Emergent Capital (EMGC) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Evermore Global Advisors, LLC

(Last) (First) (Middle)

89 SUMMIT AVENUE

(Street)

SUMMIT NJ 07901

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/28/2017

3. Issuer Name and Ticker or Trading Symbol
EMERGENT CAPITAL, INC. [ EMGC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	11,185,000	I	By client(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (rights to buy) to purchase Common Stock	(2)	07/28/2025	Common Stock	2,907,821	0.2(3)	I	By client(1)

Explanation of Responses:

1. 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.

2. 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.

3. Subject to adjustment in accordance with Article 3 of the Warrants.

Remarks:

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	08/04/2017
	** Signature of Reporting Person	Date
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