Key facts
- This page summarizes Marc Lunder's Form 4 filing for SPECIAL OPPORTUNITIES FUND, INC. (SPE).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 28 Jan 2022, 16:22.
Marc Lunder - 27 Jan 2022 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)
- Reporting relationship
- Director
- Issuer ticker
- SPE
- Reported as of
- 27 Jan 2022
- Net transaction value
- +$25,000
- SEC form
- 4
- Accepted by SEC
- 28 Jan 2022, 16:22:48 UTC
- Prior SEC filing
- 29 Jun 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Stephanie Darling, as Power of Attorney for Marc Lunder
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Marc Lunder filed Form 4 for SPECIAL OPPORTUNITIES FUND, INC. (SPE) on 28 Jan 2022.
Change
- Previous filing in this sequence was filed on 29 Jun 2021.
- Current net transaction value: +$25,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SPE
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,869
- Date
- 27 Jan 2022
- Ownership
- By SEP IRA
SPE
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 4,590
- Date
- 27 Jan 2022
- Ownership
- By Roth IRA
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SPE
transaction
Derivative
2.75% Convertible Preferred Stock, Series C
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $25,000
- Shares
- +1,000
- Change %
- Price
- $25.00
- Shares after
- 1,000
- Date
- 27 Jan 2022
- Ownership
- By Roth IRA
- Underlying class
- Common Stock
- Underlying amount
- 1,219
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of December 20, 2021 in connection with a rights offering by the Issuer at the rate of one Right for each five shares of common stock owned (the "Basic Subscription Right"). Each Right entitled its holder to purchase one share of 2.75% Convertible Preferred Stock, Series C ("Preferred Stock") at a subscription price of $25 per share. Pursuant to the terms of the offering, a stockholder who purchased the maximum amount of Preferred Stock pursuant to its Basic Subscription Right was also entitled to purchase additional shares of Preferred Stock that were not purchased by the other stockholders (the "Over-Subscription Privilege"). Additionally, in order to honor all Over-Subscription Privilege requests, the Issuer issued up to 1,500,000 additional shares of Preferred Stock to honor the Over-Subscription Privilege.
Footnote F2
The rights offering expired January 21, 2022 and shares of Preferred Stock are expected to be allocated by the transfer agent to purchasing stockholders on or about January 27, 2022.
Footnote F3
The shares of Preferred Stock are convertible into common stock immediately upon issuance at a conversion rate equivalent to a conversion price of $20.50 per share of common stock (which is a ratio of 1.219 shares of common stock for each share of Preferred Stock held), subject to adjustment.
Footnote F4
The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.