Lehman Brothers Financial SA (LEHNQ)

[jwnoble3]

Gs - convertible to common (preferred shares are mandatorily convertible on 7/1/2011 into a variable number of Lehman Brothers Holdings Inc. (NYSE: LEH) common shares based on the then current price of the common shares for 20 trading day period ending on the third trading day prior to the conversion date. The conversion settlement rate will be 30.2663 shares per unit if the then current market price is equal to or greater than $33.04 and 35.7142 shares per unit if the market price is equal to or less than $28.00. For market prices between those values the settlement rate will be $1000 divided by the market value. The last reported sale price of the common stock on 6/6/2008 was $32.29 per share. The preferred shares are convertible any time at the holder’s option into 30.2663 shares of common stock.)


P’s - are convertible to common (preferred shares are convertible any time at the holder's option into 20.0509 common shares)

F’s - DEPOSITARY SHARES EACH REPRESENTING 1/100TH OF A SHARE OF
6.50% CUMULATIVE PREFERRED STOCK, SERIES F