SEARS HOLDINGS CORP 4
4 · SEARS HOLDINGS CORP · Filed Nov 20, 2014
Insider Transaction Report
Form 4
MNUCHIN STEVEN T
Director
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−2→ 0 total(indirect: Custodial Account)Exercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (2 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−220→ 0 totalExercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (220 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+3,871→ 3,871 totalExercise: $28.41Exp: 2019-12-15→ Common Stock (3,871 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−2→ 0 total(indirect: Custodial Account)Exercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (2 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+35→ 35 total(indirect: Custodial Account)Exercise: $28.41Exp: 2019-12-15→ Common Stock (35 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−93→ 0 total(indirect: By Trust)Exercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (93 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+1,636→ 1,636 total(indirect: By Trust)Exercise: $28.41Exp: 2019-12-15→ Common Stock (1,636 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−2→ 0 total(indirect: By Trust)Exercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (2 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+35→ 35 total(indirect: By Trust)Exercise: $28.41Exp: 2019-12-15→ Common Stock (35 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+35→ 35 total(indirect: Custodial Account)Exercise: $28.41Exp: 2019-12-15→ Common Stock (35 underlying)
Footnotes (7)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]The reported securities are held by a family custodial account, Heather Mnuchin as custodian for Dylan Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family.
- [F5]The reported securities are held by the Steven T. Mnuchin 2002 Family Trust, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family.
- [F6]The reported securities are held by a family trust, Robert Mnuchin Trustee fbo Emma Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family.
- [F7]The reported securities are held by a family custodial account, Heather Mnuchin as custodian for John Player Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family.