Samuels Steven 4
4 · SPECIAL OPPORTUNITIES FUND, INC. · Filed Nov 16, 2012
Insider Transaction Report
Form 4
Samuels Steven
Other
Transactions
- Exercise of In-Money
3.00% conv. preferred Stock series A
2012-07-30$50.00/sh+400$20,000→ 400 totalExercise: $0.00→ Common Stock (1,200 underlying) - Purchase
Common Stock
2012-09-17$15.77/sh+1,000$15,772→ 3,360 total - Exercise of In-Money
Subscription Rights(rights to buy)
2012-07-30−165→ 0 totalExercise: $50.00From: 2012-06-15Exp: 2012-07-23→ 3.00% conv. preferred stock series A (165 underlying)
Footnotes (5)
- [F1]Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of June 15, 2012 in connection with a rights offering by the Issuer, at the rate of one Right for each ten shares of common stock owned (the "Basic Subscription Right"). Each Right entitled its holder to purchase one share of 3.00% Convertible Preferred Stock, Series A ("Preferred Stock") at a subscription price of $50 per share. Pursuant to the terms of the offering, a stockholder who elected to purchase the maximum amount of Preferred Stock that such stockholder was entitled to purchase pursuant to its Basic Subscription Right was also entitled to purchase additional shares of Preferred Stock that were not purchased by the other stockholders pursuant to their Basic Subscription Rights (the "Over-Subscription Privilege").
- [F2]The rights offering expired on July 23, 2012 and shares of Preferred Stock were allocated by the transfer agent to purchasing stockholders on or about July 30, 2012.
- [F3]Includes shares of Preferred Stock acquired pursuant to the exercise of the Over-Subscription Privilege.
- [F4]The shares of Preferred Stock are convertible into common stock immediately upon issuance at the ratio of three shares of common stock for every one share of Preferred Stock, subject to adjustment
- [F5]The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to July 24, 2017.