Sec Form 4 Filing - Mangrove Partners Master Fund, Ltd. @ ASTA FUNDING INC - 2016-02-29

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Mangrove Partners Master Fund, Ltd.
2. Issuer Name and Ticker or Trading Symbol
ASTA FUNDING INC [ ASFI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
PO BOX 309, UGLAND HOUSE, S. CHURCH ST.,
3. Date of Earliest Transaction (MM/DD/YY)
02/29/2016
(Street)
GEORGE TOWN, E9KY1-1104
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 02/29/2016 P 1,800 A $ 7.145 2,102,427 D ( 1 ) ( 2 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Mangrove Partners Master Fund, Ltd.
PO BOX 309, UGLAND HOUSE, S. CHURCH ST.
GEORGE TOWN, E9KY1-1104
X
Mangrove Partners Fund (Cayman), Ltd.
MAPLES CORP. SVCS, PO BOX 309
UGLAND HOUSE, S. CHURCH STREET
GEORGE TOWN, E9KY1-1104
X
Mangrove Partners Fund, L.P.
645 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY10022
X
MANGROVE CAPITAL
645 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY10022
X
AUGUST NATHANIEL H.
645 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY10022
X
MANGROVE PARTNERS
645 MADISON AVENUE, 14TH FLOOR
NEW YORK, NY10022
X
Signatures
/s/ Nathaniel H. August, as Director of The Mangrove Partners Master Fund, Ltd. 03/01/2016
Signature of Reporting Person Date
/s/ Nathaniel H. August, as Director of Mangrove Partners, the Investment Manager of the Reporting Person 03/01/2016
Signature of Reporting Person Date
/s/ Nathaniel H. August, as Director of Mangrove Capital, the General Partner of the Reporting Person 03/01/2016
Signature of Reporting Person Date
/s/ Nathaniel H. August as director of Mangrove Capital 03/01/2016
Signature of Reporting Person Date
/s/ Nathaniel H. August 03/01/2016
Signature of Reporting Person Date
/s/ Nathaniel H. August as director of Mangrove Partners 03/01/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form is being jointly filed by (1) The Mangrove Partners Master Fund, Ltd. (the "Master Fund"), (2) The Mangrove Partners Fund, L.P. (the "US Feeder"), (3) The Mangrove Partners Fund (Cayman), Ltd. (the "Cayman Feeder"), (4) Mangrove Partners, (5) Mangrove Capital and (6) Nathaniel August. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
( 2 )The shares which are the subject of this Form are held by the Master Fund. Beneficial ownership of the shares which is the subject of this Form is also claimed indirectly by (i) the US Feeder and the Cayman Feeder, which are the two controlling shareholders of the Master Fund, (ii) Mangrove Partners which serves as the investment manager of each of the Master Fund, the US Feeder and the Cayman Feeder, (iii) Mangrove Capital which serves as the general partner of the US Feeder, and (iv) Nathaniel August who is the principal of Mangrove Partners and Mangrove Capital.

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