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

Role: President, Trustee
Signature: /s/Sabrina Rusnak-Carlson as Attorney-in-Fact
Stock symbol: FECOF
Transactions as of: Dec 31, 2022
Transactions value $: $110,917
Form type: 5
Date filed: 1/26/2023, 12:29 PM
Previous filing: May 23, 2022
Next filing: Mar 13, 2023

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	$607	+23.2		$26.16^*	23.2	Mar 31, 2021	Common Shares	23.2	Direct	F1
transaction	FECOF	Phantom Stock	Award	$100K	+3.82K	+16483.96%	$26.16^*	3.85K	Apr 1, 2021	Common Shares	3.82K	Direct	F1
transaction	FECOF	Phantom Stock	Award	$553	+21.1	+0.55%	$26.27^*	3.87K	May 3, 2021	Common Shares	21.1	Direct	F1
transaction	FECOF	Phantom Stock	Award	$858	+32.7	+0.85%	$26.22^*	3.9K	May 28, 2021	Common Shares	32.7	Direct	F1
transaction	FECOF	Phantom Stock	Award	$927	+35.3	+0.9%	$26.31^*	3.93K	Jun 30, 2021	Common Shares	35.3	Direct	F1
transaction	FECOF	Phantom Stock	Award	$840	+32	+0.81%	$26.28^*	3.97K	Jul 30, 2021	Common Shares	32	Direct	F1
transaction	FECOF	Phantom Stock	Award	$634	+24.1	+0.61%	$26.28^*	3.99K	Aug 31, 2021	Common Shares	24.1	Direct	F1
transaction	FECOF	Phantom Stock	Award	$618	+23.4	+0.59%	$26.40^*	4.01K	Sep 30, 2021	Common Shares	23.4	Direct	F1
transaction	FECOF	Phantom Stock	Award	$642	+24.3	+0.61%	$26.43^*	4.04K	Oct 29, 2021	Common Shares	24.3	Direct	F1
transaction	FECOF	Phantom Stock	Award	$621	+23.5	+0.58%	$26.36^*	4.06K	Nov 30, 2021	Common Shares	23.5	Direct	F1
transaction	FECOF	Phantom Stock	Award	$325	+12.4	+0.3%	$26.26^*	4.07K	Dec 1, 2021	Common Shares	12.4	Direct	F1
transaction	FECOF	Phantom Stock	Award	$570	+21.8	+0.54%	$26.14^*	4.1K	Dec 29, 2021	Common Shares	21.8	Direct	F1
transaction	FECOF	Phantom Stock	Award	$649	+24.8	+0.61%	$26.16^*	4.12K	Dec 31, 2021	Common Shares	24.8	Direct	F1
transaction	FECOF	Phantom Stock	Award	$655	+25.1	+0.61%	$26.13^*	4.15K	Jan 31, 2022	Common Shares	25.1	Direct	F1
transaction	FECOF	Phantom Stock	Award	$578	+22.3	+0.54%	$25.96^*	4.17K	Feb 28, 2022	Common Shares	22.3	Direct	F1
transaction	FECOF	Phantom Stock	Award	$626	+24.2	+0.58%	$25.84^*	4.19K	Mar 31, 2022	Common Shares	24.2	Direct	F1
transaction	FECOF	Phantom Stock	Award	$596	+23.2	+0.55%	$25.66^*	4.22K	Apr 29, 2022	Common Shares	23.2	Direct	F1
transaction	FECOF	Phantom Stock	Award	$617	+24.8	+0.59%	$24.91^*	4.24K	May 31, 2022	Common Shares	24.8	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.