phantom Stock	Award	$175	+6.65	+0.81%	$26.28^*	825	Jul 30, 2021	Common Shares	6.65	Direct	F1
transaction	FECOF	Phantom Stock	Award	$132	+5.02	+0.61%	$26.28^*	830	Aug 31, 2021	Common Shares	5.02	Direct	F1
transaction	FECOF	Phantom Stock	Award	$129	+4.87	+0.59%	$26.40^*	835	Sep 30, 2021	Common Shares	4.87	Direct	F1
transaction	FECOF	Phantom Stock	Award	$134	+5.06	+0.61%	$26.43^*	840	Oct 29, 2021	Common Shares	5.06	Direct	F1
transaction	FECOF	Phantom Stock	Award	$129	+4.9	+0.58%	$26.36^*	845	Nov 30, 2021	Common Shares	4.9	Direct	F1
transaction	FECOF	Phantom Stock	Award	$67.60	+2.57	+0.3%	$26.26^*	848	Dec 1, 2021	Common Shares	2.57	Direct	F1
transaction	FECOF	Phantom Stock	Award	$119	+4.54	+0.54%	$26.14^*	852	Dec 29, 2021	Common Shares	4.54	Direct	F1
transaction	FECOF	Phantom Stock	Award	$135	+5.16	+0.61%	$26.16^*	857	Dec 31, 2021	Common Shares	5.16	Direct	F1
transaction	FECOF	Phantom Stock	Award	$136	+5.22	+0.61%	$26.13^*	862	Jan 31, 2022	Common Shares	5.22	Direct	F1
transaction	FECOF	Phantom Stock	Award	$120	+4.63	+0.54%	$25.96^*	867	Feb 28, 2022	Common Shares	4.63	Direct	F1
transaction	FECOF	Phantom Stock	Award	$130	+5.04	+0.58%	$25.84^*	872	Mar 31, 2022	Common Shares	5.04	Direct	F1
transaction	FECOF	Phantom Stock	Award	$124	+4.83	+0.55%	$25.66^*	877	Apr 29, 2022	Common Shares	4.83	Direct	F1
transaction	FECOF	Phantom Stock	Award	$128	+5.15	+0.59%	$24.91^*	882	May 31, 2022	Common Shares	5.15	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.

Remarks:

This Form 5 is being filed to correctly report the separate acquisitions of phantom stock by the Reporting Person under the Program, which had previously been reported as a single acquisition by the Reporting Person on April 1, 2021, in the Form 4 filed by the Reporting Person on June 22, 2022.