STERN GARY 4
4 · ASTA FUNDING INC · Filed Oct 1, 2020
Insider Transaction Report
Form 4
ASTA FUNDING INCASFI
STERN GARY
DirectorPresident and CEO
Transactions
- Other
Common Stock, par value $.01 per share
2020-09-29−409,049→ 0 total - Other
Common Stock, par value $.01 per share
2020-09-29−318,590→ 0 total(indirect: See Footnote) - Other
Stock Option (right to buy)
2020-09-29−60,000→ 0 totalExercise: $7.63Exp: 2020-12-15→ Common Stock (60,000 underlying) - Other
Common Stock, par value $.01 per share
2020-09-29−285,607→ 0 total(indirect: See Footnote) - Other
Common Stock, par value $.01 per share
2020-09-29−243,278→ 0 total(indirect: See Footnote) - Other
Stock Option (right to buy)
2020-09-29−100,000→ 0 totalExercise: $7.77Exp: 2021-12-13→ Common Stock (100,000 underlying) - Other
Stock Option (right to buy)
2020-09-29−50,000→ 0 totalExercise: $8.49Exp: 2023-12-12→ Common Stock (50,000 underlying)
Footnotes (7)
- [F1]The reporting person, Ricky Stern, Emily Stern, Arthur Stern, GMS Family Investors LLC ("GMS"), Asta Group, Incorporated ("Asta Group"), the Ricky Stern Family 2012 Trust ("RSFT"), the Ricky Stern 2012 GST Trust ("RSGST"), the Emily Stern Family 2012 Trust ("ESFT"), the Emily Stern 2012 GST Trust ("ESGST", and together with the reporting person, Ricky Stern, Emily Stern, Arthur Stern, GMS, Asta Group, RSFT, RSGST, and ESFT, the "Stern Group"), and Asta Finance Acquisition Inc. ("Parent"), are parties to that Rollover Financing Commitment Letter, dated April 8, 2020 (the "Commitment Letter").
- [F2]Pursuant to the Commitment Letter, the Stern Group contributed these shares to Parent (the "Rollover") in exchange for a number of shares of Parent's common stock calculated in accordance with the Commitment Letter, and effective as of the effective time of the merger contemplated by the Agreement and Plan of Merger, dated April 8, 2020, as amended (the "Merger Agreement"), among Asta Funding, Inc., Parent, and Asta Funding Acquisition Sub Inc.
- [F3]Consists of shares of common stock owned by Asta Group, Incorporated, which shares are attributable to the reporting person based on his percentage ownership of Asta Group, Incorporated.
- [F4]Consists of shares held in the RSGST for which the reporting person is co-trustee with Ricky Stern.
- [F5]Consists of shares held in the ESGST for which the reporting person is co-trustee with Ricky Stern.
- [F6]Options were fully exercisable as of September 29, 2020.
- [F7]Each option was terminated in accordance with the terms of the Merger Agreement.