I should have done this a long time ago but drifted....I'm out.
From the LTW Prospectus date 12/15/00:
"Each Warrant represents the right to purchase shares or a portion of a share of Common Stock (subject to adjustment as provided herein), upon the terms and subject to the conditions herein set forth. "
Exercise Terms
3.1 Number of Warrant Shares; Exercise Price. Each Warrant will, upon exercise thereof as provided herein, initially entitle the Holder thereof to purchase the number of shares of Common Stock having an Adjusted Stock Price equal to the Adjusted Litigation Recovery divided by the Maximum Number of Warrants at an exercise price per Warrant equal to the number of shares of Common Stock for which the Warrant is exercisable multiplied by $0.01 (the "Exercise Price"). All calculations made pursuant to this Section 3.1 will be rounded to the nearest ten-thousandth. When exercising Warrants, a Holder shall pay a total Exercise Price of $0.01 per each whole share of Common Stock the Holder will receive upon such exercise.
"After the trigger, LTWs may be exercised for shares of Stock with such shares subject to the same transfer restrictions as then apply to the Restricted Stock to which the LTWs related."