0001144204-17-040591.txt : 20170804 0001144204-17-040591.hdr.sgml : 20170804 20170804162232 ACCESSION NUMBER: 0001144204-17-040591 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170728 FILED AS OF DATE: 20170804 DATE AS OF CHANGE: 20170804 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Evermore Global Advisors, LLC CENTRAL INDEX KEY: 0001479983 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35064 FILM NUMBER: 171008903 BUSINESS ADDRESS: STREET 1: 89 SUMMIT AVENUE STREET 2: 3RD FLOOR CITY: SUMMIT STATE: NJ ZIP: 07901 BUSINESS PHONE: 908-378-2882 MAIL ADDRESS: STREET 1: 89 SUMMIT AVENUE STREET 2: 3RD FLOOR CITY: SUMMIT STATE: NJ ZIP: 07901 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EMERGENT CAPITAL, INC. CENTRAL INDEX KEY: 0001494448 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 300663473 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5355 TOWN CENTER ROAD STREET 2: SUITE 701 CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 561-995-4200 MAIL ADDRESS: STREET 1: 5355 TOWN CENTER ROAD STREET 2: SUITE 701 CITY: BOCA RATON STATE: FL ZIP: 33486 FORMER COMPANY: FORMER CONFORMED NAME: IMPERIAL HOLDINGS, INC. DATE OF NAME CHANGE: 20141023 FORMER COMPANY: FORMER CONFORMED NAME: Imperial Holdings, Inc. DATE OF NAME CHANGE: 20110211 FORMER COMPANY: FORMER CONFORMED NAME: Imperial Holdings, LLC DATE OF NAME CHANGE: 20100617 3 1 v472327_3.xml OWNERSHIP DOCUMENT X0206 3 2017-07-28 0 0001494448 EMERGENT CAPITAL, INC. EMGC 0001479983 Evermore Global Advisors, LLC 89 SUMMIT AVENUE SUMMIT NJ 07901 0 0 1 0 Common Stock 11185000 I By client Warrants (rights to buy) to purchase Common Stock 0.2 2025-07-28 Common Stock 2907821 I By client The securities are held by Evermore Global Advisors, LLC ("Evermore") on behalf of its investment advisory client, Sirius International Insurance Corporation (publ) ("Sirius"). Evermore has sole voting and dispositive power with respect to the securities, but disclaims beneficial interest in such securities except to the extent of its indirect pecuniary interest therein. The Warrants will vest at later times tied to the conversion of the Issuer's outstanding senior unsecured convertible notes outstanding as of July 28, 2017 (the "Outstanding Convertible Notes") into shares of the Issuer's common stock on a 1 to 1 basis; provided that upon the earliest date on which (x) at least 50% of the aggregate principal amount of the Outstanding Convertible Notes are converted into shares of the Issuer's common stock, or (y) all of the Outstanding Convertible Notes are no longer outstanding, then all remaining shares of the Issuer's common stock under the Warrants will vest and become immediately exercisable. Subject to adjustment in accordance with Article 3 of the Warrants. Evermore acquired 37,500,000 shares of Common Stock and Warrants to Purchase 9,750,000 shares of Common Stock of the Issuer on behalf of its investment advisory clients, including the Evermore Global Value Fund and Sirius. Evermore has sole voting and dispositive power with respect to these securities, but disclaims beneficial interest in such securities except to the extent of its indirect pecuniary interest in the securities owned by Sirius and reported above in Table I and Table II. Evermore Global Advisors, LLC, By: /s/ Eric LeGoff, President & COO 2017-08-04