PHILLIP GOLDSTEIN - 15 Oct 2024 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
15 Oct 2024
Transactions value $
$-14,523
Form type
4
Filing time
16 Oct 2024, 17:01:12 UTC
Previous filing
19 Aug 2024
Next filing
16 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPE Common Stock 31,822 15 Oct 2024 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 Sale $-14,523 -618 -16.5% $23.50 3,120 15 Oct 2024 Common Stock 888 $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 which is subject to adjustment. The current conversion ratio is equal to 1.4375 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.