Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 8 and notwithstanding the fact that any other condition to conversion described below has not been satisfied, Holders may convert the Securities into Common Stock at any time during or after any fiscal quarter commencing after September 30, 2003 if the Closing Sale Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of such preceding fiscal quarter is greater than 120% of the Conversion Price on the last Trading Day of such preceding fiscal quarter. If the foregoing condition is satisfied, then the Securities will be convertible at any time at the option of the Holder, through their maturity.
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 8 and notwithstanding the fact that any other condition to conversion has not been satisfied, Holders may convert the Securities into Common Stock on a Conversion Date in any fiscal quarter commencing after April 28, 2001, if, as of the last day of the preceding fiscal quarter, the Sale Price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such preceding fiscal quarter is greater than the conversion trigger price. The "conversion trigger price" for any fiscal quarter shall be a reference percentage, beginning at 135%, and declining 0.3125% per quarter thereafter until it reaches 110.3125% for the quarter beginning January 31, 2021, of the accreted conversion price per share of Common Stock on the last day of such preceding fiscal quarter. The "accreted conversion price" per share of Common Stock as of any day equals the quotient of: - the Issue Price and accrued Original Issue Discount to that day, divided by 86 - the number of shares of Common Stock issuable upon conversion of $1,000 Principal Amount at Maturity of Securities on that day. For illustrative purposes only, the table below shows the conversion trigger price per share of Common Stock in respect of each of the first 20 fiscal quarters following issuance of the Securities. The conversion trigger price for any fiscal quarter starting on or after April 29, 2001 shall be the conversion trigger price as of the last day of the immediately preceding fiscal quarter as set forth in the table below. These conversion trigger prices reflect the accreted conversion price per share of Common Stock (assuming that no events occurred requiring an adjustment to the initial Conversion Rate of 16.3335 shares of Common Stock per $1,000 Principal Amount of Maturity) multiplied by the applicable percentage for the respective fiscal quarter. Thereafter, the accreted conversion price per share of Common Stock increases each fiscal quarter by the accrued Original Issue Discount for the quarter and the applicable percentage declines by 0.3125% per quarter.
(1) (2) (3) Accreted Conversion Applicable Conversion Trigger Fiscal Quarter Price Percentage Price (1)x(2) -------------- ----- ---------- ------------- 2002 Quarter ended April 28, 2001.................... $41.29 135.0000% $55.74 Quarter ended July 28, 2001..................... 41.50 134.6875% 55.89 Quarter ended October 27, 2001.....................
Conversion Based on Common Stock Price. Prior to the Close of Business on the Business Day immediately preceding January 1, 2016, Holders may surrender Notes for conversion in any calendar quarter (and only during such calendar quarter) commencing after June 30, 2011 if the Last Reported Sale Price of Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of the preceding calendar quarter is more than 110% of the Conversion Price on each applicable Trading Day. The Conversion Agent shall determine at the beginning of each calendar quarter commencing at any time after June 30, 2011 (through and including December 31, 2015) whether the Notes are convertible as a result of the price of Common Stock and notify the Company and the Trustee.
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 9 and notwithstanding the fact that any other condition to conversion described below has not been satisfied, holders may convert the Convertible Subordinated Notes into Common Stock on a Conversion Date at any time starting with the first day of any calendar quarter commencing after September 30, 2003 if the Closing Sale Price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such preceding calendar quarter is greater than the conversion trigger price per share. The "conversion trigger price" for any calendar quarter shall be 120% of the accreted conversion price per share (as defined below) of Common Stock on the last trading day of such preceding calendar quarter. If the foregoing condition is satisfied, then the Convertible Subordinated Notes will be convertible at any time of the option of the holder, through their maturity. The "accreted conversion price" per share of Common Stock as of any day equals the quotient of:
Conversion Based on Common Stock Price. The Securities shall be convertible prior to August 1, 2014, during any calendar quarter after the calendar quarter ending September 30, 2007 (and only during such calendar quarter), if the Last Reported Sale Price of the Common Stock for twenty (20) or more Trading Days in a period of thirty (30) consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter exceeds one hundred twenty percent (120%) of the applicable Conversion Price in effect on the last Trading Day of the immediately preceding calendar quarter.
Conversion Based on Common Stock Price. Notes may be surrendered for conversion on any date during any calendar quarter beginning after June 30, 2012 (and only during such calendar quarter) if the Closing Sale Price of the Common Stock was more than 130% of the then current Conversion Price for at least 20 Trading Days in the period of the 30 consecutive Trading Days ending on the last trading day of the previous calendar quarter.
Conversion Based on Common Stock Price. During any calendar quarter commencing at any time after December 31, 2007 and only during such calendar quarter, if the Last Reported Sale Price for the Common Stock for at least twenty (20) Trading Days during a period of thirty (30) consecutive Trading Days ending on the last Trading Day of the immediately preceding calendar quarter (the “Stock Price Measurement Period”) is more than 130% of the applicable Conversion Price in effect on the last Trading Day of such immediately preceding calendar quarter;
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 9, Holders may convert the Securities into Common Stock on a Conversion Date in any calendar quarter commencing after December 31, 2001, if, as of the last day of the preceding calendar quarter, the Sale Price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such preceding calendar quarter is greater than the conversion trigger price. The "conversion trigger price" for any calendar quarter shall be a reference percentage, beginning at 120%, and declining 0.1282% per calendar quarter thereafter until it reaches 110.000% for the calendar quarter beginning July 1, 2021, of the accreted conversion price per share of Common Stock on the last day of such preceding calendar quarter. The "accreted conversion price" per share of Common Stock as of any day equals the quotient of:
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 9, Holders may convert the Securities into Common Stock on a Conversion Date in any fiscal quarter commencing after February 23, 2002, if, as of the last day of the preceding fiscal quarter, the Sale Price of the Common Stock for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such preceding fiscal quarter is greater than the conversion trigger price. The "conversion trigger price" for any fiscal quarter shall be a reference percentage, beginning at 120%, and declining .0847% per fiscal quarter thereafter until it reaches approximately 110% for the fiscal quarter beginning September 7, 2031, of the accreted conversion price per share of Common Stock on the last day of such preceding fiscal quarter. The "accreted conversion price" per share of Common Stock as of any day equals the quotient obtained by dividing: o the sum of the Issue Price and Accrued Original Issue Discount to that day, by o the number of shares of Common Stock issuable upon conversion of $1,000 Principal Amount at Maturity of Securities on that day. The "fiscal quarter" of the Company shall be the quarterly fiscal period utilized by the Company for financial reporting purposes.
Conversion Based on Common Stock Price. Subject to the provisions of this paragraph 7 including the settlement provisions described below and notwithstanding the fact that any other condition to conversion described below has not been satisfied, Holders may convert the 2004 Senior Convertible Notes on a Conversion Date at any time starting with the first day of any calendar quarter commencing after December 31, 2004 if the Closing Sale Price of the Common Stock for at least 20 Trading Days in a period of 30 consecutive Trading Days ending on the last Trading Day of such preceding calendar quarter is greater than the conversion trigger price per share. The "conversion trigger price" for any calendar quarter shall be 120% of the accreted Conversion Price per share (as defined below) of Common Stock on the last Trading Day of such preceding calendar quarter. If the foregoing condition is satisfied, then the 2004 Senior Convertible Notes will be convertible at any time of the option of the Holder, through their maturity. The "accreted Conversion Price" per share of Common Stock as of any day equals the quotient of: - the Accreted Principal Amount on that day, divided by - the Conversion Rate on that day, subject to any adjustments to the Conversion Rate through that day. Beginning August 1, 2010, the accreted principal amount of a 2004 Senior Convertible Note will be equal to the Original Principal Amount of $ 1,000 increased daily by the annual rate of Six Month LIBOR plus 0.50%, reset on each Interest Reset Date.
