13D Filing: Fairholme (FAIRX) and Sears Canada Inc. (SRSCQ)

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CUSIP No. 81234D109
Item 1. Security and Issuer.
No material changes from the Schedule 13D filed by the Reporting Persons on November 30, 2016.
Item 2. Identity and Background.
No material changes from the Schedule 13D filed by the Reporting Persons on November 30, 2016.
Item 3. Source and Amount of Funds or Other Consideration.
No material changes from the Schedule 13D filed by the Reporting Persons on November 30, 2016.
Item 4. Purpose of Transaction.
No material changes from the Schedule 13D filed by the Reporting Persons on August
8, 2017.
Item 5. Interest in Securities of the Issuer.

(a-e) As of the
date hereof, Fairholme may be deemed to be the beneficial owner of 16,898,877 Shares (16.6%) of the Issuer, based upon the 101,877,662
Shares outstanding as of June 13, 2017, according to the Issuer. Fairholme has the sole power to vote or direct the vote of 0 Shares,
Fairholme has the shared power to vote or direct the vote of 15,545,093 Shares, Fairholme has the sole power to dispose or direct
the disposition of 0 Shares and Fairholme has the shared power to dispose or direct the disposition of 16,898,877 Shares to which
this filing relates.

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