Eddie Lampert Gets Sears Holdings Corp (SHLD) Shares

A Form 4 filing reveals that Edward Lampert received 7,198 shares of Sears Holdings Corp (NASDAQ:SHLD) representing restricted stock granted under the company’s 2006 Stock Plan, as amended.

The current holding of Lampert and other entities including hedge fund ESL in Sears Holdings Corp (NASDAQ:SHLD) is 51.57 million shares, about 48.61% of the 106.10M shares outstanding in the retail chain. Lampert’s holding fell below the 50% threshold after he cut holdings in December.

Lampert cut holdings following redemption demands

Last December, the continued slide in the share price of Sears Holdings Corp (NASDAQ:SHLD) probably drove investors to withdraw funds from Lampert’s ESL Investments hedge fund. Eddie Lampert met the redemption demands by distributing Sears shares to the investors instead of paying...