Sec Form 4 Filing - GINOLA LTD @ EMAGIN CORP - 2022-05-02

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 GINOLA LTD 2. Issuer Name and Ticker or Trading Symbol EMAGIN CORP [ EMAN] 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) C/O INPENDRA LIMITED, 2ND FLOOR, EATON HOUSE, 9 SEATON PLACE 3. Date of Earliest Transaction (MM/DD/YY) 05/02/2022 (Street) ST. HELIER, Y9JE4 9WG 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ 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 05/02/2022 S 1,431 D $ 0.89 0 I By Flat Creek Fiduciary Management LLC, as Trustee( 1 ) Common Stock 12/22/2022 C 1,002,647 A $ 0 1,002,647 D Common Stock 78,478 I By Mount Union Corp.( 2 ) Common Stock 57,372 I By Chelsea Trust Company, as Trustee( 3 )

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 Series B Convertible Preferred Stock $ 0.3022( 4 ) 12/22/2022 C 303 ( 4 ) ( 4 ) Common Stock 1,002,647 $ 0 500 D Series B Convertible Preferred Stock $ 0.3022( 5 ) 12/22/2022 J 703( 5 ) ( 5 ) ( 5 ) Common Stock 2,326,273 $ 0 0 I By Flat Creek Fiduciary Management LLC, as Trustee( 5 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other GINOLA LTD C/O INPENDRA LIMITED, 2ND FLOOR EATON HOUSE, 9 SEATON PLACE ST. HELIER, Y9JE4 9WG X Signatures /s/ James O'Grady, Attorney-in-Fact 12/30/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These securities are solely owned by Flat Creek Fiduciary Management LLC, as trustee of a trust for the benefit of the sole member of the Reporting Person and his minor descendants ("Trustee"). The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities. ( 2 )These securities are held solely by Mount Union Corp. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities. ( 3 )These securities are held solely by Chelsea Trust Company Limited, as Trustee. The Reporting Person disclaims beneficial ownership of these securities, and this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities. ( 4 )The shares of Series B Convertible Preferred Stock were purchased on December 22, 2008 as part of a private placement with the Issuer in accordance with the Securities Purchase Agreement, dated December 18, 2008, between the Issuer and the holder. The shares of Series B Convertible Preferred Stock have the rights and preferences set forth on the Certificate of Designations of Series B Convertible Preferred Stock filed with the Secretary of State for the State of Delaware on December 19, 2008. The Series B Convertible Preferred Stock has a stated value of $1,000 per share and currently has a conversion price of $ 0.3022 per share. ( 5 )These securities were held solely by the Trustee for the benefit of the sole member of the Reporting Person and his minor descendants. The trust has been terminated and the securities have been distributed to a limited liability company of which the sole member of the Reporting Person is the sole member.

Remarks: Ex. 24- Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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