Phillip Goldstein - Dec 28, 2023 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Chairman and Secretary, Director
Signature
/s/ Stephanie Darling, as Power of Attorney for Phillip Goldstein
Stock symbol
SPE
Transactions as of
Dec 28, 2023
Transactions value $
-$112,764
Form type
4
Date filed
1/2/2024, 03:53 PM
Previous filing
Apr 25, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPE Common Stock Purchase $517 +44 +0.14% $11.75 30.5K Dec 28, 2023 Direct F1
transaction SPE Common Stock Purchase $15.5K +1.32K +4.32% $11.78 31.8K Dec 28, 2023 Direct 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 2.75% Convertible Preferred Stock, Series C Sale -$59.9K -2.62K -28% $22.85 6.75K Dec 28, 2023 Common Stock 3.58K $0.00 Direct F2, F3
transaction SPE 2.75% Convertible Preferred Stock, Series C Sale -$68.9K -3.01K -44.59% $22.90 3.74K Dec 29, 2023 Common Stock 4.1K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Form 4 previously filed by the reporting person on 2/7/2023 inadvertently overstated both the acquisition amount (in column 4 of Table I) and total amount (in column 5 of Table I) by 1,000 shares, which error was carried forward in subsequent Form 4s filed by the reporting person. Shares reported here reflect accurate holdings.
F2 The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion ratio which is subject to adjustment. The current conversion ratio is equal to 1.3634 shares of common stock for each share of Preferred Stock held.
F3 The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.