0000921895-16-006398.txt : 20161222 0000921895-16-006398.hdr.sgml : 20161222 20161222173422 ACCESSION NUMBER: 0000921895-16-006398 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161220 FILED AS OF DATE: 20161222 DATE AS OF CHANGE: 20161222 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FREDS INC CENTRAL INDEX KEY: 0000724571 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 620634010 STATE OF INCORPORATION: TN FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 4300 NEW GETWELL RD CITY: MEMPHIS STATE: TN ZIP: 38118 BUSINESS PHONE: 9013658880 MAIL ADDRESS: STREET 1: 4300 NEW GETWELL ROAD CITY: MEMPHIS STATE: TN ZIP: 38118 FORMER COMPANY: FORMER CONFORMED NAME: BADDOUR INC DATE OF NAME CHANGE: 19910620 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Freeman Heath CENTRAL INDEX KEY: 0001693074 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14565 FILM NUMBER: 162067532 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Strategic Investment Opportunities LLC CENTRAL INDEX KEY: 0001688150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14565 FILM NUMBER: 162067533 BUSINESS ADDRESS: STREET 1: 101 W. COLFAX AVENUE STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 408-920-5713 MAIL ADDRESS: STREET 1: 101 W. COLFAX AVENUE STREET 2: SUITE 1100 CITY: DENVER STATE: CO ZIP: 80202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Alden Global Capital LLC CENTRAL INDEX KEY: 0001616882 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14565 FILM NUMBER: 162067534 BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-888-7213 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 4 1 form408392006_12222016.xml OWNERSHIP DOCUMENT X0306 4 2016-12-20 0 0000724571 FREDS INC FRED 0001616882 Alden Global Capital LLC 885 THIRD AVENUE, 34TH FLOOR NEW YORK NY 10022 0 0 1 0 0001688150 Strategic Investment Opportunities LLC 885 THIRD AVENUE, 34TH FLOOR NEW YORK NY 10022 0 0 1 0 0001693074 Freeman Heath 885 THIRD AVENUE, 34TH FLOOR NEW YORK NY 10022 0 0 1 0 Class A Common Stock 2016-12-20 4 P 0 1107851 19.5245 A 4849846 I By Strategic Investment Opportunities LLC Class A Common Stock 2016-12-20 4 P 0 1209139 20.1919 A 6058985 I By Strategic Investment Opportunities LLC Class A Common Stock 2016-12-20 4 P 0 491015 21.1487 A 6550000 I By Strategic Investment Opportunities LLC Class A Common Stock 2016-12-21 4 P 0 925000 20.0728 A 7475000 I By Strategic Investment Opportunities LLC Class A Common Stock 2016-12-22 4 P 0 1800000 19.3622 A 9275000 I By Strategic Investment Opportunities LLC 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. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $18.81 to $19.81, $19.815 to $20.815, $20.82 to $21.75, $19.64 to $20.53, and $18.93 to $19.82, respectively. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein. Alden Global Capital LLC, By: /s/ Heath Freeman, President 2016-12-22 Strategic Investment Opportunities LLC, By: Alden Global Capital LLC, By: /s/ Heath Freeman, President 2016-12-22 /s/ Heath Freeman 2016-12-22