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Filing Details

Accession Number:: 0000935836-23-000628
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-29 17:06:14
Reporting Period:: 2023-06-01

Accepted Time:: 2023-09-29 17:06:14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1372807	Portman Ridge Finance Corp	PTMN	()	205951150

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1878549	Repertoire Master Fund Lp	345 California Street, Suite 600 San Francisco CA 94104		No	No	Yes	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
Common Stock	Acquisiton	2023-06-01	100	$22.67	1,162,434	Yes	4	X	Direct
Common Stock	Disposition	2023-06-01	100	$19.45	1,162,334	Yes	4	J	Direct
Common Stock	Acquisiton	2023-06-01	7,218	$22.65	1,169,552	Yes	4	X	Direct
Common Stock	Disposition	2023-06-01	7,218	$19.45	1,162,334	Yes	4	J	Direct
Common Stock	Acquisiton	2023-06-01	1,233	$22.03	1,163,567	Yes	4	X	Direct
Common Stock	Disposition	2023-06-01	1,233	$19.45	1,162,334	Yes	4	J	Direct
Common Stock	Acquisiton	2023-06-01	6,440	$21.07	1,168,774	Yes	4	X	Direct
Common Stock	Disposition	2023-06-01	6,440	$19.45	1,162,334	Yes	4	J	Direct
Common Stock	Acquisiton	2023-06-01	14,991	$19.45	1,177,325	No	4	P	Direct
Common Stock	Disposition	2023-09-19	55,462	$19.40	1,121,863	No	4	S	Direct
Common Stock	Disposition	2023-09-20	1,700	$19.50	1,120,163	No	4	S	Direct
Common Stock	Disposition	2023-09-21	10,446	$19.29	1,109,717	No	4	S	Direct
Common Stock	Disposition	2023-09-22	3,763	$19.44	1,105,954	No	4	S	Direct
Common Stock	Disposition	2023-09-22	2,278	$19.27	1,103,676	No	4	S	Direct
Common Stock	Disposition	2023-09-27	15,051	$19.25	1,088,625	No	4	S	Direct
Common Stock	Disposition	2023-09-28	4,800	$19.20	1,083,825	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
Yes	4	X	Direct
Yes	4	J	Direct
Yes	4	X	Direct
Yes	4	J	Direct
Yes	4	X	Direct
Yes	4	J	Direct
Yes	4	X	Direct
Yes	4	J	Direct
No	4	P	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Equity Swap (Obligation to Buy)	Disposition	2023-06-01	1	$0.00	100	$22.67
Common Stock	Equity Swap (Obligation to Buy)	Disposition	2023-06-01	1	$0.00	7,218	$22.65
Common Stock	Equity Swap (Obligation to Buy)	Disposition	2023-06-01	1	$0.00	1,233	$22.03
Common Stock	Equity Swap (Obligation to Buy)	Disposition	2023-06-01	1	$0.00	6,440	$21.07

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
Yes	4	X	Direct
Yes	4	X	Direct
Yes	4	X	Direct
Yes	4	X	Direct

Footnotes

On 6/1/2023, upon settlement of an equity swap agreement entered into between the reporting person and a securities broker on 2/7/2023, the reporting person paid to the broker $22.67 per share for each of the 100 shares subject to the agreement, offset by $19.45 per share (the market price of the shares on 6/1/2023) owed by the broker to the reporting person for each of the 100 shares subject to the agreement. The termination of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rule 16b-6(b) thereunder.
On 6/1/2023, upon settlement of an equity swap agreement between the reporting person and a securities broker entered into on 2/8/2023, the reporting person paid to the broker $22.65 per share for each of the remaining 7,218 shares subject to the agreement, offset by $19.45 per share (the market price of the shares on 6/1/2023) owed by the broker to the reporting person for each of the remaining 7,218 shares subject to the agreement. The termination of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Exchange Act pursuant to Rule 16b-6(b) thereunder.
On 6/1/2023, upon settlement of an equity swap agreement entered into between the reporting person and a securities broker on 3/10/2023, the reporting person paid to the broker $22.0259 per share for each of the 1,233 shares subject to the agreement, offset by $19.45 per share (the market price of the shares on 6/1/2023) owed by the broker to the reporting person for each of the 1,233 shares subject to the agreement. The termination of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Exchange Act pursuant to Rule 16b-6(b) thereunder.
On 6/1/2023, upon settlement of an equity swap agreement entered into between the reporting person and a securities broker on 3/13/2023, the reporting person paid to the broker $21.0692 per share for each of the 6,440 shares subject to the agreement, offset by $19.45 per share (the market price of the shares on 6/1/2023) owed by the broker to the reporting person for each of the 6,440 shares subject to the agreement. The termination of the equity swap and the reported purchase of common stock in connection therewith are deemed exempt from section 16(b) of the Exchange Act pursuant to Rule 16b-6(b) thereunder.