Ben H. Harris - 05 May 2021 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Director
Signature
/s/ Stephanie Darling, Power of Attorney for Ben H. Harris
Issuer symbol
SPE
Transactions as of
05 May 2021
Net transactions value
$0
Form type
4
Filing time
11 May 2021, 09:01:04 UTC
Next filing
12 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPE Common Stock Options Exercise +346 +13% 3,061 05 May 2021 Direct F1
holding SPE Common Stock 10,243 05 May 2021 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPE 3.50% Convertible Preferred Stock Series B Options Exercise -180 -100% 0 05 May 2021 Common Stock 346 $0.000000 Direct F1, F2, F3
holding SPE 3.50% Convertible Preferred Stock Series B 400 05 May 2021 Common Stock 771 $0.000000 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 5, 2021 the Reporting Person converted 180 shares of the Registrant's 3.50% Convertible Preferred Stock Series B into 346 shares of the Registrant's common stock.
F2 The shares of Preferred Stock are convertible into common stock immediately upon issuance at the current conversion ratio of 1.9275 shares of common stock for each share of Preferred Stock held, subject to adjustment.
F3 If not converted prior, the shares of Preferred Stock will be redeemed by the Registrant on August 19, 2021.
F4 Hormel Harris Investments, LLC.