Repertoire Master Fund LP - Nov 30, 2022 Form 4 Insider Report for Portman Ridge Finance Corp (PTMN)

Role
10%+ Owner
Signature
/s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP
Stock symbol
PTMN
Transactions as of
Nov 30, 2022
Transactions value $
$817,967
Form type
4
Date filed
5/2/2023, 06:46 PM
Previous filing
May 2, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTMN Common Stock Purchase $22.5K +1.01K +0.09% $22.34 1.1M Nov 30, 2022 Direct
transaction PTMN Common Stock Purchase $152K +6.81K +0.62% $22.34 1.11M Nov 30, 2022 Direct
transaction PTMN Common Stock Purchase $42.8K +1.92K +0.17% $22.34 1.11M Nov 30, 2022 Direct
transaction PTMN Common Stock Purchase $34.3K +1.55K +0.14% $22.08 1.11M Nov 30, 2022 Direct
transaction PTMN Common Stock Purchase $232K +10.5K +0.94% $22.08 1.12M Nov 30, 2022 Direct
transaction PTMN Common Stock Purchase $65.2K +2.95K +0.26% $22.08 1.13M Nov 30, 2022 Direct
transaction PTMN Common Stock Sale -$3.34K -149 -0.01% $22.40 1.13M Dec 1, 2022 Direct
transaction PTMN Common Stock Sale -$22K -980 -0.09% $22.40 1.13M Dec 1, 2022 Direct
transaction PTMN Common Stock Sale -$6.36K -284 -0.03% $22.40 1.13M Dec 1, 2022 Direct
transaction PTMN Common Stock Sale -$27.6K -1.25K -0.11% $22.13 1.12M Dec 5, 2022 Direct
transaction PTMN Common Stock Sale -$98.8K -4.47K -0.4% $22.11 1.12M Dec 6, 2022 Direct
transaction PTMN Common Stock Sale -$218K -9.8K -0.87% $22.25 1.11M Dec 7, 2022 Direct
transaction PTMN Common Stock Purchase $48.5K +2.22K +0.2% $21.85 1.11M Dec 8, 2022 Direct
transaction PTMN Common Stock Purchase $91.9K +4.2K +0.38% $21.89 1.12M Dec 9, 2022 Direct
transaction PTMN Common Stock Purchase $1.51K +69 +0.01% $21.92 1.12M Dec 9, 2022 Direct
transaction PTMN Common Stock Purchase $9.97K +455 +0.04% $21.92 1.12M Dec 9, 2022 Direct
transaction PTMN Common Stock Purchase $2.94K +134 +0.01% $21.92 1.12M Dec 9, 2022 Direct
transaction PTMN Common Stock Sale -$6.62K -300 -0.03% $22.05 1.12M Dec 9, 2022 Direct
transaction PTMN Common Stock Sale -$4.17K -186 -0.02% $22.44 1.12M Dec 12, 2022 Direct
transaction PTMN Common Stock Sale -$49.2K -2.22K -0.2% $22.14 1.12M Dec 12, 2022 Direct
transaction PTMN Common Stock Sale -$9.36K -419 -0.04% $22.35 1.11M Dec 13, 2022 Direct
transaction PTMN Common Stock Sale -$57.9K -2.6K -0.23% $22.27 1.11M Dec 14, 2022 Direct
transaction PTMN Common Stock Sale -$4.42K -200 -0.02% $22.10 1.11M Dec 16, 2022 Direct
transaction PTMN Common Stock Purchase $27.9K +1.28K +0.12% $21.75 1.11M Dec 19, 2022 Direct
transaction PTMN Common Stock Purchase $2.18K +100 +0.01% $21.75 1.11M Dec 20, 2022 Direct
transaction PTMN Common Stock Purchase $335K +15.3K +1.38% $21.87 1.13M Dec 21, 2022 Direct
transaction PTMN Common Stock Purchase $220K +10K +0.89% $21.98 1.14M Dec 22, 2022 Direct
transaction PTMN Common Stock Purchase $3.82K +174 +0.02% $21.97 1.14M Dec 23, 2022 Direct
transaction PTMN Common Stock Purchase $25.2K +1.15K +0.1% $21.97 1.14M Dec 23, 2022 Direct
transaction PTMN Common Stock Purchase $8.37K +381 +0.03% $21.97 1.14M Dec 23, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PTMN Equity Swap (Obligation to Buy) Other +1 1 Nov 30, 2022 Common Stock 106 $22.49 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (1) the reporting person will be obligated to pay to the counterparty the price per share set forth in Column 2 for the notional number of shares of PTMN common stock set forth in Column 7, and (2) the counterparty will be obligated to pay to the reporting person the market value of the notional number of shares of PTMN common stock set forth in Column 7 as of the end of that period. The reporting person will pay to the counterparty monthly interest on the purchase price of the notional shares, at a rate tied to a market index, and the counterparty will pay to the reporting person all dividends and similar distributions paid on an equivalent number of shares of PTMN common stock during the term.

Remarks:

The transactions in the Issuer's common stock reported herein and in additional Form 4's being filed by the reporting person on this date were matchable under Section 16(b) of the Securities Exchange Act of 1934. Repertoire Master Fund LP has agreed to pay to the Issuer the aggregate profit in the amount of $302,114.78 realized in connection with these transactions.