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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) May 18, 2000
STRUCTURED ASSET SECURITIES CORPORATION
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 333-49129-05 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.
On May 18, 2000, a single series of certificates, entitled LB-UBS
Commercial Mortgage Trust 2000-C3, Commercial Mortgage Pass-Through
Certificates, Series 2000-C3 (the "Certificates"), was issued pursuant to a
pooling and servicing agreement (the "Pooling and Servicing Agreement"),
entered into by and among Structured Asset Securities Corporation (the
"Registrant"), a master servicer, a special servicer, a trustee and a fiscal
agent. The Pooling and Servicing Agreement is attached hereto as Exhibit 4.1.
Certain classes of the Certificates, designated as Class A-1, Class A-2,
Class B, Class C, Class D, Class E, Class F, Class G and Class X
(collectively, the "Underwritten Certificates") were registered under the
Registrant's registration statement on Form S-3 (no. 333-49129) and sold to
Lehman Brothers Inc., Morgan Stanley & Co. Incorporated and Deutsche Bank
Securities Inc. (collectively, the "Underwriters") pursuant to an
underwriting agreement (the "Underwriting Agreement") between the Registrant
and the Underwriters. The Underwriting Agreement is attached hereto as
Exhibit 1.1. Certain of the mortgage loans backing the Underwritten
Certificates were acquired by the Depositor from UBS Principal Finance LLC
("UBSPF" pursuant to a Mortgage Loan Purchase Agreement, dated as of May 9,
2000 (the "UBS/Depositor Mortgage Loan Purchase Agreement"), which agreement
contains representations and warranties made by UBSPF to the Registrant with
respect to the mortgage loans sold by it to the Registrant. Similar
representations and warranties have been made by the Registrant in the
Pooling and Servicing Agreement with respect to the other mortgage loans
backing the Underwritten Certificates. The UBS/Depositor Mortgage Loan
Purchase Agreement is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED:
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION:
Not applicable.
(c) EXHIBITS:
Exhibit No. Description
1.1 Underwriting Agreement, dated as of May 9, 2000, among
Structured Asset Securities Corporation as seller and Lehman
Brothers Inc., Morgan Stanley & Co. Incorporated and Deutsche
Bank Securities Inc. as underwriters.
4.1 Pooling and Servicing Agreement, dated as of May 11, 2000,
among Structured Asset Securities Corporation as depositor,
First Union National Bank as master servicer, Lennar Partners,
Inc. as special servicer, LaSalle Bank National Association as
trustee and ABN AMRO Bank N.V. as fiscal agent.
99.1 Mortgage Loan Purchase Agreement, dated as of May 9, 2000,
between UBS Principal Finance LLC as seller and Structured
Asset Securities Corporation as purchaser.
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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: May 31, 2000
STRUCTURED ASSET SECURITIES
CORPORATION
By: /s/ Mary Pat Archer
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Name: Mary Pat Archer
Title: Senior Vice President
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EXHIBIT INDEX
The following exhibits are filed herewith:
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<CAPTION>
EXHIBIT NO. PAGE NO.
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<S> <C> <C>
1.1 Underwriting Agreement, dated as of May 9, 2000, among
Structured Asset Securities Corporation, as seller and Lehman
Brothers Inc., Morgan Stanley & Co. Incorporated and Deutsche
Bank Securities Inc. as underwriters.
4.1 Pooling and Servicing Agreement, dated as of May 11, 2000,
among Structured Asset Securities Corporation as depositor,
First Union National Bank as master servicer, Lennar Partners,
Inc. as special servicer, LaSalle Bank National Association as
trustee and ABN AMRO Bank N.V. as fiscal agent.
99.1 Mortgage Loan Purchase Agreement, dated as of May 9, 2000,
between UBS Principal Finance LLC as seller and Structured
Asset Securities Corporation as purchaser.
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