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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
897802	Special Opportunities Fund Inc.	SPE	(0)	133702911

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1561169	Steven Samuels	72 Coleytown Road Westport CT 06882		No	No	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-09-17	1,000	$15.77	3,360	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
3.00% Conv. Preferred Stock Series A	Subscription Rights(rights to buy)	Disposition	2012-07-30	165	$0.00	165	$50.00
Common Stock	3.00% conv. preferred Stock series A	Acquisiton	2012-07-30	400	$50.00	1,200	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-06-15	2012-07-23	No	4	X	Direct
400			No	4	X	Direct

Footnotes

Transferable subscription rights ("Rights") were issued on a pro rata basis to stockholders of record as of June 15, 2012 in connection with a rights offering by the Issuer, at the rate of one Right for each ten shares of common stock owned (the "Basic Subscription Right"). Each Right entitled its holder to purchase one share of 3.00% Convertible Preferred Stock, Series A ("Preferred Stock") at a subscription price of $50 per share. Pursuant to the terms of the offering, a stockholder who elected to purchase the maximum amount of Preferred Stock that such stockholder was entitled to purchase pursuant to its Basic Subscription Right was also entitled to purchase additional shares of Preferred Stock that were not purchased by the other stockholders pursuant to their Basic Subscription Rights (the "Over-Subscription Privilege").
The rights offering expired on July 23, 2012 and shares of Preferred Stock were allocated by the transfer agent to purchasing stockholders on or about July 30, 2012.
Includes shares of Preferred Stock acquired pursuant to the exercise of the Over-Subscription Privilege.
The shares of Preferred Stock are convertible into common stock immediately upon issuance at the ratio of three shares of common stock for every one share of Preferred Stock, subject to adjustment
The shares of Preferred Stock will be redeemed by the Issuer if not converted prior to July 24, 2017.