Business

Eddie Lampert Bought $56.M In Sears Holdings (SHLD)

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
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

 

1. Name and Address of Reporting Person*

LAMPERT EDWARD S
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol

SEARS HOLDINGS CORP [ SHLD ]

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
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)

Form filed by One Reporting Person
X Form filed by More than One Reporting Person

 

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 25,560,356 D (3) (4) (5) (6)
Common Stock, par value $0.01 per share 21,992,640 I See Footnotes (3) (4) (5) (6) (11)
Common Stock, par value $0.01 per share 10,230 I See Footnotes (3) (4) (5) (6) (12)
Common Stock, par value $0.01 per share 747 I See Footnotes (3) (4) (5) (6) (13)

 

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

 

 

1. Name and Address of Reporting Person*

LAMPERT EDWARD S
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

ESL PARTNERS, L.P.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

SPE I Partners, L.P.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

SPE Master I, L.P.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

RBS PARTNERS, L.P.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

ESL INSTITUTIONAL PARTNERS, L.P.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

RBS INVESTMENT MANAGEMENT, L.L.C.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

CRK PARTNERS LLC
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)
1. Name and Address of Reporting Person*

ESL INVESTMENTS, INC.
(Last) (First) (Middle)

 

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FL 33154
(City) (State) (Zip)

 

Eddie Lampert Bought $56.M In Sears Holdings (SHLD)