4//SEC Filing
WALDEN CHARLES C 4
Accession 0001104659-22-009088
CIK 0000897802other
Filed
Jan 27, 7:00 PM ET
Accepted
Jan 28, 5:20 PM ET
Size
8.0 KB
Accession
0001104659-22-009088
Insider Transaction Report
Form 4
WALDEN CHARLES C
Director
Transactions
- Exercise of In-Money
2.75% Convertible Preferred Stock, Series C
2022-01-27$25.00/sh+2,000$50,000→ 2,000 totalExercise: $0.00→ Common Stock (2,438 underlying)
Holdings
- 30,285
Common Stock
Footnotes (4)
- [F1]Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of December 20, 2021 in connection with a rights offering by the Issuer at the rate of one Right for each five shares of common stock owned (the "Basic Subscription Right"). Each Right entitled its holder to purchase one share of 2.75% Convertible Preferred Stock, Series C ("Preferred Stock") at a subscription price of $25 per share. Pursuant to the terms of the offering, a stockholder who purchased the maximum amount of Preferred Stock pursuant to its Basic Subscription Right was also entitled to purchase additional shares of Preferred Stock that were not purchased by the other stockholders (the "Over-Subscription Privilege"). Additionally, in order to honor all Over-Subscription Privilege requests, the Issuer issued up to 1,500,000 additional shares of Preferred Stock to honor the Over-Subscription Privilege.
- [F2]The rights offering expired January 21, 2022 and shares of Preferred Stock are expected to be allocated by the transfer agent to purchasing stockholders on or about January 27, 2022.
- [F3]The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion rate equivalent to a conversion price of $20.50 per share of common stock (which is a ratio of 1.219 shares of common stock for each share of Preferred Stock held), subject to adjustment.
- [F4]The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.
Documents
Issuer
SPECIAL OPPORTUNITIES FUND, INC.
CIK 0000897802
Entity typeother
Related Parties
1- filerCIK 0001475052
Filing Metadata
- Form type
- 4
- Filed
- Jan 27, 7:00 PM ET
- Accepted
- Jan 28, 5:20 PM ET
- Size
- 8.0 KB