PHILLIP GOLDSTEIN - 07 Feb 2022 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
Issuer symbol
SPE
Transactions as of
07 Feb 2022
Transactions value $
$29,510
Form type
4
Filing time
09 Feb 2022, 16:00:53 UTC
Previous filing
28 Jan 2022
Next filing
07 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPE Common Stock Purchase $29.5K +2K +10.34% $14.76 21.4K 07 Feb 2022 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
holding SPE 2.75% Convertible Preferred Stock, Series C 9.37K 07 Feb 2022 Common Stock 11.4K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of 2.75% Convertible Preferred Stock, Series C ("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 1.2195 shares of common stock for each share of Preferred Stock held), subject to adjustment.
F2 The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to January 21, 2027.