Sec Form 4 Filing - Investcorp BDC Holdings Ltd @ Investcorp Credit Management BDC, Inc. - 2020-04-17

Insider filing report for Changes in Beneficial Ownership
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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
Investcorp BDC Holdings Ltd
2. Issuer Name and Ticker or Trading Symbol
Investcorp Credit Management BDC, Inc. [ ICMB]
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)
CENTURY YARD, CRICKET SQUARE PO BOX 1111,
3. Date of Earliest Transaction (MM/DD/YY)
04/17/2020
(Street)
GRAND CAYMAN. KY1-1102, E9BWI
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, $0.001 par value per share 04/17/2020 P 3,080 A $ 4.7255 ( 1 ) 459,408 D ( 2 )
Common Stock, $0.001 par value per share 04/20/2020 P 2,700 A $ 4.7256 ( 3 ) 462,108 D ( 2 )
Common Stock, $0.001 par value per share 04/21/2020 P 1,815 A $ 4.38 ( 4 ) 463,923 D ( 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
Investcorp BDC Holdings Ltd
CENTURY YARD, CRICKET SQUARE PO BOX 1111
GRAND CAYMAN. KY1-1102, E9BWI
X
Investcorp Credit Management US LLC
280 PARK AVENUE
36TH FLOOR
NEW YORK, NY10017
X
SIPCO HOLDINGS LTD
CENTURY YARD, CRICKET SQUARE PO BOX 1111
GRAND CAYMAN KY1-1102, E9BWI
X
Investcorp S.A.
CENTURY YARD, CRICKET SQUARE PO BOX 1111
GRAND CAYMAN KY1-1102, E9BWI
X
Signatures
Investcorp BDC Holdings Limited, by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 04/21/2020
Signature of Reporting Person Date
Investcorp Credit Management US LLC, by Patrick Maloney, General Counsel /s/ Patrick Maloney 04/21/2020
Signature of Reporting Person Date
SIPCO Holdings Limited, by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 04/21/2020
Signature of Reporting Person Date
Investcorp S.A., by Patrick Maloney, attorney-in-fact /s/ Patrick Maloney 04/21/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $4.50 to $4.90. The reporting person undertakes to provide to the Investcorp Credit Management BDC, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this Form 4.
( 2 )These shares of Common Stock are owned directly by Investcorp BDC Holdings Limited ("IBDC"). The same shares of Common Stock are reported herein as being beneficially owned by Investcorp S.A. ("Investcorp"), SIPCO Holdings Limited ("SIPCO") and Investcorp Credit Management US LLC ("ICM"). Investcorp and ICM each disclaim beneficial ownership of the shares held by IBDC, except to the extent, if any, that they have a pecuniary interest in such shares and such pecuniary interest is ultimately realized. SIPCO may be deemed to control Investcorp through its ownership of a majority of the stock of a company that indirectly owns a majority of Investcorp. SIPCO Limited disclaims beneficial ownership of the shares reported on this Form 3.
( 3 )The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $4.51 to $4.90.
( 4 )The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $4.25 to $4.52.

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