SEARS HOLDINGS CORP 4
4 · SEARS HOLDINGS CORP · Filed Nov 20, 2014
Insider Transaction Report
Form 4
Kunkler William Charles III
Director
Transactions
- Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−272→ 0 totalExercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (272 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+4,787.037→ 4,787.037 totalExercise: $28.41Exp: 2019-12-15→ Common Stock (4,787.037 underlying) - Exercise/Conversion
Subscription Rights (right to buy)
2014-11-18−18→ 0 total(indirect: See ftn.)Exercise: $500.00From: 2014-11-03Exp: 2014-11-18→ Units consisting of Notes and Warrants (18 underlying) - Exercise/Conversion
Common Stock Warrants (right to buy)
2014-11-18+316.789→ 316.789 total(indirect: See ftn.)Exercise: $28.41Exp: 2019-12-15→ Common Stock (316.789 underlying)
Footnotes (4)
- [F1]Each subscription right entitles the holder thereof to purchase, at a subscription price of $500, one unit, consisting of: (a) an 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 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) an 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]Owned by Reporting Person's spouse.