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
                                                                                  
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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 * Berman Seth 2. Issuer Name and Ticker or Trading Symbol ASTA FUNDING INC [ ASFI ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Secretary & General Counsel
(Last)         (First)         (Middle)
C/O ASTA FUNDING, INC., 210 SYLVAN AVE.
3. Date of Earliest Transaction (MM/DD/YYYY)
9/29/2020
(Street)
ENGLEWOOD CLIFFS, NJ 07632
(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

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
Stock Option (right to buy)  $7.63  9/29/2020    D        30000    (1) 12/15/2020  Common Stock  30000   (2) 0  D   
Stock Option (right to buy)  $7.77  9/29/2020    D        30000    (1) 12/13/2021  Common Stock  30000   (2) 0  D   
Stock Option (right to buy)  $9.57  9/29/2020    D        20000    (1) 12/18/2022  Common Stock  20000   (2) 0  D   
Stock Option (right to buy)  $8.49  9/29/2020    D        20000    (1) 12/12/2023  Common Stock  20000   (2) 0  D   

Explanation of Responses:
(1)  Options were fully exercisable as of September 29, 2020.
(2)  Pursuant to the Agreement and Plan of Merger, dated as of April 8, 2020 (as amended, the "Merger Agreement") among Asta Funding, Inc. (the "Company"), Asta Finance Acquisition Inc., and Asta Finance Acquisition Sub Inc., each tendered option was cancelled in exchange for the right to receive cash consideration equal to (a) the product of (i) the excess, if any, of $13.10 over the exercise price per share of the Company's common stock subject to such Company stock option multiplied by (ii) the total number of shares of the Company's common stock subject to such Company stock option, without interest, less (b) such amounts as are required to be withheld or deducted under applicable tax provisions.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Berman Seth
C/O ASTA FUNDING, INC.
210 SYLVAN AVE.
ENGLEWOOD CLIFFS, NJ 07632


Secretary & General Counsel

Signatures
/s/ Seth Berman 10/1/2020
**Signature of Reporting Person Date
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