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Filing Details

Accession Number:: 0000919574-17-008236
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-16 16:59:21
Reporting Period:: 2017-11-14

Accepted Time:: 2017-11-16 16:59:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1310067	Sears Holdings Corp	SHLD	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1214344	R Bruce Berkowitz	C/O Fairholme Capital Management, L.l.c. 4400 Biscayne Boulevard, 9Th Floor Miami FL 33137		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares, $.01 Par Value	Disposition	2017-11-14	398,900	$3.85	24,312,964	No	4	S	Indirect	See Footnote
Common Shares, $.01 Par Value	Disposition	2017-11-14	63,100	$3.85	24,249,864	No	4	S	Indirect	See Footnote
Common Shares, $.01 Par Value	Disposition	2017-11-14	248,782	$0.00	24,001,082	No	4	J	Indirect	See Footnote
Common Shares, $.01 Par Value	Acquisiton	2017-11-14	248,782	$0.00	24,249,864	No	4	J	Indirect	See Footnote
Common Shares, $.01 Par Value	Disposition	2017-11-14	255,502	$0.00	23,994,362	No	4	J	Indirect	See Footnote
Common Shares, $.01 Par Value	Acquisiton	2017-11-14	255,502	$0.00	24,249,864	No	4	J	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote
No	4	J	Indirect	See Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01	Warrants to Purchase Common Stock, par value $0.01	Disposition	2017-11-14	3,900	$0.00	4,329	$25.69
Common Stock, Par Value $0.01	Warrants to Purchase Common Stock, par value $0.01	Acquisiton	2017-11-14	3,900	$0.00	4,329	$25.69
Common Stock, Par Value $0.01	Warrants to Purchase Common Stock, par value $0.01	Disposition	2017-11-14	69,481	$0.00	77,123	$25.69
Common Stock, Par Value $0.01	Warrants to Purchase Common Stock, par value $0.01	Acquisiton	2017-11-14	69,481	$0.00	77,123	$25.69

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,111,787	2014-11-18	2019-12-15	No	4	J	Indirect
5,115,687	2014-11-18	2019-12-15	No	4	J	Indirect
5,046,206	2014-11-18	2019-12-15	No	4	J	Indirect
5,115,687	2014-11-18	2019-12-15	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares, $.01 Par Value	799,516	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock, Par Value $0.01	Warrants to Purchase Common Stock, par value $0.01	$25.69	2014-11-18	2019-12-15	0	825,146	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2019-12-15	0	825,146	Direct

Footnotes

The reported securities were directly owned by The Fairholme Fund, a series of Fairholme Funds, Inc. (the "Fairholme Fund"), managed indirectly by Mr. Bruce R. Berkowitz (the "Reporting Person"). The Reporting Person disclaims beneficial ownership in the Fairholme Fund except to the extent of his pecuniary interest, if any, therein.
The securities may be deemed to be beneficially owned by the Reporting Person because he controls the sole member of a registered investment adviser, which may be deemed to have beneficial ownership of the securities because it serves as the investment manager to separate series of a registered investment company and managed accounts. The Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
The reported securities were directly owned by The Fairholme Allocation Fund, a series of Fairholme Funds, Inc. (the "Allocation Fund"), managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the Allocation Fund except to the extent of his pecuniary interest, if any, therein.
Represents a redemption in-kind of the reported securities from the Fairholme Fund to account(s) managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the Fairholme Fund except to the extent of his pecuniary interest, if any, therein. The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).
Represents a redemption in-kind of the reported securities from the Allocation Fund to account(s) managed indirectly by the Reporting Person. The Reporting Person disclaims beneficial ownership in the Allocation Fund except to the extent of his pecuniary interest, if any, therein. The Reporting Person does not have any direct or indirect pecuniary interest in the managed account(s) because the Reporting Person (i) does not receive any incentive compensation from the managed account(s) and (ii) does not have a direct or indirect interest in the managed account(s).