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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

STILLWATER HOLDINGS LLC 		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)

654 MADISON AVENUE, 9TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/24/2017
(Street)

NEW YORK, NY 10065
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/24/2017     P    50000   A $2.00   2250000   I   By Stillwater Trust LLC   (1)
Common Stock                  1283501   D    
Common Stock                  4250000   I   By Flat Creek Fiduciary Management LLC, as Trustee   (2)
Common Stock                  783325   I   By Rainbow Gate Corporation   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Common Stock Purchase Warrants (right to buy)   $2.25   3/24/2017     J   (4)    100000       9/24/2017   6/23/2021   Common Stock   100000   $0   (4) 100000   I   By Stillwater Trust LLC   (1)
Common Stock Purchase Warrants (right to buy)   $2.45   5/24/2017     P   (5)    25000       5/24/2017   5/24/2022   Common Stock   25000   $0   (5) 25000   I   By Stillwater Trust LLC   (1)
Series B Convertible Preferred Stock   $0.75   (6)                    (6)   (6) Common Stock   5377333     4033   D    
Series B Convertible Preferred Stock   $0.75   (6)                    (6)   (6) Common Stock   937333     703   I   By Rainbow Gate Corporation   (3)
Common Stock Purchase Warrants (right to buy)     (7)                    (7)   (7) Common Stock   1152668     1152668   I   By Stillwater Trust LLC   (1)

Explanation of Responses:
(1)  These securities are owned by Stillwater Trust LLC. The sole member of Reporting Person is the sole manager and president of Stillwater Trust LLC, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
(2)  These securities are held solely by Flat Creek Fiduciary Management LLC, as trustee of a trust for the benefit of the minor beneficiaries of the sole member of Reporting Person. The sole member of Reporting Person has investment control over such securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
(3)  These securities are owned solely by Rainbow Gate Corporation. The sole member of Reporting Person is the investment manager of Rainbow Gate Corporation, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of these securities except to the extent of its pecuniary interest therein.
(4)  The Common Stock Purchase Warrant was issued by the Issuer to Stillwater Trust LLC as additional consideration for Stillwater Trust LLC entering into an unsecured debt financing arrangement with Issuer whereby Issuer may borrow up to $5 million on certain terms and conditions.
(5)  The Common Stock Purchase Warrant was acquired as part of an underwritten offering in which Stillwater Trust LLC purchased 100,000 shares of Common Stock.
(6)  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 $0.75 per share.
(7)  The Common Stock Warrants have an exercise price of $2.60 per share, are currently exercisable and expire on February 14, 2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
STILLWATER HOLDINGS LLC
654 MADISON AVENUE
9TH FLOOR
NEW YORK, NY 10065
X


Signatures
/s/ Mortimer D. A. Sackler, President 5/26/2017
** Signature of Reporting Person Date


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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
eMagin (AMEX:EMAN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more eMagin Charts.
eMagin (AMEX:EMAN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more eMagin Charts.