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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) December 21, 2000
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.
On December 21, 2000, a single series of certificates, entitled LB-UBS
Commercial Mortgage Trust 2000-C5, Commercial Mortgage Pass-Through
Certificates, Series 2000-C5 (the "Certificates"), was issued pursuant to a
pooling and servicing agreement in the form attached hereto as Exhibit 4.1 (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. Certain classes of the Certificates,
designated as Class A-1, Class A-2, Class B, Class C, Class D, Class E, Class F
and Class G (collectively, the "Underwritten Certificates") were 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.
(collectively, the "Underwriters") pursuant to an underwriting agreement between
the Registrant and the Underwriters in the form attached hereto as Exhibit 1.1.
Certain of the mortgage loans backing the Underwritten Certificates (the "UBS
Mortgage Loans") were acquired by the Depositor from UBS Warburg Real Estate
Investments Inc. ("UBSREI") as seller pursuant to a Mortgage Loan Purchase
Agreement, dated as of December 14, 2000 (the "UBS/Depositor Mortgage Loan
Purchase Agreement"), in the form attached hereto as Exhibit 99.1, which
agreement contains representations and warranties made by UBSREI to the
Depositor with respect to the UBS Mortgage Loans. Similar representations and
warranties have been made by the Depositor in the Pooling and Servicing
Agreement with respect to the other mortgage loans backing the Underwritten
Certificates.
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 Form of Underwriting Agreement, dated as of December 14, 2000,
among Structured Asset Securities Corporation as seller and
Lehman Brothers Inc., UBS Warburg LLC and Deutsche Bank
Securities Inc. as underwriters.
4.1 Form of Pooling and Servicing Agreement, dated as of December
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 Form of Mortgage Loan Purchase Agreement, dated as of December
14, 2000, between UBS Warburg Real Estate Investments as seller,
UBS Principal Finance
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LLC as an additional party, 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: January 3, 2001
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:
Exhibit No. Page No.
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1.1 Form of Underwriting Agreement, dated as of
December 14, 2000, among Structured Asset
Securities Corporation, as seller and Lehman
Brothers Inc., UBS Warburg LLC and Deutsche
Bank Securities Inc. as underwriters.
4.1 Form of Pooling and Servicing Agreement, dated
as of December 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 Form of Mortgage Loan Purchase Agreement,
dated as of December 14, 2000, between UBS
Warburg Real Estate Investments Inc, as
seller, UBS Principal Finance LLC as an
additional party, and Structured Asset
Securities Corporation as purchaser.
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