SCHEDULE 13D
CUSIP No. 583928106
This Amendment No. 15 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 166,428 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. Mursteins spouse were purchased with approximately $998,539 of personal funds; the 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 $365,852 of funds of the Trust.
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER.
Items 5(a) and 5(c) are hereby amended and restated in their entirety as follows:
(a) As of the close of business on March 21, 2019, Mr. Murstein was the beneficial owner of 1,627,388
shares. Such shares constituted approximately 6.66% of 24,433,178 shares of Common Stock outstanding as reported in the Companys Annual Report on
Form 10-K
for the fiscal year ended
December 31, 2018.
(c) Mr. Murstein has affected the following transaction in the Common Stock during
the last sixty days:
On March 21, 2019 Mr. Murstein received 16,031 restricted shares of Common Stock awarded under the
Medallion Financial Corp. 2018 Equity Incentive Plan which will vest in equal
one-fourth
increments on February 14, 2020, February 14, 2021, February 14, 2022 and February 14, 2023.