American Airlines Group Inc (AAL)

[junkmanlong1]

From the disclosure statement. docket 8591 page 19 of 510
AMR Equity Interests = AAMRQ

1.250 VWAP means, with respect to any date, the volume weighted
average price of New Common Stock for the five (5) trading days ending on the
last trading day immediately prior to such date


As set forth in the Plan, the amount of additional shares of New Common Stock
that will be issued on the Mandatory Conversion Dates to holders of Allowed AMR Other
General Unsecured Claims, Allowed American Other General Unsecured Claims, Allowed
Eagle General Unsecured Claims, and Allowed AMR Equity Interests is determined by the
VWAP of the New Common Stock on the Mandatory Conversion Dates. Specifically, the
amount of additional shares of New Common Stock distributable to the holders of Allowed
Equity Interests depends on whether the price of the New Common Stock as of the relevant
Mandatory Conversion Date exceeds the value which would imply that the New Common
Stock distributable to holders of Allowed General Unsecured Claims is sufficient to
effectively pay such Claims in full (i.e., par plus accrued interest thereon, at the nondefault
contract rate or federal judgment rate (as appropriate) from the Commencement Date
through the Effective Date, including interest on overdue interest), and including certain
additional value to address the market volatility and liquidity concerns during the 120-day
period following the Effective Date, as discussed more fully below. For illustration
purposes only, a table reflecting various potential recovery estimates based upon numerous
assumptions and a range of prices for the New Common Stock is annexed hereto as
Exhibit “B.”