SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
SPE I Partners, L.P.

(Last) (First) (Middle)
1170 KANE CONCOURSE
SUITE 200

(Street)
BAY HARBOR FL 33154

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2012
3. Issuer Name and Ticker or Trading Symbol
SEARS HOLDINGS CORP [ SHLD ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share 1,939,872 D (1)
Common Stock, par value $0.01 per share 2,494,783 D (2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
SPE I Partners, L.P.

(Last) (First) (Middle)
1170 KANE CONCOURSE
SUITE 200

(Street)
BAY HARBOR FL 33154

(City) (State) (Zip)
1. Name and Address of Reporting Person*
SPE Master I, L.P.

(Last) (First) (Middle)
1170 KANE CONCOURSE
SUITE 200

(Street)
BAY HARBOR FL 33154

(City) (State) (Zip)
Explanation of Responses:
1. These securities are held by SPE I Partners, LP.
2. These securities are held by SPE Master I, LP.
Remarks:
As previously disclosed in a Form 4 filed on July 3, 2012 by ESL Partners, L.P. ("Partners"), Partners agreed to distribute these shares of common stock of Sears Holdings Corporation, par value $0.01 per share (each, a "Share"), to limited partners of Partners in accordance with their pro rata interests in Partners. The Shares to be distributed will be contributed to the Reporting Persons in the amounts reflected in this report. RBS Partners, L.P. ("RBS") is the general partner of each of the Reporting Persons. In addition to being the general partner of each of the Reporting Persons, RBS is the general partner of Partners. ESL Investments, Inc. ("Investments") is the general partner of RBS. Edward S. Lampert is the Chairman, Chief Executive Officer and Director of Investments. Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), each of the Reporting Persons may be deemed to be the beneficial owner of the securities reported herein only to the extent of his or its pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that any of the Reporting Persons is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
SPE I PARTNERS, LP, By: RBS Partners, L.P., as its general partner, By: ESL Investments, Inc., as its general partner, By: /s/ Edward S. Lampert, Chief Executive Officer 07/10/2012
SPE MASTER I, LP, By: RBS Partners, L.P., as its general partner, By: ESL Investments, Inc., as its general partner, By: /s/ Edward S. Lampert, Chief Executive Officer 07/10/2012
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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