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Filing Details

Accession Number:: 0000899243-20-009195
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-03-20 18:53:30
Reporting Period:: 2020-03-18

Accepted Time:: 2020-03-20 18:53:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1418076	Solar Capital Ltd.	SLRC	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1186884	S Michael Gross	C/O Solar Capital Ltd., 500 Park Avenue New York NY 10022	See Remarks	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-03-18	20,000	$8.76	2,413,886	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2020-03-18	5,000	$8.44	185,894	No	4	P	Direct
Common Stock	Acquisiton	2020-03-19	400	$8.39	2,414,286	No	4	P	Indirect	See Footnotes
Common Stock	Acquisiton	2020-03-20	13,701	$9.90	199,595	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	P	Direct
No	4	P	Indirect	See Footnotes
No	4	P	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions. The reported price for the share purchases made on March 18, 2020 is based on prices ranging from a low of $8.15 per share to a high of $8.98 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price set forth above in the transactions reported in this footnote and in the transactions set forth in footnote (6) below.
The total indirect ownership includes 88,775 shares of Solar Capital Ltd. (the "Issuer") held by certain trusts for the benefit of family members for which Mr. Gross serves as trustee (the "Family Trusts"), 20,400 of which were reported as purchased on this Form 4 (20,000 on March 18, 2020 and 400 on March 19, 2020). Mr. Gross may be deemed to directly beneficially own these shares by virtue of his control with respect to the Family Trusts. The total indirect ownership also includes 208,248 shares of the Issuer held by Solar Capital Partners Employee Stock Plan, LLC (the "SCP Plan"). The SCP Plan is controlled by Solar Capital Partners, LLC ("Solar Capital Partners"). Michael S. Gross and Bruce J. Spohler may be deemed to indirectly beneficially own a portion of the shares held by the SCP Plan by virtue of their collective ownership interest in Solar Capital Partners.
(Continued from Footnote (2)) In addition, the total includes 1,285,013 shares of the Issuer held by Solar Capital Investors, LLC ("Solar Capital I") and 715,000 shares of the Issuer held by Solar Capital Investors II, LLC ("Solar Capital II"), a portion of both of which may be deemed to be indirectly beneficially owned by Mr. Gross, Mr. Spohler and a grantor retained annuity trust setup by and for Mr. Gross (the "GRAT") by virtue of their collective ownership interest therein. In addition, the total includes 20,000 shares of the Issuer held by the GRAT, which Mr. Gross may be deemed to directly beneficially own as the sole trustee of the GRAT.
(Continued from Footnote (3)) In addition, the total includes 97,250 shares of the issuer directly held by Mr. Gross' profit sharing plan (the "Profit Sharing Plan"). Mr. Gross may be deemed to directly beneficially own these shares as the sole participant in the Profit Sharing Plan and as trustee and immediate family member of the Family Trusts. Mr. Gross disclaims beneficial ownership of any of the Issuer's securities directly held by the SCP Plan, Solar Capital I, Solar Capital II, or the Family Trusts except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Gross is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
These shares were purchased in multiple transactions. The reported price for the share purchases made on March 18, 2020 is the purchase price of such shares in each transaction.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions. The reported price for the share purchases made on March 20, 2020 is based on prices ranging from a low of $9.80 per share to a high of $9.97 per share.