0000935836-23-000378.txt : 20230502 0000935836-23-000378.hdr.sgml : 20230502 20230502184639 ACCESSION NUMBER: 0000935836-23-000378 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221130 FILED AS OF DATE: 20230502 DATE AS OF CHANGE: 20230502 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Repertoire Master Fund LP CENTRAL INDEX KEY: 0001878549 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 814-00735 FILM NUMBER: 23881033 BUSINESS ADDRESS: STREET 1: 345 CALIFORNIA STREET, SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-677-7050 MAIL ADDRESS: STREET 1: 345 CALIFORNIA STREET, SUITE 600 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Portman Ridge Finance Corp CENTRAL INDEX KEY: 0001372807 IRS NUMBER: 205951150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 650 MADISON AVNUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212.891.2880 MAIL ADDRESS: STREET 1: 650 MADISON AVNUE STREET 2: 23RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: KCAP Financial, Inc. DATE OF NAME CHANGE: 20120710 FORMER COMPANY: FORMER CONFORMED NAME: Kohlberg Capital CORP DATE OF NAME CHANGE: 20061211 FORMER COMPANY: FORMER CONFORMED NAME: Kohlberg Capital, LLC DATE OF NAME CHANGE: 20060815 4 1 ownership.xml X0407 4 2022-11-30 0 0001372807 Portman Ridge Finance Corp PTMN 0001878549 Repertoire Master Fund LP 345 CALIFORNIA STREET, SUITE 600 SAN FRANCISCO CA 94104 0 0 1 0 0 Common Stock 2022-11-30 4 P 0 1009 22.3428 A 1103911 D Common Stock 2022-11-30 4 P 0 6814 22.3428 A 1110725 D Common Stock 2022-11-30 4 P 0 1917 22.3428 A 1112642 D Common Stock 2022-11-30 4 P 0 1554 22.0832 A 1114196 D Common Stock 2022-11-30 4 P 0 10494 22.0832 A 1124690 D Common Stock 2022-11-30 4 P 0 2952 22.0832 A 1127642 D Common Stock 2022-12-01 4 S 0 149 22.4 D 1127493 D Common Stock 2022-12-01 4 S 0 980 22.4 D 1126513 D Common Stock 2022-12-01 4 S 0 284 22.4 D 1126229 D Common Stock 2022-12-05 4 S 0 1248 22.1255 D 1124981 D Common Stock 2022-12-06 4 S 0 4468 22.1138 D 1120513 D Common Stock 2022-12-07 4 S 0 9798 22.2508 D 1110715 D Common Stock 2022-12-08 4 P 0 2220 21.8514 A 1112935 D Common Stock 2022-12-09 4 P 0 4200 21.8911 A 1117135 D Common Stock 2022-12-09 4 P 0 69 21.9197 A 1117204 D Common Stock 2022-12-09 4 P 0 455 21.9197 A 1117659 D Common Stock 2022-12-09 4 P 0 134 21.9197 A 1117793 D Common Stock 2022-12-09 4 S 0 300 22.05 D 1117493 D Common Stock 2022-12-12 4 S 0 186 22.44 D 1117307 D Common Stock 2022-12-12 4 S 0 2220 22.1417 D 1115087 D Common Stock 2022-12-13 4 S 0 419 22.345 D 1114668 D Common Stock 2022-12-14 4 S 0 2602 22.2672 D 1112066 D Common Stock 2022-12-16 4 S 0 200 22.1 D 1111866 D Common Stock 2022-12-19 4 P 0 1281 21.75 A 1113147 D Common Stock 2022-12-20 4 P 0 100 21.75 A 1113247 D Common Stock 2022-12-21 4 P 0 15309 21.8654 A 1128556 D Common Stock 2022-12-22 4 P 0 10000 21.9846 A 1138556 D Common Stock 2022-12-23 4 P 0 174 21.9712 A 1138730 D Common Stock 2022-12-23 4 P 0 1145 21.9712 A 1139875 D Common Stock 2022-12-23 4 P 0 381 21.9712 A 1140256 D Equity Swap (Obligation to Buy) 22.49 2022-11-30 4 J 1 1 A Common Stock 106 1 D 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. 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. /s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP 2023-05-02