Filing Details

Accession Number:
0000921895-18-002836
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-10-23 17:59:04
Reporting Period:
2018-10-19
Accepted Time:
2018-10-23 17:59:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
724571 Freds Inc FRED Retail-Variety Stores (5331) 620634010
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1616882 Alden Global Capital Llc 885 Third Avenue, 34Th Floor
New York NY 10022
No No Yes No
1688150 Strategic Investment Opportunities Llc 885 Third Avenue, 34Th Floor
New York NY 10022
No No Yes No
1693074 Heath Freeman 885 Third Avenue, 34Th Floor
New York NY 10022
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2018-10-19 950,000 $3.08 11,375,000 No 4 P Indirect By Strategic Investment Opportunities LLC
Class A Common Stock Acquisiton 2018-10-23 195,000 $2.72 11,570,000 No 4 P Indirect By Strategic Investment Opportunities LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Strategic Investment Opportunities LLC
No 4 P Indirect By Strategic Investment Opportunities LLC
Footnotes
  1. This Form 4 is filed jointly by Strategic Investment Opportunities LLC ("Opportunities"), Alden Global Capital LLC ("Alden") and Heath Freeman (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Class A Common Stock ("Common Stock"). Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose.
  2. Shares of Common Stock owned directly by Opportunities. Alden, as the investment manager of Opportunities, may be deemed to beneficially own the shares of Common Stock owned directly by Opportunities. Mr. Freeman, as President of Alden, may be deemed to beneficially own the shares of Common Stock owned directly by Opportunities.