Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 21)*
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Medallion Financial Corp. (Name of Issuer) |
Common Stock, $0.01 Par Value (Title of Class of Securities) |
583928106 (CUSIP Number) |
Alvin Murstein Medallion Financial Corp., 437 Madison Avenue, 38th Floor New York, NY, 10022 (212) 328-2100 Marisa T. Silverman Medallion Financial Corp., 437 Madison Avenue, 38th Floor New York, NY, 10022 (212) 328-2100 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
02/13/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 583928106 |
| 1 |
Name of reporting person
Alvin Murstein | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
PF, OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,869,242.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
8.07 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person:
Row (7), (9) and (11): includes (i) 103,565 shares which may be acquired upon the exercise of stock options; (ii) 1,358,300 shares held in the Alvin Murstein Second Family Trust; (iii) 117,660 shares held in the Aileen J. Murstein Family 2012 Trust; and (iv) 5,000 shares held by Mr. Murstein's spouse.Row (13): Percentage based upon 23,067,748 shares outstanding as of November 6, 2024 as reported on the cover page to the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024.
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, $0.01 Par Value | |
| (b) | Name of Issuer:
Medallion Financial Corp. | |
| (c) | Address of Issuer's Principal Executive Offices:
437 Madison Avenue, 38th Floor, New York,
NEW YORK
, 10022. | |
Item 1 Comment:
This Amendment No. 21 to Schedule 13D, filed on behalf of Mr. Alvin Murstein, relates to shares of common stock, par value $0.01 per share of Medallion Financial Corp., a Delaware corporation, and amends the Schedule 13D as originally filed with the Securities and Exchange Commission on February 14, 1997. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 is hereby amended and restated in its entirety as follows:The 284,717 shares of Common Stock held directly by Mr. Murstein, the 117,660 shares of Common Stock held by the Aileen J. Murstein Family 2012 Trust and the 5,000 shares of Common Stock held directly by Mr. Murstein's spouse were purchased with approximately $998,539 of personal funds; the 1,358,300 shares of Common Stock held by the Alvin Murstein Second Family Trust (the "Trust"), of which Mr. Murstein is a trustee, were purchased with approximately $496,885 of funds of the Trust. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Item 5(a) is hereby amended and restated in its entirety as follows: As of the close of business on February 13, 2025, Mr. Murstein was the beneficial owner of 1,869,242 (including 103,565 shares which may be acquired upon the exercise of stock options). Such shares constituted approximately 8.07% of 23,067,748 shares outstanding as of November 6, 2024 as reported on the cover page to the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024. | |
| (c) | Item 5(c) is hereby amended and restated in its entirety as follows: Mr. Murstein has affected the following transaction in the Common Stock during the last sixty days: On February 13, 2025, Mr. Murstein received 23,514 restricted shares of Common Stock awarded under the Medallion Financial Corp. 2018 Equity Incentive Plan which will vest in equal one-third increments on March 1, 2026, March 1, 2027 and March 1, 2028. | |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Comments accompanying signature:
Individually and as Trustee under the Alvin Murstein Second Family Trust and the Aileen J. Murstein Family 2012 Trust |