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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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OMB APPROVAL
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| Estimated average burden hours per response... | 0.5 |
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(Print or Type Responses)
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1. Name and Address of Reporting Person *
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| WATSA V PREM ET AL |
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2. Issuer Name and Ticker or Trading Symbol
Crescent Capital BDC, Inc. [CCAP]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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_____ Director
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__X__ 10% Owner
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_____ Officer (give title below)
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_____ Other (specify below)
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95 WELLINGTON STREET WEST, SUITE 800 |
3. Date of Earliest Transaction (Month/Day/Year)
01/11/2022 |
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TORONTO, A6 M5J 2N7 |
4. If Amendment, Date Original Filed
(Month/Day/Year)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Transaction Date (Month/Day/Year)
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2A. Deemed Execution Date, if any (Month/Day/Year)
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3. Transaction Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
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7. Nature of Indirect Beneficial Ownership
(Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 01/11/2022 |
| S |
| 32,548 | D |
$18.08 (1) (2) | 3,113,354 | I | See footnote (4) |
| Common Stock | 01/12/2022 |
| S |
| 52,675 | D |
$18.18 (3) (2) | 3,060,679 | I | See footnote (4) |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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)
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2. Conversion or Exercise Price of Derivative Security
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3. Transaction Date (Month/Day/Year)
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3A. Deemed Execution Date, if any (Month/Day/Year)
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4. Transaction Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
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6. Date Exercisable and Expiration Date
(Month/Day/Year)
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7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
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11. Nature of Indirect Beneficial Ownership
(Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Reporting Owners
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
WATSA V PREM ET AL
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7 |
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X
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FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7 |
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X
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SECOND 1109 HOLDCO LTD.
95 WELLINGTON STREET WEST
SUITE 800
TORONTO, A6 M5J 2N7 |
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X
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SIXTY TWO INVESTMENT CO LTD
1600 CATHEDRAL PLACE
925 W GEORGIA ST
VANCOUVER, BRITISH COLUMBIA, A1 V6C 3L3 |
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X
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Allied World Assurance Co Holdings, GmbH
27 RICHMOND ROAD
GUBELSTRASSE 24
PEMBROKE, D0 HM 08 |
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X
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Signatures
| /s/ V. Prem Watsa | |
01/12/2022 |
| **Signature of Reporting Person | Date |
| /s/ Peter Clarke, Vice President and COO, on behalf of Fairfax Financial Holdings Ltd. | |
01/12/2022 |
| **Signature of Reporting Person | Date |
| /s/ V. Prem Watsa, President, on behalf of The Second 1109 Holdco Ltd. | |
01/12/2022 |
| **Signature of Reporting Person | Date |
| /s/ V. Prem Watsa, President, on behalf of The Sixty Two Investment Company Limited | |
01/12/2022 |
| **Signature of Reporting Person | Date |
| /s/ Peter Clarke, Attorney-in-fact, on behalf of Allied World Assurance Company Holdings, Ltd | |
01/12/2022 |
| **Signature of Reporting Person | Date |
Explanation of Responses:
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | This transaction was executed in multiple trades at prices ranging from $18.04 to $18.14. The shares sold include 23,515 shares sold by Allied World Assurance Company, Ltd., GmbH ("Allied World") and 9,033 shares sold by Brit Reinsurance (Bermuda) Limited - FAL ("Brit"), which are both subsidiaries of Fairfax Financial Holdings Limited. |
| (2) | The price reported reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. |
| (3) | This transaction was executed in multiple trades at prices ranging from $18.14 to $18.31. The shares sold include 38,056 shares sold by Allied World and 14,619 shares sold by Brit. |
| (4) | These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other reporting persons. Each of the reporting persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the reporting persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose. |
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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