Richard A. Sebastiao - Jun 9, 2021 Form 4 Insider Report for Harvest Capital Credit Corp (HCAP)

Role: Director
Signature: /s/ William E. Alvarez, Jr. on behalf of Richard A. Sebastiao
Stock symbol: HCAP
Transactions as of: Jun 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/9/2021, 04:59 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HCAP	Common Stock	Disposed to Issuer		-14.6K	-100%		0	Jun 9, 2021	Direct	F1, F2

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

Richard A. Sebastiao is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On June 9, 2021, pursuant to an Agreement and Plan of Merger dated as of December 23, 2020 (the "Merger Agreement"), Harvest Capital Credit Corporation ("HCAP") and Portman Ridge Finance Corporation ("PTMN") effected a merger pursuant to which PTMN acquired all of the outstanding shares of HCAP's common stock in a multi-step stock and cash transaction (the "Merger"). Pursuant to the Merger Agreement, upon completion of the Merger, each issued and outstanding share of HCAP common stock was converted into the right to receive a pro rata portion, subject to HCAP stockholder elections and the adjustment mechanisms set forth in the Merger Agreement with respect to the PTMN Consideration (as defined below), of (1) approximately $18.5 million in cash payable by PTMN, (2) 15,252,453 validly issued, fully paid and non-assessable shares of PTMN's common stock, par value $0.01 per share (the "PTMN Stock Consideration" and,
F2	continued from footnote (1): together with the PTMN Cash Consideration, the "PTMN Consideration") and (3) $2.15 million in cash payable by Sierra Crest Investment Management LLC.

Content

On June 9, 2021, pursuant to an Agreement and Plan of Merger dated as of December 23, 2020 (the "Merger Agreement"), Harvest Capital Credit Corporation ("HCAP") and Portman Ridge Finance Corporation ("PTMN") effected a merger pursuant to which PTMN acquired all of the outstanding shares of HCAP's common stock in a multi-step stock and cash transaction (the "Merger"). Pursuant to the Merger Agreement, upon completion of the Merger, each issued and outstanding share of HCAP common stock was converted into the right to receive a pro rata portion, subject to HCAP stockholder elections and the adjustment mechanisms set forth in the Merger Agreement with respect to the PTMN Consideration (as defined below), of (1) approximately $18.5 million in cash payable by PTMN, (2) 15,252,453 validly issued, fully paid and non-assessable shares of PTMN's common stock, par value $0.01 per share (the "PTMN Stock Consideration" and,

continued from footnote (1): together with the PTMN Cash Consideration, the "PTMN Consideration") and (3) $2.15 million in cash payable by Sierra Crest Investment Management LLC.