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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 4, 2000
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-31070 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. It is expected that
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 Exhibits 99.1, 99.2, 99.3,
99.4 and 99.5, 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.
99.2 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.3 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.4 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.5 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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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 5, 2000
STRUCTURED ASSET SECURITIES
CORPORATION
By: /s/ Precilla Torres
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Name: Precilla Torres
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 prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.2 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.3 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.4 Certain materials constituting Computational Materials and/or ABS Term
Sheets prepared and disseminated in connection with the expected sale
of the Underwritten Certificates.
99.5 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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