Lehman Preferred Series "J" Preferred (fka LEHJQ)

[coach tequila]

Don't look now but Franklin Recources, Inc. just filed a SEC Form 13G/A statement disclosing their holdings of 5% of Lehman common upon conversion of their Preferred Shares!

Footnote to Schedule 13G

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1 Includes 36,710,398 shares of common stock issuable on conversion of preferred stock

(as computed under Rule 13d-3(d)(1)(i)).

Coach T