Jeffrey A. Cerny - 19 Jan 2022 Form 4 Insider Report for OFS Credit Company, Inc. (OCCI)

Role
Director and CFO, Director
Signature
/s/ Jeffrey A. Cerny
Issuer symbol
OCCI
Transactions as of
19 Jan 2022
Net transactions value
$0
Form type
4
Filing time
20 Jan 2022, 14:41:37 UTC
Previous filing
19 Oct 2021
Next filing
18 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCCI Common Stock Other $0 +601 +4.1% $0.000000 15,173 19 Jan 2022 Direct F1
transaction OCCI Common Stock Other $0 +3,587 +2.8% $0.000000 131,662 19 Jan 2022 Owned by Orchard First Source Asset Management, LLC F1, F2
transaction OCCI Common Stock Other $0 +256 +2.8% $0.000000 9,401 19 Jan 2022 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 December 1, 2021, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending January 31, 2022, payable to holders of record of common stock on December 13, 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. Cerny, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 601, 3,587 and 256 shares of common stock, respectively, as of January 31, 2022.
F2 These securities are held by OFSAM. Mr. Cerny has an ownership interest in OFSAM. As a result, Mr. Cerny 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. Cerny has an ownership interest in OFSAM. As a result, Mr. Cerny 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.