4//SEC Filing
Rashid Bilal 4
Accession 0001716951-22-000065
CIK 0001716951other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 8:32 AM ET
Size
9.0 KB
Accession
0001716951-22-000065
Insider Transaction Report
Form 4
Rashid Bilal
DirectorPresident, Director and CEO
Transactions
- Other
Common Stock
2022-10-14+452→ 10,543 total(indirect: By LLC) - Other
Common Stock
2022-10-14+1,094→ 17,597 total - Other
Common Stock
2022-10-14+6,333→ 147,672 total(indirect: By LLC)
Footnotes (3)
- [F1]On September 1, 2022, the Issuer's board of directors declared a $0.55 per share quarterly distribution (the "Dividend") for the quarter ending October 31, 2022, payable to holders of record of common stock on September 13, 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. Rashid, Orchard First Source Asset Management, LLC ("OFSAM") and OFS Funding I, LLC will receive 1,094, 6,333 and 452 shares of common stock, respectively, as of October 31, 2022.
- [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.
Documents
Issuer
OFS Credit Company, Inc.
CIK 0001716951
Entity typeother
Related Parties
1- filerCIK 0001521654
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 8:32 AM ET
- Size
- 9.0 KB