Lehman Brothers Financial SA (LEHNQ)

[littledevils90210]

Must Read Link. Q & A. I think class 10B CTs will get paid. Its either 10B or 12. I think we are 10B.

http://dm.epiq11.com/LBH/document/GetDocument.aspx?DocumentId=1715648

STOCK CANCELLATION/SENIOR NOTES FAQS:
10) I am a shareholder. What happens to my shares now that Lehman has emerged?
There is a frequently asked question site to address shareholder questions at www.lehmandocket.
com. In brief, Lehman shares have been delisted and will no longer trade. The
ownership represented by your holding of Lehman shares is transferred to a proportional
ownership in the share held by the Lehman Plan Trust. Although highly unlikely, in the event of
a distribution for the benefit of shareholders, the Plan Trust will arrange for such distribution to
shareholders of record just prior to the effective date of the plan.
11) I was a Stockholder prior to the filing, what will happen to my stock?
On the Effective Date, the LBHI Common and Preferred Stock shall be canceled and one new
share of LBHI common stock shall be issued to the Plan Trust which will hold such share for the
benefit of the holders of such former LBHI stock. The Plan states that in the event that all
Allowed Claims in LBHI Classes 1 through 11 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 share
of any remaining assets of LBHI consistent with all rights and priorities existing immediately
prior to the commencement of the Chapter 11 cases. At this time it is not anticipated that any
distribution will be made to any holder of an Equity Interest in LBHI.
12) What do I do with my stock certificates?
As the stock is being cancelled pursuant to the Plan, you are not required to take any action
with respect to the stock you hold.
13) I just read that my stock was cancelled. When did this happen? Do I receive
anything in exchange?
The Effective Date was March 6, 2012. When the LBHI Stock was cancelled on the Effective
Date one new share of LBHI common stock was issued to a Plan Trust which will hold such
share for the benefit of the holders of such former LBHI Stock consistent with their former
relative priority and economic entitlements. In place of your old shares, an escrow position was
created to act as a placeholder in your account and to represent your interest in the new share
of LBHI common stock for any potential future distributions. The escrow position will mirror the
number of old shares you held as of the Effective Date.
14) Are any tax implications triggered by the cancellation of the stock?
You will need to consult with your tax professional or accountant regarding the tax implications.
15) I now hold a beneficial interest or Equity Interest in LBHI stock.
a. What does this mean? It means you have an escrow position or a
“placeholder” for any potential future distributions of LBHI Stock.
b. Is it worth anything? The Plan states that in the event that all Allowed Claims
in LBHI Classes 1 through 11 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 share of any remaining assets of LBHI. At this time it is not
anticipated that any distribution will be made to any holder of an Equity Interest in
LBHI. Additionally, the placeholder escrow position is non-transferable.
c. Do I receive any evidence of this interest? The evidence is in the form of the
escrow CUSIP position that will mirror the number of old shares held as of the
Effective Date.
d. Will it show up on my brokerage statement? This depends on the firm, but
generally the answer is yes, under an escrow CUSIP position that will mirror the
number of old shares held as of the Effective Date.
e. Can I trade it? No. The positions in the escrow CUSIPS are non-transferable.
The continuing rights of holders of Equity Interests (including through their
interest in the Plan Trust Stock or otherwise) shall be nontransferable except by
operation of law or upon the death of the holder.
f. Is it taxable? Do I need to report it anywhere? You will need to consult with
your tax professional or accountant regarding the tax implications.
16) What is an escrow CUSIP?
A CUSIP number is a unique identifier assigned to a particular security. An escrow CUSIP is a
placeholder representing the amount of shares held by the former holders of equity interests or
the principal amount held by former holders of notes. An escrow CUSIP is not an “official”
security designation, and it is created solely for record-keeping purposes. The escrow CUSIP
number shall only represent the right of such holder to receive potential future distributions
under the Plan on account of the old or cancelled securities.
17) As a stockholder, am I entitled to a distribution?
If you held Class 12 Equity Interests, the old common stock, or preferred shares, you may
receive a distribution after all Allowed Claims in LBHI Classes 1 through 11 have been satisfied
in full in accordance with the Bankruptcy Code and the Plan. At this time it is not anticipated
that any distribution will be made to any holder of an Equity Interest in LBHI. For all other Plan
Classes, please refer to the Plan.
18) If a distribution is made to stockholders, how will I know?
If you held your Class 12 Interests in a brokerage account, the distribution will be deposited into
your account. If you held your Class 12 Interest as a registered holder in your own name,
notification will be made.
19) Can I change brokers?
Yes.
20) My broker does not want to hold my beneficial interest anymore. Can I convert to
record name?
No. There will not be any mechanism for converting your position to record name.
21) I just moved. Should I submit a change of address? To whom?
Yes, you should submit a change of address. Where you send the change of address request
depends, on where your claim or securities are held. When making the notification include your
name on the account, your old address, your new address, date the change is effective and a
phone or email address in the event there are questions, as well as any account numbers or
other identifying information.
a. If you hold securities, either stock or bonds through a brokerage account you should
contact your broker.
b. If you are a registered holder, holding the stock in your own name and do not hold it
through a broker, please contact the stock transfer agent.
For Old Common Stock
Computershare (formerly BYN Mellon)
1-800-824-5707
For Old Preferred Shares
Computershare
1-877-498-8865
c. If you have a filed proof of claim, then you should notify Epiq the Claims and Noticing
Agent for Lehman Brothers Holdings Inc. Write to:
Lehman Brothers Holdings Noticing Agent
Epiq Bankruptcy Solutions
757 Third Avenue, 3rd Floor
New York, NY 10017
22) Where can I find more information about the wind-down?
After the Effective Date, pursuant to the Plan, the Plan Administrator shall wind-down, sell and
otherwise liquidate assets of the Debtors and/or Debtor-Controlled Entities in accordance with
Section 6.1(b)(iii) of the Plan. You may find additional information at www.lehman-docket.com.
23) I held preferred stock. Is my beneficial interest different than the beneficial
interest that a common stockholder received?
The common stock and the preferred shares were both classified as Class 12 Equity Interests
under the confirmed Plan and both are treated similarly under the Plan, but the common stock
and preferred shares shall maintain their former relative priority to each other.
24) What is happening to my Senior Notes?
The Senior Notes are in LBHI Plan Class 3 Senior Unsecured Claims, and the distribution for
these will be paid through your bank or broker through the depository in which your position is
held. An escrow CUSIP will also be established as a place holder in your account for any
potential future distributions.