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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) December 8, 2000
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Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-31070-02 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 during December, 2000, a single series of
certificates, expected to be titled LB-UBS Commercial Mortgage Trust 2000-C5,
Commercial Mortgage Pass-Through Certificates, Series 2000-C5 (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, a trustee and a fiscal agent. Certain classes of
the Certificates (the "Underwritten Certificates") will be registered under the
Registrant's registration statement on Form S-3 (no. 333-31070) and sold to
Lehman Brothers Inc., UBS Warburg LLC and Deutsche Bank Securities Inc. (the
"Underwriters") pursuant to an underwriting agreement between the Registrant and
the Underwriters.
In connection with the expected sale of the Underwritten Certificates,
the Registrant has been advised that one or more 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.
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 December 21, 2000, 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: December 19, 2000
STRUCTURED ASSET SECURITIES
CORPORATION
By:/s/ Precilla G. Torres
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Name: Precilla G. Torres
Title: Vice President
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EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No. Page No.
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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 December 21, 2000, under cover of Form SE pursuant to and under Rule
311 of Regulation S-T.
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