JPP II, LLC 3
3 · SEARS HOLDINGS CORP · Filed Mar 22, 2018
Insider Transaction Report
Form 3
JPP II, LLC
10% Owner
Holdings
Second Lien Term Loan
From: 2018-03-20Exp: 2020-07-20→ Common Stock, par value $0.01 per share (18,813,200 underlying)
Footnotes (3)
- [F1]The obligations of Sears Holdings Corporation (the "Issuer") with respect to the Second Lien Term Loan may be converted into shares of common stock of the Issuer, par value $0.01 per share ("Shares"), at the option of JPP II, LLC at a conversion rate of 200 Shares per $1,000 in principal amount of indebtedness outstanding under the Second Lien Term Loan (subject to adjustment).
- [F2]This Form 3 is being concurrently filed with a Form 4 filing by the reporting person and certain of its affiliates that discloses and describes the acquisition of the securities covered by this statement.
- [F3]The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such persons in such securities.