Lehman Brothers Financial SA (LEHNQ)

[DJN]

Loving these conversion rates to commons.

LEHPQ:
Lehman Brothers Holdings, 7.25% Non-Cumul Perp Conv Preferred Stock, Series P

The preferred shares are convertible any time at the holder's option into 20.0509 common shares of lehman Brothers Holdings Inc. (NYSE: LEH), an initial conversion price of $49.87 per common share. On or after 4/1/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company

LBHGP:
Lehman Brothers Holdings, 8.75% Non-Cumul Mand Conv Preferred Stock, Series Q

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