American Airlines Group Inc (AAL)

[junkmanlong1]

From the disclosure statement conversion cap for Preferred shares.

Initial VWAP was $22.3415 from aa investor relations website.

floor is 10.875


cap = ($22.3415 - $10.875) + $22.2415 = $33.80




“Conversion Price” means, with respect to any Conversion Date, an amount equal to
96.5% of the VWAP calculated with respect to such Conversion Date; provided, however, that
such amount shall not be less than the Conversion Price Floor nor greater than the Conversion
Price Cap.
“Conversion Price Cap” means the greater of (i) $19.00 and (ii) the Initial VWAP less the
Conversion Price Floor plus the Initial VWAP, subject to adjustment as set forth in Section 6.1.3
“Conversion Price Floor” means $10.875 per share of Common Stock, subject to adjustment as set forth in Section 6.1.