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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
724571	Freds Inc	FRED	Retail-Variety Stores (5331)	620634010

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1616882	Alden Global Capital Llc	885 Third Avenue New York NY 10022	No	No	Yes	No
1688150	Strategic Investment Opportunities Llc	885 Third Avenue New York NY 10022	No	No	Yes	No
1693074	Heath Freeman	885 Third Avenue 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	2018-10-29	845,000	$2.53	13,000,000	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

Footnotes

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.
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.