4//SEC Filing
OI3, LLC 4
Accession 0001716951-20-000078
CIK 0001716951other
Filed
Oct 19, 8:00 PM ET
Accepted
Oct 20, 5:19 PM ET
Size
10.9 KB
Accession
0001716951-20-000078
Insider Transaction Report
Form 4
OI3 2019 Trust
10% Owner
Transactions
- Other
Common Stock
2020-10-16+16,388→ 370,556 total - Other
Common Stock
2020-10-16+5,462→ 123,517 total(indirect: -)
OI3, LLC
10% Owner
Transactions
- Other
Common Stock
2020-10-16+16,388→ 370,556 total - Other
Common Stock
2020-10-16+5,462→ 123,517 total(indirect: -)
RESSLER RICHARD S
10% Owner
Transactions
- Other
Common Stock
2020-10-16+16,388→ 370,556 total - Other
Common Stock
2020-10-16+5,462→ 123,517 total(indirect: -)
Footnotes (3)
- [F1]On May 26, 2020, the Issuer's board of directors declared a $0.52 per share quarterly distribution (the "Dividend") for the quarter ending October 31, 2020, payable to holders of record of common stock on September 15, 2020 (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 10% of the total Dividend, excluding any cash paid for fractional shares. The remainder of the Dividend (approximately 90%) will be paid in the form of shares of the Issuer's common stock. In connection with the Dividend, OI3, LLC and Orchard First Source Asset Management, LLC ("OFSAM") (together with its subsidiary) will receive 16,388 and 5,462 shares of common stock, respectively, as of October 30, 2020.
- [F2]These securities are held, or to be acquired pursuant to the Dividend, by OI3, LLC, and may be deemed to be indirectly owned by The OI3 2019 Trust, as the sole owner of the limited liability company interests in OI3, LLC, and indirectly owned by Richard S. Ressler, as investment trustee of The OI3 2019 Trust. Each of the foregoing persons disclaims beneficial ownership of all securities reported on this form, except to the extent of his or its, as applicable, pecuniary interest therein.
- [F3]These securities are held, or to be acquired pursuant to the Dividend, by OFSAM and its subsidiary and may be deemed to be indirectly owned by OI3, LLC through its interests in OFSAM, indirectly owned by The OI3 2019 Trust, as the sole owner of the limited liability company interests in OI3, LLC, and indirectly owned by Richard S. Ressler, as investment trustee of The OI3 2019 Trust. Each of the foregoing persons disclaims beneficial ownership of all securities reported on this form, except to the extent of his or its, as applicable, pecuniary interest therein.
Documents
Issuer
OFS Credit Company, Inc.
CIK 0001716951
Entity typeother
Related Parties
1- filerCIK 0001798529
Filing Metadata
- Form type
- 4
- Filed
- Oct 19, 8:00 PM ET
- Accepted
- Oct 20, 5:19 PM ET
- Size
- 10.9 KB