Eddie Lampert bought $56.6 million in Sears Holdings (SHLD) stock from selling LP’s at $26.70 per share last week.
The short answer is that he bought out the holders of two liquidating partnerships, and those partnerships primarily hold SHLD, and it looks (about 95% sure) like this was Eddie and not his hedge fund doing the buying.
This will save them some time if you are gonna do a story:
They use the closing price for SHLD of $26.70 on June 30th:
From “SPE I Partners” purchased 998,326 shares for $26,655,304 (in a $34,120,906 million transaction)
From “SPE Master I” purchased 1,121,380 shares for $29,940,846 (in a $37,032,323 million transaction)
total of 2,119,706 for $56.6 million
H/T Viera UAE – Stock Market Trading Live
SEC Form 4
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 |
| OMB APPROVAL |
| OMB Number: |
3235-0287 |
| Estimated average burden |
| hours per response: |
0.5 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
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| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
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(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
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2. Issuer Name and Ticker or Trading Symbol
SEARS HOLDINGS CORP [ SHLD ]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
| X |
Director |
X |
10% Owner |
| X |
Officer (give title below) |
|
Other (specify below) |
| Chief Executive Officer |
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3. Date of Earliest Transaction (Month/Day/Year)
07/02/2015 |
| 4. If Amendment, Date of Original Filed (Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Form filed by One Reporting Person |
| X |
Form filed by More than One Reporting Person |
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| Table I – Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
| 1. Title of Security (Instr. 3) |
2. Transaction Date (Month/Day/Year) |
2A. Deemed Execution Date, if any (Month/Day/Year) |
3. Transaction Code (Instr. 8) |
4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code |
V |
Amount |
(A) or (D) |
Price |
| Common Stock, par value $0.01 per share |
07/02/2015 |
|
P |
|
22,519 |
A |
(1) |
1,501,241 |
I |
See Footnotes (2) (3) (4) (5) (6) |
| Common Stock, par value $0.01 per share |
07/02/2015 |
|
P |
|
77,337 |
A |
(7) |
1,933,413 |
I |
See Footnotes (3) (4) (5) (6) (8) |
| Common Stock, par value $0.01 per share |
07/02/2015 |
|
P |
|
975,807 |
A |
(9) |
1,501,241 |
I |
See Footnotes (2) (3) (4) (5) (6) |
| Common Stock, par value $0.01 per share |
07/02/2015 |
|
P |
|
1,044,043 |
A |
(10) |
1,933,413 |
I |
See Footnotes (3) (4) (5) (6) (8) |
| Common Stock, par value $0.01 per share |
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25,560,356 |
D (3) (4) (5) (6) |
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| Common Stock, par value $0.01 per share |
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21,992,640 |
I |
See Footnotes (3) (4) (5) (6) (11) |
| Common Stock, par value $0.01 per share |
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10,230 |
I |
See Footnotes (3) (4) (5) (6) (12) |
| Common Stock, par value $0.01 per share |
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|
747 |
I |
See Footnotes (3) (4) (5) (6) (13) |
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Table II – Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
|
| 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 Securities Underlying Derivative Security (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: 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 |
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|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
1. Name and Address of Reporting Person*
| ESL INSTITUTIONAL PARTNERS, L.P. |
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
1. Name and Address of Reporting Person*
| RBS INVESTMENT MANAGEMENT, L.L.C. |
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
| 1. Name and Address of Reporting Person*
| 1170 KANE CONCOURSE, SUITE 200 |
|
(Street)
| BAY HARBOR ISLANDS |
FL |
33154 |
|
