Andrew Dakos - 09 Jul 2021 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
President, Director
Signature
/s/ Stephanie Darling, Power of Attorney for Andrew Dakos
Issuer symbol
SPE
Transactions as of
09 Jul 2021
Net transactions value
$0
Form type
4
Filing time
14 Jul 2021, 13:58:31 UTC
Previous filing
10 May 2021
Next filing
15 Sep 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 +6,257 +106% 12,178 09 Jul 2021 Direct F3
transaction SPE Common Stock Options Exercise +1,889 +44% 6,225 09 Jul 2021 By Spouse F1, F4
transaction SPE Common Stock Options Exercise +303 +48% 936 09 Jul 2021 By Minor Children F2, F5

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 -3,200 -100% 0 09 Jul 2021 Common Stock 6,257 $0.000000 Direct F3, F6, F7
transaction SPE 3.50% Convertible Preferred Stock Series B Options Exercise -966 -100% 0 09 Jul 2021 Common Stock 1,889 $0.000000 By Spouse F1, F4, F6, F7
transaction SPE 3.50% Convertible Preferred Stock Series B Options Exercise -156 -100% 0 09 Jul 2021 Common Stock 303 $0.000000 By Minor Children F2, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person disclaims beneficial ownership of the securities owned by his spouse and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
F2 The Reporting Person disclaims beneficial ownership of the securities owned by his minor children and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.
F3 On July 9, 2021 the Reporting Person converted 3,200 shares of the Registrant's 3.50% Convertible Preferred Stock Series B into 6,257 shares of the Registrant's common stock.
F4 On July 9, 2021 966 shares of the Registrant's 3.50% Convertible Preferred Stock Series B owned by the Reporting Person's spouse were converted into 1,889 shares of the Registrant's common stock.
F5 On July 9, 2021 156 shares of the Registrant's 3.50% Convertible Preferred Stock Series B owned by the Reporting Person's minor children were converted into 303 shares of the Registrant's common stock.
F6 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.
F7 The Issuer has announced that, if not converted prior, the shares of Preferred Stock will be redeemed by the Issuer on July 9, 2021.