Alcentra Capital (ABDC) Form 4 Alcentra Capital / Paul Hatfield ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hatfield Paul

(Last) (First) (Middle)

C/O ALCENTRA CAPITAL CORPORATION

200 PARK AVE., 7TH FL.

(Street)

NEW YORK NY 10166

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alcentra Capital Corp [ ABDC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2017

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2017(1)		X		40,243	A	(2)	47,624.6231	D
Common Stock	05/22/2017(1)		J(1)		40,243	D	$13.13(1)	7,381.6231	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(2)	05/22/2017(1)		X			40,243	(1)	(1)	Common Stock	40,243	(2)	0	D

Explanation of Responses:

1. On February 28, 2018, the reporting person received a cash payout of his interest in the Alcentra Limited Long Term Incentive Plan ("LTIP"), which amount included the cash equivalent of 40,243 shares of Issuer common stock that had been held pursuant to the LTIP and were sold by the LTIP in a registered offering on May 22, 2017 for $13.13 per share.

2. Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock and entitled the reporting person to receive, on February 28, 2018, the cash value thereof. The reporting person's shares of phantom stock were settled for cash under the LTIP on May 22, 2017, as discussed in footnote 1 above. The LTIP was designed to provide participants with the opportunity to tie the value of their LTIP award to the investment results of Alcentra products and included a purchase plan for Issuer common stock.

	/s/ Steven Levinson, attorney-in-fact	05/03/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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