10-K 1 b316054_10k.txt ANNUAL REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Annual Report Pursuant to Sections 13 or 15(d) of the Securities Exchange Act of 1934 For Fiscal Year Ended: Commission file number: December 31, 2001 033-73438-06 S&P-Linked Investment Trust Certificates Series 1997-SP-1 Trust (Exact name of registrant as specified in its charter) Lehman ABS Corporation is the depositor under the Standard Terms for Trust Agreements, dated as of February 28, 1996, as supplemented by a Series Supplement, dated as of August 29, 1997, which together formed the S&P-Linked Investment Trust Certificates Series 1997-SP-1 Trust. I.R.S. Employer Identification Number: 13-7135735 The Bank of New York, as Trustee 5 PENN PLAZA, Floor 13 New York, New York 10001 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 896-7109 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X No . Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. X. Aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant as of December 31, 2001: Not Applicable. Number of shares of common stock outstanding as of December 31, 2001: Not Applicable. INTRODUCTORY NOTE Lehman ABS Corporation (the "Depositor") is the depositor under the Standard Terms for Trust Agreements, dated as of February 28, 1996, as supplemented by a Series Supplement, dated as of August 29, 1997, by and between the Depositor and The Bank of New York, a New York banking corporation, as trustee (the "Trustee"), which together formed the S&P-Linked Investment Trust Certificates Series 1997-SP-1 Trust (the "Trust" or the "Registrant"), and which provided for the issuance of the SPLITS(TM) S&P-Linked Investment Trust Certificates, Series 1997-SP-1 (the "Certificates"). The Certificates do not represent obligations of or interests in the Depositor. Pursuant to staff administrative positions established in various no-action letters, Registrant is not required to respond to various items of Form 10-K. Such items are designated herein as "Not Applicable." PART I Item 1. Business. Not Applicable Item 2. Properties. Not Applicable Item 3. Legal Proceedings. None Item 4. Submission of Matters to a Vote of Security Holders. None PART II Item 5. Market for Registrant's Common Equity and Related Stockholder Matters. (a) Market Information: Not Applicable. To the best knowledge of the Trustee, there is no established public trading market for the Certificates. (b) Holders: The Certificates issued by the Trust representing investors' interest in the Trust are represented by one or more physical Certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. (c) Dividends: Not Applicable. Item 6. Selected Financial Data. Not Applicable Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Not Applicable Item 7A. Quantitative and Qualitative Disclosures About Market Risk. Not Applicable Item 8. Financial Statements and Supplementary Data. None. No distributions have been made to Certificate Holders. Item 9. Changes in and Disagreements on Accounting and Financial Disclosure. None PART III Item 10. Directors and Executive Officers of the Registrant. Not Applicable Item 11. Executive Compensation. Not Applicable Item 12. Security Ownership of Certain Beneficial Owners and Management. (a) Not Available (b) Not Applicable (c) Not Applicable Item 13. Certain Relationships and Related Transactions. (a) None (b) None (c) Not Applicable (d) Not Applicable PART IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K. (a) None (b) None (c) None (d) Not Applicable SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Trustee has duly caused this report to be signed on behalf of the Trust by the undersigned, thereunto duly authorized. Date: January 10, 2002 THE BANK OF NEW YORK AS TRUSTEE, FOR S&P-LINKED INVESTMENT TRUST CERTIFICATES SERIES 1997-SP-1 TRUST By: /s/ Kevin Cremin -------------------------------- Kevin Cremin Vice President