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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) February 17,1998
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 33-96378 74-2440858
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
200 Vesey Street, New York, New York 10285
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 526-7000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
It is expected that on or about March 11, 1998, a single series of
certificates, entitled LB Commercial Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 1998-C1 (the "Certificates"), will be issued
pursuant to a pooling and servicing agreement, to be entered into by and among
Structured Asset Securities Corporation (the "Registrant"), as depositor, GMAC
Commercial Mortgage Corporation, as master servicer and as special servicer,
LaSalle National Bank, as trustee, and ABN AMRO Bank N.V., as fiscal agent.
Certain classes of the Certificates (the "Underwritten Certificates") will be
registered under the Registrant's registration statement no. 33-96378 (the
"Registration Statement") on Form S-3, and sold to Lehman Brothers Inc. (the
"Underwriter") pursuant to an underwriting agreement to be entered into by and
between the Registrant and the Underwriter.
In connection with its expected sale of the Underwritten Certificates, the
Underwriter has advised the Registrant that it has furnished to prospective
investors certain information attached hereto as Exhibit 99.1 that may be
considered "Computational Materials" (as defined in the no-action letter issued
by the Division of Corporation Finance of the Securities and Exchange Commission
(the "Commission") to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody
& Co. Incorporated, and Kidder Structured Asset Corporation and made publicly
available May 20, 1994 and the no-action letter issued by the Division of
Corporation Finance of the Commission to the Public Securities Association and
made publicly available May 27, 1994).
The Computational Materials attached hereto have been prepared and
provided to the Registrant by the Underwriter. The information in such
Computational Materials will be superseded by the final Prospectus Supplement
relating to the Underwritten Certificates (to the extent the information in
such Computational Materials is inconsistent with the information in the
Prospectus Supplement) and will be superseded by any other comparable
information subsequently filed with the Commission. To the extent any
Computational Materials previously filed by the Registrant with respect to
the Underwritten Certificates are inconsistent with the Computational
Materials attached hereto, such previously filed Computational Materials are
superseded by the Computational Materials attached hereto.
Item 7. Financial Statements and Exhibits:
(a) Financial statements of businesses acquired:
Not applicable.
(b) Proforma financial information:
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Not applicable.
(c) Exhibits:
Exhibit No. Description
99.1 Computational Materials prepared by Lehman Brothers Inc.*
*Filed on March 6, 1998, under cover of Form SE pursuant to and under Rule 311
of Regulation S-T.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: March 5, 1998
STRUCTURED ASSET SECURITIES
CORPORATION
By: /s/ Paul A. Hughson
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Name: Paul A. Hughson
Title: Vice President
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EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No. Page No.
99.1 Computational Materials prepared by Lehman Brothers Inc.*
*Filed on March 6, 1998, under cover of Form SE pursuant to and under Rule 311
of Regulation S-T.
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