Marc Lunder - Jun 23, 2021 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Director
Signature
/s/ Stephanie Darling, Power of Attorney for Marc Lunder
Stock symbol
SPE
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
4
Date filed
6/29/2021, 10:52 AM
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPE Common Stock Options Exercise +1.37K +39.11% 4.87K Jun 23, 2021 By SEP IRA F1
transaction SPE Common Stock Options Exercise +1.29K +39.09% 4.59K Jun 23, 2021 By Roth IRA F1

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 -700 -100% 0 Jun 23, 2021 Common Stock 1.37K $0.00 By SEP IRA F1, F2, F3
transaction SPE 3.50% Convertible Preferred Stock Series B Options Exercise -660 -100% 0 Jun 23, 2021 Common Stock 1.29K $0.00 By Roth IRA F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 23, 2021 the Reporting Person converted: (i) 700 shares of the Registrant's 3.50% Convertible Preferred Stock Series B held in the Reporting Person's SEP IRA into 1,369 shares of the Registrant's common stock and (ii) 660 shares of the Registrant's 3.50% Convertible Preferred Stock Series B held in the Reporting Person's Roth IRA into 1,290 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 1.9558 shares of common stock for each share of Preferred Stock held, subject to adjustment.
F3 The Issuer has announced that, if not converted prior, the shares of Preferred Stock will be redeemed by the Issuer on July 9, 2021.