I'm not sure but I think we get issued shares of non tradeable shares of Lamco when Lehman shares get cancelled. Am I wrong? This stuff is way above my pay grade!
(b) Distributions. On the Effective Date, all Equity Interests in LBHI shall be
cancelled and one new share of LBHI’s common stock shall be issued to the Plan Administrator
which will hold such share for the benefit of the holders of such former Equity Interests[color=red][/color]consistent with their former economic entitlements; provided, however, that the Plan
Administrator may not exercise any voting rights appurtenant thereto in conflict with Article
VII of the Plan. Each holder of an Equity Interest in LBHI shall neither receive nor retain any
property or interest in property on account of such Equity Interests; provided, however, that in
the event that all Allowed Claims in LBHI Classes 1 through 8 have been satisfied in full in
accordance with the Bankruptcy Code and the Plan, each holder of an Equity Interest in LBHI
may receive its Pro Rata Equity Share of any remaining assets of LBHI consistent with such
holder’s rights of priority of payment existing immediately prior to the Commencement Date.
The rights of the holders of former Equity Interests in LBHI shall be nontransferable. On or
promptly after the Effective Date, the Plan Administrator shall file with the Securities and
Exchange Commission a Form 15 for the purpose of terminating the registration of any of its
publicly traded securities. Unless otherwise determined by the Plan Administrator, on the date
that LBHI’s Chapter 11 Case is closed in accordance with Section 6.6 of the Plan, all such
former Equity Interests in LBHI shall be deemed cancelled and of no force and effect provided
that such cancellation does not adversely impact the Debtors’ estates.
