|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Subscription Rights (right to buy) | $ 500 | 11/18/2014 | M | 220 | 11/03/2014 | 11/18/2014 | Units consisting of Notes and Warrants (1) | 220 | $ 0 | 0 | D | ||||
| Common Stock Warrants (right to buy) | $ 28.41 | 11/18/2014 | M | 3,871 | (2) | 12/15/2019 | Common Stock | 3,871 | (3) | 3,871 | D | ||||
| Subscription Rights (right to buy) | $ 500 | 11/18/2014 | M | 2 | 11/03/2014 | 11/18/2014 | Units consisting of Notes and Warrants (1) | 2 | $ 0 | 0 | I | Custodial Account (4) | |||
| Common Stock Warrants (right to buy) | $ 28.41 | 11/18/2014 | M | 35 | (2) | 12/15/2019 | Common Stock | 35 | (3) | 35 | I | Custodial Account (4) | |||
| Subscription Rights (right to buy) | $ 500 | 11/18/2014 | M | 93 | 11/03/2014 | 11/18/2014 | Units consisting of Notes and Warrants (1) | 93 | $ 0 | 0 | I | Trust (5) | |||
| Common Stock Warrants (right to buy) | $ 28.41 | 11/18/2014 | M | 1,636 | (2) | 12/15/2019 | Common Stock | 1,636 | (3) | 1,636 | I | Trust (5) | |||
| Subscription Rights (right to buy) | $ 500 | 11/18/2014 | M | 2 | 11/03/2014 | 11/18/2014 | Units consisting of Notes and Warrants (1) | 2 | $ 0 | 0 | I | Trust (6) | |||
| Common Stock Warrants (right to buy) | $ 28.41 | 11/18/2014 | M | 35 | (2) | 12/15/2019 | Common Stock | 35 | (3) | 35 | I | Trust (6) | |||
| Subscription Rights (right to buy) | $ 500 | 11/18/2014 | M | 2 | 11/03/2014 | 11/18/2014 | Units consisting of Notes and Warrants (1) | 2 | $ 0 | 0 | I | Custodial Account (7) | |||
| Common Stock Warrants (right to buy) | $ 28.41 | 11/18/2014 | M | 35 | (2) | 12/15/2019 | Common Stock | 35 | (3) | 35 | I | Custodial Account (7) | |||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| MNUCHIN STEVEN T C/O ONEWEST BANK 888 E WALNUT ST 6TH FLOOR PASADENA, CA 91101 |
X | |||
| /s/ Deann M. Bogner, as attorney-in-fact | 11/20/2014 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Each subscription right entitles the holder thereof to purchase, at a subscription price of $500, one unit, consisting of (a) a 8% senior unsecured note due 2019 in the principal amount of $500 and (b) 17.5994 warrants, with each warrant entitling the holder thereof to purchase one share of the Company's common stock at a strike price of $28.41. The subscription rights were distributed in a pro rata rights offering to the holders of Sears Holdings Corporation common stock. No fractional warrants will be issued upon exercise of subscription rights. |
| (2) | The warrants are exercisable immediately upon issuance. The rights offering is scheduled to expire on November 18, 2014, and the warrants are expected to be issued shortly thereafter. |
| (3) | The reported securities are included within units purchased by the reporting person for $500 per unit. Each unit consists of (a) a 8% senior unsecured note due 2019 in the principal amount of $500 and (b) 17.5994 warrants, with each warrant entitling the holder thereof to purchase one share of the Company's common stock at a strike price of $28.41. No fractional warrants will be issued upon exercise of subscription rights. |
| (4) | The reported securities are held by a family custodial account, Heather Mnuchin as custodian for Dylan Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family. |
| (5) | The reported securities are held by the Steven T. Mnuchin 2002 Family Trust, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family. |
| (6) | The reported securities are held by a family trust, Robert Mnuchin Trustee fbo Emma Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family. |
| (7) | The reported securities are held by a family custodial account, Heather Mnuchin as custodian for John Player Mnuchin, the beneficial interests of which are owned by members of Mr. Mnuchin's immediate family. |