# EDGAR Filing Document

**Accession Number:** 0001491655
**File Stem:** 0001209191-23-004983
**Filing Date:** 2023-1
**Character Count:** 9102
**Document Hash:** cddfc3f52df7dd332fad9d6240368662
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-004983.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001209191-23-004983

**CONFORMED SUBMISSION TYPE**: 5

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Flynn Christopher J.
- **CENTRAL INDEX KEY:** 0001491655

**FILING VALUES:**
- **FORM TYPE:** 5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-23592
- **FILM NUMBER:** 23556648

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET 31ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Eagle Credit Opportunities Fund
- **CENTRAL INDEX KEY:** 0001818416
- **IRS NUMBER:** 851899053
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2126983300

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 5

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Flynn Christopher J.<br><sub>(Last) (First) (Middle)</sub><br>500 BOYLSTON STREET<br>SUITE 1250<br><sub>(Street)</sub><br>BOSTON, MA 02116<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-31 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_President of the Subadviser_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>First Eagle Credit Opportunities Fund [ FECOF ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Phantom Stock | <sup>(1)</sup> | 2021-03-31 |  | A |  | 8.581 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.581 | $26.16 | 8.581 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-04-01 |  | A |  | 1414.373 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 1414.373 | $26.16 | 1422.954 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-05-03 |  | A |  | 7.795 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 7.795 | $26.27 | 1430.749 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-05-28 |  | A |  | 12.109 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 12.109 | $26.22 | 1442.858 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-06-30 |  | A |  | 13.043 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 13.043 | $26.31 | 1455.901 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-07-30 |  | A |  | 11.823 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 11.823 | $26.28 | 1467.724 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-08-31 |  | A |  | 8.932 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.932 | $26.28 | 1476.656 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-09-30 |  | A |  | 8.66 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.66 | $26.40 | 1485.316 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-10-29 |  | A |  | 8.993 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.993 | $26.43 | 1494.309 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-11-30 |  | A |  | 8.711 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.711 | $26.36 | 1503.02 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-12-01 |  | A |  | 4.579 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 4.579 | $26.26 | 1507.599 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-12-29 |  | A |  | 8.074 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.074 | $26.14 | 1515.673 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2021-12-31 |  | A |  | 9.182 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 9.182 | $26.16 | 1524.855 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-01-31 |  | A |  | 9.278 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 9.278 | $26.13 | 1534.133 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-02-28 |  | A |  | 8.239 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.239 | $25.96 | 1542.372 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-03-31 |  | A |  | 8.962 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.962 | $25.84 | 1551.334 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-04-01 |  | D |  |  | 15.714 | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 15.714 | $25.85 | 1535.62 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-04-29 |  | A |  | 8.506 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 8.506 | $25.66 | 1544.126 | D |  |
| Phantom Stock | <sup>(1)</sup> | 2022-05-31 |  | A |  | 9.073 |  | <sup>(1)</sup> | <sup>(1)</sup> | Common Shares | 9.073 | $24.91 | 1553.199 | D |  |

---

### Footnotes:

(1) Each share of phantom stock represents the economic equivalent of one Common Share. The Reporting Person acquired these shares of phantom stock through the deferred compensation program of the Issuers investment adviser (the "Program"). Given certain operational considerations, this investment option is no longer an option under the Program, and such interest has been reallocated to other investment options in the Program not involving Common Shares.

**Remarks:**
This Form 5 is being filed to correctly report the separate acquisitions and dispositions of phantom stock by the Reporting Person under the Program, which had previously been reported as a single net acquisition by the Reporting Person on April 1, 2021, in the Form 4 filed by the Reporting Person on June 17, 2022.

**Signature:** /s/Sabrina Rusnak-Carlson as Attorney-in-Fact  
**Date:** 2023-01-26

### Remarks:

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 Number.**