0000935836-23-000380.txt : 20230502
0000935836-23-000380.hdr.sgml : 20230502
20230502184855
ACCESSION NUMBER: 0000935836-23-000380
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230112
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: 23881046
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
2023-01-12
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
2023-01-12
4
P
0
72
22.35
A
1174663
D
Common Stock
2023-01-12
4
P
0
429
22.35
A
1175092
D
Common Stock
2023-01-12
4
P
0
145
22.35
A
1175237
D
Common Stock
2023-01-17
4
S
0
21
22.9
D
1175216
D
Common Stock
2023-01-17
4
S
0
125
22.9
D
1175091
D
Common Stock
2023-01-17
4
S
0
42
22.9
D
1175049
D
Common Stock
2023-01-18
4
S
0
11
22.78
D
1175038
D
Common Stock
2023-01-18
4
S
0
67
22.78
D
1174971
D
Common Stock
2023-01-18
4
S
0
22
22.78
D
1174949
D
Common Stock
2023-01-20
4
S
0
2721
22.6614
D
1172228
D
Common Stock
2023-01-20
4
P
0
1397
22.5
A
1173625
D
Common Stock
2023-01-25
4
S
0
101
22.8034
D
1173524
D
Common Stock
2023-01-25
4
S
0
600
22.8034
D
1172924
D
Common Stock
2023-01-25
4
S
0
204
22.8034
D
1172720
D
Common Stock
2023-01-26
4
S
0
340
22.8
D
1172380
D
Common Stock
2023-01-27
4
S
0
45
22.855
D
1172335
D
Common Stock
2023-01-27
4
S
0
265
22.855
D
1172070
D
Common Stock
2023-01-27
4
S
0
90
22.855
D
1171980
D
Common Stock
2023-01-27
4
P
0
186
22.75
A
1172166
D
Common Stock
2023-01-27
4
P
0
1099
22.75
A
1173265
D
Common Stock
2023-01-27
4
P
0
373
22.75
A
1173638
D
Common Stock
2023-02-06
4
S
0
100
22.7
D
1173538
D
Common Stock
2023-02-07
4
S
0
800
22.7025
D
1172738
D
Common Stock
2023-02-08
4
S
0
10144
22.6453
D
1162594
D
Common Stock
2023-02-09
4
S
0
259
22.79
D
1162335
D
Equity Swap (Obligation to Buy)
22.67
2023-02-07
4
J
1
1
A
Common Stock
100
1
D
Equity Swap (Obligation to Buy)
22.65
2023-02-08
4
J
1
1
A
Common Stock
7327
1
D
Equity Swap (Obligation to Buy)
23.1084
2023-02-28
4
J
1
1
A
Common Stock
2744
1
D
Equity Swap (Obligation to Buy)
22.9805
2023-03-03
4
J
1
1
A
Common Stock
5107
1
D
Equity Swap (Obligation to Sell)
23.3111
2023-03-08
4
J
1
1
A
Common Stock
7960
1
D
Equity Swap (Obligation to Sell)
22.6950
2023-03-10
4
J
1
1
A
Common Stock
200
1
D
Equity Swap (Obligation to Buy)
22.0259
2023-03-10
4
J
1
1
A
Common Stock
1233
1
D
Equity Swap (Obligation to Buy)
21.0692
2023-03-13
4
J
1
1
A
Common Stock
6440
1
D
Equity Swap (Obligation to Sell)
21.5026
2023-03-14
4
J
1
1
A
Common Stock
2979
1
D
Equity Swap (Obligation to Sell)
20.9413
2023-03-27
4
J
1
1
A
Common Stock
3923
1
D
Equity Swap (Obligation to Sell)
20.9001
2023-03-28
4
J
1
1
A
Common Stock
5209
1
D
Equity Swap (Obligation to Sell)
20.7358
2023-04-03
4
J
1
1
A
Common Stock
4555
1
D
Equity Swap (Obligation to Sell)
20.5500
2023-04-04
4
J
1
1
A
Common Stock
243
1
D
Equity Swap (Obligation to Sell)
20.6000
2023-04-11
4
J
1
1
A
Common Stock
2797
1
D
Equity Swap (Obligation to Sell)
20.5751
2023-04-13
4
J
1
1
A
Common Stock
722
1
D
Equity Swap (Obligation to Sell)
20.6002
2023-04-14
4
J
1
1
A
Common Stock
2363
1
D
Equity Swap (Obligation to Sell)
20.6223
2023-04-17
4
J
1
1
A
Common Stock
2567
1
D
Equity Swap (Obligation to Sell)
20.5034
2023-04-18
4
J
1
1
A
Common Stock
984
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, (i) 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 (ii) the counterparty will be obligated to pay to the reporting person the market value of the notional number shares of PTMN common stock set forth in Column 7 as of the end of that period. The reporting peron 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 reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (i) the counterparty will be obligated to pay to the reporting person 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 (ii) the reporting person will be obligated to pay to the counterparty the market value of the notional number shares of PTMN common stock set forth in Column 7 as of the end of that period. The counterparty will pay to the reporting person monthly interest on the purchase price of the notional shares, at a rate tied to a market index, and the reporting person will pay to the counterparty 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