4//SEC Filing
SPECIAL OPPORTUNITIES FUND, INC. 4
Accession 0001144204-16-122869
$SPECIK 0000897802other
Filed
Sep 5, 8:00 PM ET
Accepted
Sep 6, 3:22 PM ET
Size
10.1 KB
Accession
0001144204-16-122869
Insider Transaction Report
Form 4
WALDEN CHARLES C
Director
Transactions
- Exercise of In-Money
Subscription Rights (right to buy)
2016-08-26−5,000→ 0 totalExercise: $25.00From: 2016-07-21Exp: 2016-08-26→ 3.50% Convertible Preferred Stock, Series B (5,000 underlying) - Exercise of In-Money
3.50% Convertible Preferred Stock, Series B
2016-08-26$25.00/sh+5,000$125,000→ 5,000 totalExercise: $0.00→ Common Stock (6,579 underlying)
Footnotes (5)
- [F1]Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of July 21, 2016 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 3.50% Convertible Preferred Stock, Series B ("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 additional shares up to 15% of the shares available in the offering (the "Over-Allotment Privilege").
- [F2]The rights offering expired August 26, 2016 and shares of Preferred Stock are expected to be allocated by the transfer agent to purchasing stockholders on or about September 1, 2016.
- [F3]Includes shares of Preferred Stock acquired pursuant to the exercise of the Over-Subscription Privilege and Over-Allotment Privilege.
- [F4]The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion rate equivalent to a conversion price of $19.00 per share of common stock (which is a ratio of 1.3158 shares of common stock for each share of Preferred Stock held), subject to adjustment.
- [F5]The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to August 26, 2021.
Documents
Issuer
SPECIAL OPPORTUNITIES FUND, INC.
CIK 0000897802
Entity typeother
IncorporatedMD
Related Parties
1- filerCIK 0000897802
Filing Metadata
- Form type
- 4
- Filed
- Sep 5, 8:00 PM ET
- Accepted
- Sep 6, 3:22 PM ET
- Size
- 10.1 KB