UNITED STATES
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): March 17,
2008
Structured Products Corp.
on
behalf of
CorTS Trust for Unum Notes
(Exact name of registrant as specified in its charter)
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Delaware
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001-32078
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13-3692801
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(State or other jurisdiction of incorporation or
organization)
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(Commission File Number)
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(IRS Employer Identification Number)
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388 Greenwich Street
New York, New York
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10013
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(212) 816-7496
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(Address of principal executive
offices)
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(Zip Code)
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(Registrant's telephone number including area
code)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule
425 under the Securities Act (17CFR 230.425)
o
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))
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Section 8 - Other Events
Item 8.01 Other Events.
The sole asset of CorTS Trust for Unum Notes (the “Trust”)
is $27,778,000 principal amount of Unum Corporation (currently now known as Unum Group)
6.75% Notes due December 15, 2028 (the “Underlying Securities”). On March
17, 2008, the Trustee received a Notice of Pendency and Proposed Settlement of Class
Action dated January 25, 2008 (the “Notice”) relating to publicly traded
securities of the Unum Group, formerly known as Unum Provident Corporation, including
the Underlying Securities. The Trust is a grantor trust for federal income tax purposes
and each CorTS Certificateholder is treated as the beneficial owner of its pro rata
share of the Underlying Securities. Accordingly, CorTS Certificateholders who purchased
CorTS Certificates between March 30, 2000 and April 24, 2003 may be members of the
class covered by the Notice. On March 18, 2008, the Trustee sent the notice regarding
class action lawsuit attached hereto as Exhibit 1 to the CorTS
Certificateholders.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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1.
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Trustee’s Notice regarding Class Action
Lawsuit
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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
hereunto duly authorized.
By:
/s/
John W. Dickey
________________________________
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Title:
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Authorized Signatory
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March
18, 2008
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EXHIBIT INDEX
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Exhibit
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Pages
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1
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2.
Trustee’s Notice regarding Class Action
Lawsuit
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5-6
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Exhibit 1
Notice Regarding Class Action Lawsuit
To the
Holders of:
CorTS Trust For Provident Financing Trust I CUSIP:
22080X203
CorTS Trust II For Provident Financing Trust I CUSIP:
22081B200
CorTS Trust III For Provident Financing Trust I CUSIP:
22081P209
CorTS Trust For Unum Notes CUSIP: 22082H206
Please forward this notice to all beneficial holders.
U.S.
Bank Trust National Association serves as trustee (the “Trustee”) for the
above-referenced Trusts formed pursuant to the terms of the Standard Terms for Trust
Agreements dated as of December 15, 2000 as supplemented by the Series Trust Agreements
named below, by and between Structured Products Corporation (the
“Depositor”) and the U.S. Bank Trust National Association (the
“Trustee”). The sole asset of each Trust is the underlying security named
below (each an “Underlying Security” and collectively, the
“Underlying Securities”).
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Trust
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Series Trust
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Underlying Security
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Underlying Securities per CorTS
Certificate
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CorTS Trust For Provident Financing Trust I
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CorTS Supplement 2001-5, dated as of February 7,
2001
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$60,000,000 aggregate principal amount of Provident
Financing Trust I 7.405% Capital Securities due March 15,
2038
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$28.696833
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CorTS Trust II For Provident Financing Trust
I
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CorTS Supplement 2001-9, dated as of March 21,
2001
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$96,861,000 aggregate principal amount of Provident
Financing Trust I 7.405% Capital Securities due March 15,
2038
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$27.683999
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CorTS Trust III For Provident Financing Trust
I
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CorTS Supplement 2001-21, dated as of April 30,
2001
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$28,600,000 aggregate principal amount of Provident
Financing Trust I 7.405% Capital Securities due March 15,
2038
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$27.346413
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CorTS Trust For Unum Notes
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CorTS Supplement 2002-10, dated as of July 26,
2002
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$27,778,000 aggregate principal amount of Unum
Corporation (currently now known as Unum Group) 6.75% Notes due
December 15, 2028]
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$27.777777
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The
Trustee has received a notice dated January 25, 2008 of the pendency and proposed
settlement of class action litigation (the "Notice of Pendency and Proposed Settlement
of Class Action") relating to publicly traded securities of the Unum Group, including
the Underlying Securities.
Each Trust is a grantor trust for
federal income tax purposes and each CorTS Certificateholder is treated as the
beneficial owner of its pro rata share of the Underlying Securities. Accordingly, CorTS
Certificateholders who purchased CorTS Certificates between March 30, 2000 and April
24, 2003 may be members of the Class named in the class action litigation.
Unless
otherwise defined herein, capitalized terms have the same meaning as in the Notice of
Pendency and Proposed Settlement of Class Action. The Trustee will send copies of
Notice of Pendency and Proposed Settlement of Class Action to any CorTS Certificates
who so request. Holders may access the Notice of Pendency and Proposed Settlement of
Class Action and more complete details regarding the litigation at www.gilardi.com.
CorTS Certificateholders who wish to receive the benefit of and be bound by the terms
of the proposed settlement may file a Proof of Claim and Release form identifying
themselves
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as a
beneficial holder of the pro-rata share of the underlying Securities held by the Trust
which issued their CorTS Certificates with the Claims Administrator on or before June
6, 2008.
Unum Securities Litigation
Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 990
Corte Madera, CA 94976-0990
CorTS Certificateholders who do not wish to be included in the Class and
do not wish to participate in the proposed settlement may request to be excluded by
completing a request for exclusion as described in The Notice of Pendency and Proposed
Settlement of Class Action and mailing it to the Claims Administrator no later than
March 20, 2008. Please refer to The Notice of Pendency and Proposed Settlement of Class
Action for more exact information. Do not send any Proof of Claim and Release Form or
request for exclusion to the CorTS Trustee.
If you do not make a valid and timely request in writing to be excluded
from the Class, you will be bound by any and all determinations or judgments in the
Litigation in connection with the settlement entered into or approved by the Court,
whether favorable or unfavorable to the Class, and you shall be deemed to have, and by
operation of the Judgment shall have, fully released all of the Released Claims against
the Released Persons, whether or not you submit a valid Proof of Claim and Release
form.
You may do nothing at all. If you choose this option, you will not share
in the proceeds of the settlement, but you will be bound by any judgment entered by the
Court, and you shall be deemed to have, and by operation of the Judgment shall have,
fully released all of the Released Claims against the Released Persons.
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U.S. Bank Trust National Association
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March 18, 2008
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as
Trustee
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