Ben Harris - May 11, 2021 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Director
Signature
/s/ Stephanie Darling, Power of Attorney for Ben H. Harris
Stock symbol
SPE
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/12/2021, 05:04 PM
Previous filing
May 11, 2021
Next filing
Sep 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPE Common Stock Options Exercise +771 +7.53% 11K May 11, 2021 See Footnote F1, F4
holding SPE Common Stock 3.06K May 11, 2021 Direct

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 -400 -100% 0 May 11, 2021 Common Stock 771 $0.00 See Footnote F1, 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 11, 2021 the Reporting Person converted 400 shares of the Registrant's 3.50% Convertible Preferred Stock Series B into 771 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.