American Airlines Group Inc (AAL)

[oldnick]

Found the Cap calculation by junkmanlong1

junkmanlong1 Friday, 01/10/14 01:33:30 PM
Re: rocco2 post# 14239
Post # of 15378
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.

So this means the optiomum VWAP for the common stock holders is $33.80.

Hope the price drops a bunch this week...