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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) June 1, 1999
Structured Asset Securities Corporation
(Exact Name of Registrant as Specified in Its Charter)
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Delaware 333-49129 74-2440858
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
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200 Vesey Street, New York, New York 10285
(Address of Principal Executive Offices) (Zip Code)
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Registrant's telephone number, including area code (212) 526-7000
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
It is expected that during June 1999, a single series of certificates,
entitled LB Commercial Mortgage Trust 1999-C1, Commercial Mortgage Pass-Through
Certificates, Series 1999-C1 (the "Certificates"), will be issued pursuant to a
pooling and servicing agreement (the "Pooling and Servicing Agreement"), to be
entered into by and among Structured Asset Securities Corporation (the
"Registrant") and a master servicer, a special servicer and a trustee. Certain
classes of the Certificates (the "Underwritten Certificates") will be registered
under the Registrant's registration statement on Form S-3 (no. 333-49129) and
sold to Lehman Brothers Inc. ("Lehman Brothers") and Merrill Lynch, Pierce,
Fenner & Smith Incorporated ("Merrill"; and Merrill, together with Lehman
Brothers, the "Underwriters") pursuant to an underwriting arrangement between
the Registrant and the Underwriters.
In connection with the expected sale of the Underwritten Certificates,
the Registrant has been advised that prospective investors have been furnished
with certain materials attached hereto as Exhibit 99.1 that constitute
"Computational Materials" (as defined in the no-action letter dated May 20, 1994
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
the no-action letter dated May 27, 1994 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association) and/or "ABS Term
Sheets" (as defined in the no-action letter dated February 17, 1995 issued by
the Division of Corporation Finance of the Commission to the Public Securities
Association).
The materials attached hereto have been prepared and provided to the
Registrant with respect to the Underwritten Certificates. The information in
such materials is preliminary and will be superseded by the final Prospectus
Supplement relating to the Underwritten Certificates and by any other similar
information subsequently filed with the Commission. To the extent any materials
previously filed by the Registrant with respect to the Underwritten Certificates
are inconsistent with the materials attached hereto, such previously filed
materials are superseded by the materials attached hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED:
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION:
Not applicable.
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(c) EXHIBITS:
Exhibit No. Description
99.1 Certain materials constituting Computational Materials and/or
ABS Term Sheets prepared and disseminated in connection with
the expected sale of the Underwritten Certificates*.
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* Filed on June 1, 1999, 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: June 1, 1999
STRUCTURED ASSET SECURITIES
CORPORATION
By: /s/ James Blakemore
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Name: James Blakemore
Title: Vice President
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EXHIBIT INDEX
The following exhibits are filed herewith:
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Exhibit No. Page No.
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99.1 Certain materials constituting Computational Materials and/or
ABS Term Sheets in connection with the expected sale of the
Underwritten Certificates*.
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* Filed on June 1, 1999, under cover of Form SE pursuant to and under Rule 311
of Regulation S-T
