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): February 16, 2010
Structured Obligations
Corporation
(Exact
name of registrant as specified in its charter)
Delaware
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001-31929
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13-3741177
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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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270 Park Avenue, New York, New
York
10013
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(Address
of principal executive
offices) (Zip
Code)
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Registrant's
telephone number including area code (212)
834-6000.
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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:
¨ Written communications
pursuant to Rule 425 under the Securities Act (17CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR
240.13e-4(c))
1
Section
8 - Other Events
Item
8.01 Other Events.
This
current report on Form 8-K relates to a distribution made to holders of the
Certificates issued by the Select Notes Trust LT 2003-5.
Each
issuer of an underlying security, or guarantor thereof, or successor thereto, as
applicable, which represents ten percent (10%) or
more of the aggregate principal amount of all securities held by the
trustis subject to the information reporting requirements of the
Securities Exchange Act of 1934, as amended (the "Exchange
Act"). Periodic reports and other information required to be filed
pursuant to the Exchange Act, by an issuer of an underlying security, or
guarantor thereof, or successor thereto, as applicable, may be inspected and
copied at the public reference facilities maintained by the Securities and
Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington,
D.C. 20549. The Commission also maintains a site on the World Wide Web at
"http://www.sec.gov" at which users can view and download copies of reports,
proxy and information statements and other information filed electronically
through the Electronic Data Gathering, Analysis and Retrieval system. Neither
Structured Obligations Corporation nor the trustee has participated in the
preparation of such reporting documents, or made any due diligence investigation
with respect to the information provided therein. Neither Structured Obligations
Corporation nor the trustee has verified the accuracy or completeness of such
documents or reports. There can be no assurance that events affecting an issuer
of an underlying security, or guarantor thereof, or successor thereto, as
applicable, or an underlying security have not occurred or have not yet been
publicly disclosed which would affect the accuracy or completeness of the
publicly available documents described above.
Section
9- Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
(c)
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Exhibits:
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1.
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Trustee’s
Report with respect to the February 16, 2010 Distribution Date for
the Select
Notes Trust LT 2003-5
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2
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/ Chadwick S. Parson | |
________________________________ | |
Name: Chadwick S. Parson | |
Title: Authorized Signatory |
February
16, 2010
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EXHIBIT
INDEX
Exhibit
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Page
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1
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Trustee’s
Report with respect to the February 16, 2010 Distribution Date for the
Select Notes
Trust LT 2003-5
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5
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4
Exhibit 1
To the
Holders of:
Select
Notes Trust LT 2003-5
Long
Term Certificates Series 2003-5
*CUSIP: 81619PAE7
U.S. Bank
Trust National Association, as Trustee for the Select Notes Trust LT
2003-5 (the “Trust”), hereby gives notice with respect to Interest Period
commencing on the day after January 15, 2009 to and
including the February 16, 2010 (the “Interest Period”) in respect of
the February 16, 2010 Interest Distribution
Date (the “Interest Distribution Date”) as follows:
1.
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The
amount of interest received by the Trust during the Interest Period is as
set forth below (each Certificate holder’s pro rata portion of this amount
is the amount to be included in such Certificate holder’s Form
1099).
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$
416,250.00
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a.
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Per
certificate held amount of interest income to be included in Form 1099 for
the year ending December 31, 2010 is set forth
below.
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$
11.508156
2.
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The
total of all interest distributed to Certificate holders during the
Interest Period is set forth below.
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$
177,082.29
3.
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The
amount of advances made to the Trustee on the Interest Distribution Date
is $ 0.00
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4.
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The
total amount of advances repaid to the Advancing Party during the Interest
Period is $
239,167.00
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5.
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The
net total of repayments made during the Interest Period
is $ 239,167.00
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a.
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The
net amount owed by the Trust to the Advancing Party as of the close of
business on the Distribution Date is set forth
below.
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$
367,789.67
6.
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The
total amount of interest expense paid to the Advancing Party on the
Interest Distribution Date is set forth below (each Certificate holders pro
rata portion of this amount should be included in a footnote to
such Certificate holder’s Form 1099 indicating that such amount should
constitute investment indebtedness interest, which can be deducted by
non-corporate taxpayers to the extent of such net investment
income).
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$
0.00
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a.
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Per
certificate held amount of interest expense to be included in Form 1099
for the year ending December 31, 2010 is set forth
below.
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$
0.00
7.
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At
the close of business on the Interest Distribution Date, there were 36,170
Certificates outstanding.
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8.
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Payments
made on Underlying Securities during the Interest period are as set forth
below.
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02/15/2010
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GE
Global Insurance Holding Corporation 7.00% Notes due February 15,
2026.
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$0.00
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$
105,000.00
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01/18/2010
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DaimlerChrysler
North America Holding Corporation 8.50% Notes due January 18,
2031.
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$0.00
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$
127,500.00
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02/15/2010
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The
Boeing Company 6.125% Notes due February 15, 2033.
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$0.00
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$
91,875.00
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02/15/2010
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The
Goldman Sachs Group, Inc. 6.125% due February 15, 2033.
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$0.00
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$
91,875.00
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U.S.
Bank Trust National Association, as Trustee
*The
Trustee shall not be held responsible for the selection or use of the CUSIP
number nor is any representation made as to its correctness. It is
included solely for the convenience of the Holders.
5