SEC Form 4 · accession 0001140361-17-043623
FREDS INC · FRED
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heath Freeman
Director · 10% Owner
Period of report
Sep 5, 2017
Accepted (ET)
Nov 22, 2017 · 9:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724571
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Sep 5, 2017 | A | 59,028 | $5.76 | A | 59,028 | D | |
| Class A Common StockF2 | holding | — | — | — | 9,275,000 | I | By Strategic Investment Opportunities LLC |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Awarded restricted stock which vests upon retirement from the Board of Directors.
- F2Shares of Common Stock owned directly by Strategic Investment Opportunities LLC ("Opportunities"). The Reporting Person, solely by virtue of his position as the President of Alden Global Capital LLC, the investment manager of Opportunities, may be deemed to beneficially own the shares directly held by Opportunities for purposes of Section 16. The Reporting Person expressly disclaims beneficial ownership of such shares of Common Stock except to the extent of his pecuniary interest therein.