Bilal Rashid - Jul 16, 2021 Form 4 Insider Report for OFS Credit Company, Inc. (OCCI)

Role
President, Director and CEO, Director
Signature
/s/ Bilal Rashid
Stock symbol
OCCI
Transactions as of
Jul 16, 2021
Transactions value $
$0
Form type
4
Date filed
7/20/2021, 05:43 PM
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCCI Common Stock Other $0 +506 +3.82% $0.00 13.8K Jul 16, 2021 Direct F1
transaction OCCI Common Stock Other $0 +3.26K +2.69% $0.00 125K Jul 16, 2021 Owned by Orchard First Source Asset Management, LLC F1, F2
transaction OCCI Common Stock Other $0 +232 +2.68% $0.00 8.9K Jul 16, 2021 Owned by OFS Funding I, LLC F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 26, 2021, the Issuer's board of directors declared a $0.54 per share quarterly distribution (the "Dividend") for the quarter ending July 31, 2021, payable to holders of record of common stock on June 14, 2021 (each, a "Stockholder"). The Dividend will be paid in cash or shares of the Issuer's common stock at the election of each Stockholder. The total amount of cash distributed to all Stockholders will be limited to 20% of the total Dividend, excluding any cash paid for fractional shares. The remainder of the Dividend (approximately 80%) will be paid in the form of shares of the Issuer's common stock. In connection with the Dividend, Mr. Rashid, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 506, 3,261 and 232 shares of common stock, respectively, as of July 30, 2021.
F2 These securities are held by OFSAM. Mr. Rashid has an ownership interest in OFSAM. As a result, Mr. Rashid may be deemed to beneficially own the securities held by OFSAM.
F3 These securities are held by OFS Funding I, LLC, which is owned by OFSAM. Mr. Rashid has an ownership interest in OFSAM. As a result, Mr. Rashid may be deemed to beneficially own the securities held by OFS Funding I, LLC by virtue of his ownership interest in OFSAM and, indirectly, OFS Funding I, LLC.