Charles C. Walden - 28 Dec 2023 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Director
Signature
/s/ Stephanie Darling, as Power of Attorney for Charles Walden
Issuer symbol
SPE
Transactions as of
28 Dec 2023
Net transactions value
+$23,077
Form type
4
Filing time
02 Jan 2024, 15:54:16 UTC
Previous filing
07 Apr 2022
Next filing
21 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPE Common Stock 25,271 28 Dec 2023 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 2.75% Convertible Preferred Stock, Series C Purchase $22,850 +1,000 +50% $22.85 3,000 28 Dec 2023 Common Stock 1,363 $0.000000 Direct F1, F2
transaction SPE 2.75% Convertible Preferred Stock, Series C Purchase $227 +10 +0.33% $22.70 3,010 29 Dec 2023 Common Stock 14 $0.000000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion ratio that is subject to adjustment. The current conversion ratio is equal to 1.3634 shares of common stock for each share of Preferred Stock held.
F2 The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.