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WSD

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Alias Born 11/10/2010

WSD

Re: hotrod34racer post# 29131

Sunday, 05/15/2011 11:58:42 PM

Sunday, May 15, 2011 11:58:42 PM

Post# of 142928
Hotrod, I've had the same question in the past, but had figured this one out. The answer to this is really dependent on the company. For example Citigroup did a RS last week, and in their documents they actually stated that anyone who has less than 10 shares will receive a dollar amount for those shares at the closing price of the day or something like that. So say you had 1 share, and the closing price was $4.44, you'd get that from the company and it'll show up in your account. On other occasions I've seen situations where if you have less than the RS size two options arise: 1) If its greater than a certain number so say you have greater than 800 shares, you'll still get 1...but say it was under that, you would get nothing.