Washington Mutual Preferred fka WAMPQ

[marayatano]

NO longer convertible, but here is someone else's post:

Posted by: MrPennyIII Date: Saturday, November 01, 2008 1:58:34 PM
In reply to: None Post # of 37207
WAMPQ Preferred - SECINFO - Link

PAR Value $1000

Conversion upon fundamental change:
If the reference price in connection with a fundamental change is less than the applicable conversion price, each share of Series R Preferred Stock may be converted during the period beginning on the effective date of the fundamental change and ending on the date that is 30 days after the effective date of such fundamental change at an adjusted conversion price equal to the greater of (1) the reference price and (2) $8.71, which is 50% of the closing price of the Issuer’s common stock on the date of the prospectus supplement, subject to adjustment. If the reference price is less than $8.71, holders will receive a maximum of 114.8106 shares of common stock per share of Series R Preferred Stock, subject to adjustment, which may result in a holder receiving value that is less than the liquidation preference of the Series R Preferred Stock.

http://www.secinfo.com/dr643.uCc.htm