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Filing Details

Accession Number:: 0001437749-17-003445
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-02-28 17:43:07
Reporting Period:: 2017-02-23

Filing Date:: 2017-02-28
Accepted Time:: 2017-02-28 17:43:07
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1001258	Asta Funding Inc	ASFI	Short-Term Business Credit Institutions (6153)	223388607

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1605565	Ricky Stern	C/O Asta Funding, Inc. 210 Sylvan Ave. Englewood Cliffs NJ 07632	Senior Vice President	No	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.01 Per Share	Acquisiton	2017-02-23	471,086	$10.35	714,364	No	4	P	Indirect	As Trustee and Beneficiary of Ricky Stern Family 2012 Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	As Trustee and Beneficiary of Ricky Stern Family 2012 Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $.01 Per Share	503,590	Indirect	As co-Trustee and Beneficiary of the Ricky Stern 2012 GST Trust
Common Stock, Par Value $.01 Per Share	2,590	Indirect	As co-Trustee of the Emily Stern 2012 GST Trust
Common Stock, Par Value $.01 Per Share	243,278	Indirect	As Trustee for Emily Stern Family 2012 Trust
Common Stock, Par Value $.01 Per Share	862,000	Indirect	see footnote
Common Stock, Par Value $.01 Per Share	30,220	Indirect	Representing proportionate interest in shares held by Asta Group, Incorporated
Common Stock, Par Value $.01 Per Share	268,142	Direct

Footnotes

The shares are to be acquired pursuant to a Securities Purchase Agreement dated as of January 6, 2017, by and among The Mangrove Partners Master Fund, Ltd., The Mangrove Partners Fund, L.P., Mangrove Partners Fund (Cayman), Ltd., Mangrove Partners, Mangrove Capital and Nathaniel August (collectively, the "Sellers") and Gary Stern (the "Purchaser"). The Purchaser has assigned his right and obligation to purchase the shares under such Securities Purchase Agreement to the Ricky Stern Family 2012 Trust. Securities acquired by the Ricky Stern Family 2012 Trust may be deemed beneficially owned by the Reporting Person because of his positions as trustee and beneficiary of the Ricky Stern Family 2012 Trust. The closing of the purchase of the shares is expected to occur on March 10, 2017.
The Reporting Person may be deemed to have beneficial ownership of the shares held in such trust because of his position as Trustee of such trust and as an immediate family member of the beneficiary of such trust. The Reporting Person disclaims any beneficial ownership of the shares held by such trust in excess of the Reporting Person's beneficial ownership therein for purposes of Section 16.
Shares held by GMS Family Investors, LLC may be deemed beneficially owned by the Reporting Person because of his position as sole manager of GMS Family Investors, LLC. The Reporting Person disclaims beneficial ownership of the shares held by GMS Family Investors, LLC in excess of his pecuniary interest therein for purposes of Section 16.