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FlexShopper, Inc. — Director's Dealing 2018
Apr 5, 2018
35035_dirs_2018-04-05_2f9bd841-54b5-4f6d-b3a8-6967fd945f9b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FlexShopper, Inc. (FPAY)
CIK: 0001397047
Period of Report: 2018-04-03
Reporting Person: Waterfall Asset Management, LLC (10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-04-03 | Warrant to Purchase Common Stock | $0.01 | P | 3 | Acquired | 2023-04-03 | Common Stock (175000) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1454546 | Indirect |
Footnotes
F1: All of the shares and warrants are owned by funds for which the Reporting Person serves as investment manager. Pursuant to the terms of an Investor Rights Agreement with the Issuer, the Reporting Person has the right to nominate one person to the Issuer's board of directors. The Reporting Person disclaims ownership of the securities except to the extent of its pecuniary interest.
F2: The Warrants were issued in connection with an amendment to that certain Credit Agreement, dated as of March 6, 2015, among an affiliate of the Reporting Person, FlexShopper 2, LLC and Wells Fargo Bank, National Association, as paying agent.