4//SEC Filing
SEARS HOLDINGS CORP 4
Accession 0001181431-14-036958
CIK 0001310067operating
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 5:12 PM ET
Size
8.9 KB
Accession
0001181431-14-036958
Insider Transaction Report
Form 4
DePodesta Paul G.
Director
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−29→ 0 totalExercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (29 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+510→ 510 totalExercise: $28.41Exp: 2019-12-15→ Common Stock (510 underlying)
Footnotes (4)
- [F1]Additional units were subscribed for by the Reporting Person in the over-subscription privilege of the Rights Offering. Such over-subscription privilege is subject to proration and such proration was not finalized as of the date of this report. An amended Form 4 will be filed reporting the additional shares acquired by the Reporting Person under the over-subscription privilege when the allocation is finalized by the rights agent.
- [F2]Each subscription right entitles the holder thereof to purchase, at a subscription price of $500, one unit, consisting of (a) a 8% senior unsecured note due 2019 in the principal amount of $500 and (b) 17.5994 warrants, with each warrant entitling the holder thereof to purchase one share of the Company's common stock at a strike price of $28.41. The subscription rights were distributed in a pro rata rights offering to the holders of Sears Holdings Corporation common stock. No fractional warrants will be issued upon exercise of subscription rights.
- [F3]The warrants are exercisable immediately upon issuance. The rights offering is scheduled to expire on November 18, 2014, and the warrants are expected to be issued shortly thereafter.
- [F4]The reported securities are included within units purchased by the reporting person for $500 per unit. Each unit consists of (a) a 8% senior unsecured note due 2019 in the principal amount of $500 and (b) 17.5994 warrants, with each warrant entitling the holder thereof to purchase one share of the Company's common stock at a strike price of $28.41. No fractional warrants will be issued upon exercise of subscription rights.
Documents
Issuer
SEARS HOLDINGS CORP
CIK 0001310067
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001310067
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 5:12 PM ET
- Size
- 8.9 KB