4//SEC Filing
SPECIAL OPPORTUNITIES FUND, INC. 4
Accession 0001144204-16-123581
$SPECIK 0000897802other
Filed
Sep 11, 8:00 PM ET
Accepted
Sep 12, 3:45 PM ET
Size
13.7 KB
Accession
0001144204-16-123581
Insider Transaction Report
Form 4
HARRIS BEN H
Director
Transactions
- Exercise of In-Money
Subscription Rights (right to buy)
2016-08-26−180→ 0 totalExercise: $25.00From: 2016-07-21Exp: 2016-08-26→ 3.50% Convertible preferred Stock, Series B (180 underlying) - Exercise of In-Money
Subscription Rights (right to buy)
2016-08-26−400→ 0 total(indirect: See footnote)Exercise: $25.00From: 2016-07-21Exp: 2016-08-26→ 3.50% Convertible preferred Stock, Series B (400 underlying) - Exercise of In-Money
3.50% Convertible preferred Stock, Series B
2016-09-08$25.00/sh+180$4,500→ 580 totalExercise: $0.00→ Common Stock (236 underlying) - Exercise of In-Money
3.50% Convertible preferred Stock, Series B
2016-09-08$25.00/sh+400$10,000→ 580 total(indirect: See footnote)Exercise: $0.00→ Common Stock (526 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.
- [F2]The rights offering expired August 26, 2016 and shares of Preferred Stock were received September 8, 2016
- [F3]Hormel Harris Investments, LLC
- [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 11, 8:00 PM ET
- Accepted
- Sep 12, 3:45 PM ET
- Size
- 13.7 KB