13D Filing: Fairholme (FAIRX) and SEARS CANADA INC COM NPV (SRSCQ)

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CUSIP No.
81234D109
1.
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Fairholme Capital Management, L.L.C.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
[__]
(b)
[X]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS*
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
17,087,893
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
[_]
21,125,096
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,125,0961
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.7%
14.
TYPE OF REPORTING PERSON*
IA



1 The Reporting Persons and ESL (as defined in Item 4) may be deemed part of a group within the meaning of Section 13(d) of the Exchange Act as a result of the Joint Representation described in Item 4. Accordingly, the Reporting Persons and ESL may collectively beneficially own 67,630,571 Shares, representing approximately 66.4% of the 101,877,662 Shares outstanding as of June 13, 2017, according to the Issuer. Shares listed as beneficially owned by the Reporting Persons exclude Shares held by ESL, as to which the Reporting Persons disclaim beneficial ownership. The Reporting Persons disclaim the existence of a group with ESL and the filing of this Schedule 13D shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, a group with ESL.

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