Jeffrey A. Cerny - Apr 15, 2022 Form 4 Insider Report for OFS Credit Company, Inc. (OCCI)

Role
Director and CFO, Director
Signature
/s/ Jeffrey A. Cerny
Stock symbol
OCCI
Transactions as of
Apr 15, 2022
Transactions value $
$0
Form type
4
Date filed
4/18/2022, 04:12 PM
Previous filing
Jan 20, 2022
Next filing
Jul 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCCI Common Stock Other $0 +679 +4.48% $0.00 15.9K Apr 15, 2022 Direct F1
transaction OCCI Common Stock Other $0 +4.07K +3.09% $0.00 136K Apr 15, 2022 Owned by Orchard First Source Asset Management, LLC F1, F2
transaction OCCI Common Stock Other $0 +290 +3.08% $0.00 9.69K Apr 15, 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 March 1, 2022, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending April 30, 2022, payable to holders of record of common stock on March 15, 2022 (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 679, 4,070 and 290 shares of common stock, respectively, as of April 29, 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.