PHILLIP GOLDSTEIN - 04 Jun 2021 Form 4 Insider Report for SPECIAL OPPORTUNITIES FUND, INC. (SPE)

Role
Chairman and Secretary, Director
Signature
/s/ Stephanie Darling, Power of Attorney for Phillip Goldstein
Issuer symbol
SPE
Transactions as of
04 Jun 2021
Net transactions value
-$1,423,376
Form type
4
Filing time
08 Jun 2021, 15:28:18 UTC
Previous filing
04 Jun 2021
Next filing
24 Jun 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 Sale $1,353,216 -88,330 -77% $15.32 26,417 04 Jun 2021 Direct F1
transaction SPE Common Stock Sale $154,300 -10,000 -38% $15.43 16,417 07 Jun 2021 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 3.50% Convertible Preferred Stock Series B Purchase $84,140 +2,800 $30.05 2,800 07 Jun 2021 Common Stock 5,436 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount includes certain shares previously held Indirectly by the Reporting Person's spouse.
F2 The shares of Preferred Stock are convertible into common stock immediately upon issuance at the current conversion rate equivalent to a conversion price of $15.48 per share of common stock (which is a ratio of 1.9416 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.